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>PPG Industries' third-quarter 2025 results provide a mixed picture of the company's current performance and future prospects.</li><li>On one hand, the company achieved a 2% increase in organic sales growth, marking the third consecutive quarter of volume growth despite a challenging macroeconomic environment.</li><li>PPG's global reach and strong commercial execution contributed to share gains, particularly in its Industrial Coatings segments with automotive OEM and packaging coatings, as well as in its Performance Coatings segment, which saw robust growth in aerospace and protective and marine coatings.</li></ul>

PPG Industries' third-quarter 2025 results provide a mixed picture of the company's current performance and future prospects.On one hand, the company achieved a 2% increase in organic sales growth, marking the third consecutive quarter of volume growth despite a challenging macroeconomic environment.PPG's global reach and strong commercial execution contributed to share gains, particularly in its Industrial Coatings segments with automotive OEM and packaging coatings, as well as in its Performance Coatings segment, which saw robust growth in aerospace and protective and marine coatings.

PPG Industries Reignites Momentum in Mexico—Is This the Start of a Major Comeback?

<ul><li>PPG Industries recently released its second quarter 2025 financial results, showcasing a blend of performance indicators that should be carefully considered by investors.</li><li>The company reported net sales of $4.2 billion, with a 2% increase in organic sales.</li><li>This growth was majorly driven by strong performances in the Aerospace Coatings, Protective & Marine Coatings, and Packaging Coatings segments.</li></ul>

PPG Industries recently released its second quarter 2025 financial results, showcasing a blend of performance indicators that should be carefully considered by investors.The company reported net sales of $4.2 billion, with a 2% increase in organic sales.This growth was majorly driven by strong performances in the Aerospace Coatings, Protective & Marine Coatings, and Packaging Coatings segments.

PPG Battles Rising Costs with Pricing Power—Can It Outperform Rivals in Latin America?

<ul><li>PPG Industries recently released its first-quarter financial results for 2025, which highlighted some key taking points for potential investors.</li><li>The company's reported sales amounted to $3.7 billion, reflecting a 4% year-over year decrease attributed primarily to unfavorable foreign currency translations and business divestitures, such as its Silicas business.</li><li>Although these components adversely affected overall sales figures, PPG reported positive organic sales growth, driven by increased sales volumes and selling prices, notably in Asia, with strong performances in nations like China, India, and Vietnam.</li></ul>

PPG Industries recently released its first-quarter financial results for 2025, which highlighted some key taking points for potential investors.The company's reported sales amounted to $3.7 billion, reflecting a 4% year-over year decrease attributed primarily to unfavorable foreign currency translations and business divestitures, such as its Silicas business.Although these components adversely affected overall sales figures, PPG reported positive organic sales growth, driven by increased sales volumes and selling prices, notably in Asia, with strong performances in nations like China, India, and Vietnam.

PPG Industries: Will Its Strategic Focus on Organic Growth & Share Gains Be A Potential Game Changer?

Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

<ul><li>In this edition: • AkzoNobel | PPG reiterates FY25 guidance; strong quarter Performance Coatings • Wolters Kluwer | clear beat of market expectations • Basic-Fit | front-loaded cost impacting 25H1 results - reiterates FY24 outlook • JDE Peet’s | results strongly impact by price increases and FX – FY25outlook adjusted upwards</li></ul>

In this edition: • AkzoNobel | PPG reiterates FY25 guidance; strong quarter Performance Coatings • Wolters Kluwer | clear beat of market expectations • Basic-Fit | front-loaded cost impacting 25H1 results - reiterates FY24 outlook • JDE Peet’s | results strongly impact by price increases and FX – FY25outlook adjusted upwards

What's New(s) in Amsterdam - 30 July (AkzoNobel | Wolters Kluwer | JDE Peet's | Basic-Fit)

<ul><li>In this edition: • Adyen | solid 1Q25 revenue development – reiterates financial objectives • ASM International | better than expected gross margin and cost control resulting in a strong beat in operational profitability • AkzoNobel | PPG beats expectations and reaffirms FY25 guidance • dsm-firmenich | 1Q25 falls slightly short of market expectations; FY25 guidance intact • DHL | 1Q25 shows clear beat of consensus; external environment remains uncertain</li></ul>

In this edition: • Adyen | solid 1Q25 revenue development – reiterates financial objectives • ASM International | better than expected gross margin and cost control resulting in a strong beat in operational profitability • AkzoNobel | PPG beats expectations and reaffirms FY25 guidance • dsm-firmenich | 1Q25 falls slightly short of market expectations; FY25 guidance intact • DHL | 1Q25 shows clear beat of consensus; external environment remains uncertain

What's New(s) in Amsterdam - 30 April (Adyen | AkzoNobel | ASM Int'l | dsm-firmenich | DHL)

United States

PPG Industries, Inc. supplies products for the manufacturing, construction, automotive, chemical processing, and other industries worldwide.  The Company makes protective and decorative coatings, flat glass, fabricated glass products, continuous-strand fiber glass products, and industrial and specialty chemicals.

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Ppg Industries (PPG US)

PPG Industries Reignites Momentum in Mexico—Is This the Start of a Major Comeback?

PPG Industries' third-quarter 2025 results provide a mixed picture of the company's current performance and future prospects. On one hand, the...

Baptista Research

PPG Battles Rising Costs with Pricing Power—Can It Outperform Rivals in Latin America?

PPG Industries recently released its second quarter 2025 financial results, showcasing a blend of performance indicators that should be carefully...

Baptista Research

What's New(s) in Amsterdam - 30 July (AkzoNobel | Wolters Kluwer | JDE Peet's | Basic-Fit)

In this edition: • AkzoNobel | PPG reiterates FY25 guidance; strong quarter Performance Coatings • Wolters Kluwer | clear beat of market...

The IDEA!

What's New(s) in Amsterdam - 30 April (Adyen | AkzoNobel | ASM Int'l | dsm-firmenich | DHL)

In this edition: • Adyen | solid 1Q25 revenue development – reiterates financial objectives • ASM International | better than expected gross...

The IDEA!

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

PPG Industries Reignites Momentum in Mexico—Is This the Start of a Major Comeback?

PPG Industries' third-quarter 2025 results provide a mixed picture of the company's current performance and future prospects. On one hand, the...

Baptista Research

PPG Battles Rising Costs with Pricing Power—Can It Outperform Rivals in Latin America?

PPG Industries recently released its second quarter 2025 financial results, showcasing a blend of performance indicators that should be carefully...

Baptista Research

PPG Industries: Will Its Strategic Focus on Organic Growth & Share Gains Be A Potential Game Changer?

PPG Industries recently released its first-quarter financial results for 2025, which highlighted some key taking points for potential...

Baptista Research

What's New(s) in Amsterdam - 30 July (AkzoNobel | Wolters Kluwer | JDE Peet's | Basic-Fit)

In this edition: • AkzoNobel | PPG reiterates FY25 guidance; strong quarter Performance Coatings • Wolters Kluwer | clear beat of market...

The IDEA!

What's New(s) in Amsterdam - 30 April (Adyen | AkzoNobel | ASM Int'l | dsm-firmenich | DHL)

In this edition: • Adyen | solid 1Q25 revenue development – reiterates financial objectives • ASM International | better than expected gross...

The IDEA!