Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>MSA Safety reported third-quarter performance that reflected both underlying business resilience and near-term headwinds, resulting in mid-single-digit growth and solid cash generation.</li><li>Consolidated sales increased 8% year-over-year to $468 million, supported by strong momentum in detection products and industrial PPE, while fire service experienced a modest organic decline due to timing delays impacted by FEMA’s Assistance to Firefighters Grant (AFG) awards and the U.S. government shutdown.</li><li>Organic sales grew 3%, including positive contributions from fall protection and connected detection offerings, partially offset by a decline in fire service orders.</li></ul>

MSA Safety reported third-quarter performance that reflected both underlying business resilience and near-term headwinds, resulting in mid-single-digit growth and solid cash generation.Consolidated sales increased 8% year-over-year to $468 million, supported by strong momentum in detection products and industrial PPE, while fire service experienced a modest organic decline due to timing delays impacted by FEMA’s Assistance to Firefighters Grant (AFG) awards and the U.S. government shutdown.Organic sales grew 3%, including positive contributions from fall protection and connected detection offerings, partially offset by a decline in fire service orders.

MSA Safety’s Acquisition Strategy Is Heating Up—Is M&C TechGroup Just the Beginning?

<ul><li>MSA Safety's recent earnings for the second quarter of 2025 provides insight into the company's performance and outlook, marked by both accomplishments and challenges.</li><li>The company reported a 3% increase in consolidated sales, primarily bolstered by backlog conversion in key segments like Fire Service and Detection, with some contribution from the recent acquisition of M&C TechGroup.</li><li>However, operating margins were under pressure due to factors such as currency fluctuations, inflation, lower organic volume, and tariffs on input costs.</li></ul>

MSA Safety's recent earnings for the second quarter of 2025 provides insight into the company's performance and outlook, marked by both accomplishments and challenges.The company reported a 3% increase in consolidated sales, primarily bolstered by backlog conversion in key segments like Fire Service and Detection, with some contribution from the recent acquisition of M&C TechGroup.However, operating margins were under pressure due to factors such as currency fluctuations, inflation, lower organic volume, and tariffs on input costs.

MSA Safety Accelerates Growth in Fall Protection & Connected Tech—What’s Next?

<ul><li>MSA Safety's recent earnings for the first quarter of 2025 presents a mixed performance narrative, highlighting both opportunities and challenges within the current macroeconomic context.</li><li>The company reported first-quarter sales growth of 2% on a reported basis and 4% organically.</li><li>This growth was largely driven by robust demand in the Detection segment, buoyed by both fixed and portable gas detection systems.</li></ul>

MSA Safety's recent earnings for the first quarter of 2025 presents a mixed performance narrative, highlighting both opportunities and challenges within the current macroeconomic context.The company reported first-quarter sales growth of 2% on a reported basis and 4% organically.This growth was largely driven by robust demand in the Detection segment, buoyed by both fixed and portable gas detection systems.

MSA Safety: How Are They Dealing With Cost Escalation & Pricing Pressure & Other Key Risks?

<ul><li>MSA Safety Inc. reported its financial results for the fourth quarter and full-year 2024, providing insights into its operating performance and strategic direction.</li><li>Throughout 2024, the company executed well amidst a complex operating environment, demonstrating resilience across most product categories despite facing some challenges.</li><li>In 2024, MSA Safety achieved 1% growth in net sales on a reported basis and 2% on an organic basis.</li></ul>

MSA Safety Inc. reported its financial results for the fourth quarter and full-year 2024, providing insights into its operating performance and strategic direction.Throughout 2024, the company executed well amidst a complex operating environment, demonstrating resilience across most product categories despite facing some challenges.In 2024, MSA Safety achieved 1% growth in net sales on a reported basis and 2% on an organic basis.

MSA Safety: Leveraging Market Demand & Standards to Fuel Sales Growth & Market Expansion!

<ul><li>MSA Safety has presented mixed results for the third quarter of 2024.</li><li>The company reported a 3% year-over year decline in net sales on both reported and organic constant currency bases.</li><li>Despite the decrease in sales, adjusted earnings grew by 3%, indicating operational resilience and strong margin performance.</li></ul>

MSA Safety has presented mixed results for the third quarter of 2024.The company reported a 3% year-over year decline in net sales on both reported and organic constant currency bases.Despite the decrease in sales, adjusted earnings grew by 3%, indicating operational resilience and strong margin performance.

MSA Safety: International Expansion in Fire Services As A Vital Factor Driving Growth! - Major Drivers

United States

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures. The Company's core products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, head protection, and fall protection products. MSA Safety markets its products worldwide.

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Msa Safety Inc (MSA US)

MSA Safety’s Acquisition Strategy Is Heating Up—Is M&C TechGroup Just the Beginning?

MSA Safety reported third-quarter performance that reflected both underlying business resilience and near-term headwinds, resulting in...

Baptista Research

MSA Safety Accelerates Growth in Fall Protection & Connected Tech—What’s Next?

MSA Safety's recent earnings for the second quarter of 2025 provides insight into the company's performance and outlook, marked by both...

Baptista Research

MSA Safety: How Are They Dealing With Cost Escalation & Pricing Pressure & Other Key Risks?

MSA Safety's recent earnings for the first quarter of 2025 presents a mixed performance narrative, highlighting both opportunities and challenges...

Baptista Research

MSA Safety: Leveraging Market Demand & Standards to Fuel Sales Growth & Market Expansion!

MSA Safety Inc. reported its financial results for the fourth quarter and full-year 2024, providing insights into its operating performance and...

Baptista Research

MSA Safety: International Expansion in Fire Services As A Vital Factor Driving Growth! - Major Drivers

MSA Safety has presented mixed results for the third quarter of 2024. The company reported a 3% year-over year decline in net sales on both...

Baptista Research

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