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>Teledyne Technologies Incorporated demonstrated strong performance in the first quarter of 2025, achieving record first-quarter sales with a 7.4% increase year-over-year.</li><li>This growth was consistent across all segments, highlighting the company's balanced portfolio and strategic acquisitions, such as Qioptiq.</li><li>Notably, the company saw record non-GAAP and GAAP earnings per share and operating margins, speaking to effective financial management and operational efficiency.</li></ul>

Teledyne Technologies Incorporated demonstrated strong performance in the first quarter of 2025, achieving record first-quarter sales with a 7.4% increase year-over-year.This growth was consistent across all segments, highlighting the company's balanced portfolio and strategic acquisitions, such as Qioptiq.Notably, the company saw record non-GAAP and GAAP earnings per share and operating margins, speaking to effective financial management and operational efficiency.

Teledyne Technologies Taps Into Aerospace & Defense Boom — Here’s Why It Could Pay Off Big!

<ul><li>Teledyne Technologies Incorporated presented a mixed financial performance in their fourth quarter of 2024 earnings call.</li><li>The company reported record revenues, with a 5.4% increase in sales compared to the prior year.</li><li>This growth was further highlighted by record achievements in full-year non-GAAP earnings per share and operating margins.</li></ul>

Teledyne Technologies Incorporated presented a mixed financial performance in their fourth quarter of 2024 earnings call.The company reported record revenues, with a 5.4% increase in sales compared to the prior year.This growth was further highlighted by record achievements in full-year non-GAAP earnings per share and operating margins.

Teledyne Technologies: These Are The 5 Biggest Hindrances To Its Growth In 2025 & Beyond!

<ul><li>Teledyne Technologies Incorporated reported an impressive performance for the third quarter of 2024, achieving all-time record sales with growth in each business segment.</li><li>This growth was fueled by robust demand in their longer-cycle defense, space, and energy sectors, though sales in most short-cycle commercial businesses have either stabilized or begun to recover sequentially.</li><li>The company continued aggressive capital management strategies during the quarter, including repurchasing approximately $354 million of its stock, completing two acquisitions valued at $125 million, and repaying $450 million in gross debt.</li></ul>

Teledyne Technologies Incorporated reported an impressive performance for the third quarter of 2024, achieving all-time record sales with growth in each business segment.This growth was fueled by robust demand in their longer-cycle defense, space, and energy sectors, though sales in most short-cycle commercial businesses have either stabilized or begun to recover sequentially.The company continued aggressive capital management strategies during the quarter, including repurchasing approximately $354 million of its stock, completing two acquisitions valued at $125 million, and repaying $450 million in gross debt.

Teledyne Technologies: Can They Capitalize On The Strengthening Defense & Energy Markets? - Major Drivers

<ul><li>Investors evaluating Teledyne Technologies Incorporated should consider both the achievements and challenges reported in their latest financial updates.</li><li>Notably, the company achieved record free cash flow, allowing for significant allocations towards debt repayment, acquisitions, and stock buybacks.</li><li>This demonstrates adept financial management and the capability to maintain operational flexibility.</li></ul>

Investors evaluating Teledyne Technologies Incorporated should consider both the achievements and challenges reported in their latest financial updates.Notably, the company achieved record free cash flow, allowing for significant allocations towards debt repayment, acquisitions, and stock buybacks.This demonstrates adept financial management and the capability to maintain operational flexibility.

Teledyne Technologies Incorporated: Will The Improving Trends in Test & Measurement Instruments Last? - Major Drivers

Equity Long-Short Analyst

Pyari Menon

<ul>
<li>With its <a href="https://www.smartkarma.com/entities/danaher-corp" target="_blank" data-smartkarma-citation="entities:8243:1" rel="noopener">Danaher Corp (DHR US)</a> heritage, <a href="https://www.smartkarma.com/entities/veralto-corp" target="_blank" data-smartkarma-citation="entities:40472:1" rel="noopener">Veralto (VLTO US)</a> has built a foundation based on durable and recurring sales growth, high profitability, and strong cash generation.</li>
<li>Veralto's products and services are mission-critical yet account for less than 1% of client costs, leading to high switching costs and ensuring customer retention and financial resilience through economic cycles.</li>
<li>Veralto holds market leadership in both its Water Quality (WQ) and Product Quality &amp; Innovation (PQI) segments, which positions it well for the increasing regulatory and environmental demands. .</li>
</ul>


With its Danaher Corp (DHR US) heritage, Veralto (VLTO US) has built a foundation based on durable and recurring sales growth, high profitability, and strong cash generation.
Veralto's products and services are mission-critical yet account for less than 1% of client costs, leading to high switching costs and ensuring customer retention and financial resilience through economic cycles.
Veralto holds market leadership in both its Water Quality (WQ) and Product Quality &amp; Innovation (PQI) segments, which positions it well for the increasing regulatory and environmental demands. .


Veralto: The Power of Customer Dependency and Recurring Revenue

United States

Teledyne Technologies Inc. provides electronic subsystems and instrumentation. The Company provides aerospace and defense electronics, digital imaging products & software, monitoring instrumentation for marine & environmental applications, harsh environment interconnect products, and subsystems for satellite communications.  Teledyne also provides engineered systems.

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Teledyne Technologies (TDY US)

Teledyne Technologies Taps Into Aerospace & Defense Boom — Here’s Why It Could Pay Off Big!

Teledyne Technologies Incorporated demonstrated strong performance in the first quarter of 2025, achieving record first-quarter sales with a 7.4%...

Baptista Research

Teledyne Technologies: These Are The 5 Biggest Hindrances To Its Growth In 2025 & Beyond!

Teledyne Technologies Incorporated presented a mixed financial performance in their fourth quarter of 2024 earnings call. The company reported...

Baptista Research

Teledyne Technologies: Can They Capitalize On The Strengthening Defense & Energy Markets? - Major Drivers

Teledyne Technologies Incorporated reported an impressive performance for the third quarter of 2024, achieving all-time record sales with growth...

Baptista Research

Teledyne Technologies Incorporated: Will The Improving Trends in Test & Measurement Instruments Last? - Major Drivers

Investors evaluating Teledyne Technologies Incorporated should consider both the achievements and challenges reported in their latest financial...

Baptista Research

Veralto: The Power of Customer Dependency and Recurring Revenue

Veralto's products and services are typically low cost but critical leading to high recurring sales, solid profitability and a leadership position...

Pyari Menon

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