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>Vulcan Materials Company recently concluded its third quarter of 2025, showing significant progress in its operational and financial performance.</li><li>The company demonstrated strong execution across various segments, resulting in an expansion of gross margin and unit profitability.</li><li>Notably, adjusted EBITDA reached $735 million, marking an impressive 27% improvement compared to the previous year.</li></ul>

Vulcan Materials Company recently concluded its third quarter of 2025, showing significant progress in its operational and financial performance.The company demonstrated strong execution across various segments, resulting in an expansion of gross margin and unit profitability.Notably, adjusted EBITDA reached $735 million, marking an impressive 27% improvement compared to the previous year.

Vulcan Materials: Is The Infrastructure Spending and Public-Sector Demand Stability Here To Stay?

<ul><li>The recent earnings for Vulcan Materials Company reflected mixed results for the second quarter of 2025, providing several insights into the company's financial performance and operational dynamics.</li><li>On the positive side, Vulcan demonstrated strong financial improvements despite facing significant weatherrelated disruptions.</li><li>The company reported a 16% increase in adjusted EBITDA, with margins expanding by 260 basis points.</li></ul>

The recent earnings for Vulcan Materials Company reflected mixed results for the second quarter of 2025, providing several insights into the company's financial performance and operational dynamics.On the positive side, Vulcan demonstrated strong financial improvements despite facing significant weatherrelated disruptions.The company reported a 16% increase in adjusted EBITDA, with margins expanding by 260 basis points.

Vulcan Materials: How Are They Leveraging The Public & Private Demand for Infrastructure?

Podcast by Dom Cooke to explore big businesses, Business Breakdowns

Business Breakdowns

Podcast by Dom Cooke to explore big businesses

Learn how companies work from the people who know them best. We do deep research and interview industry veterans, investment professionals, and corporate executives to explain the inner workings of public stocks and private businesses. For each company, we break down their history, business model, financial statements, secret sauce, and bull/bear case. We believe every business has lessons to teach us and Breakdowns is here to highlight them. Learn more and stay up to date at www.joincolossus.com.

<ul><li>Vulcan Materials is a major player in the construction aggregates market, providing the foundation for buildings, roads, and infrastructure in the United States.</li><li>The company owns and operates quarries across the country, with a market cap close to $30 billion.</li><li>Aggregates are essential for asphalt and concrete production, with Vulcan playing a crucial role in supplying this key material for construction projects.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Vulcan Materials is a major player in the construction aggregates market, providing the foundation for buildings, roads, and infrastructure in the United States.The company owns and operates quarries across the country, with a market cap close to $30 billion.Aggregates are essential for asphalt and concrete production, with Vulcan playing a crucial role in supplying this key material for construction projects.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Vulcan Materials: Rock On - [Business Breakdowns, REPLAY]

<ul><li>Vulcan Materials Company reported its first quarter results for 2025, showcasing a robust financial performance reflective of its dual growth strategy focused on organic earnings enhancement and strategic acquisitions.</li><li>The company's adjusted EBITDA rose by 27% year-over-year with a marginal increase in EBITDA margin of 420 basis points, underscoring effective operational discipline despite varying economic conditions.</li><li>Aggregate shipments slightly decreased by 1% due to adverse weather conditions and a tax-day impact.</li></ul>

Vulcan Materials Company reported its first quarter results for 2025, showcasing a robust financial performance reflective of its dual growth strategy focused on organic earnings enhancement and strategic acquisitions.The company's adjusted EBITDA rose by 27% year-over-year with a marginal increase in EBITDA margin of 420 basis points, underscoring effective operational discipline despite varying economic conditions.Aggregate shipments slightly decreased by 1% due to adverse weather conditions and a tax-day impact.

Vulcan Materials Company: Can It Capitalize On The Boost Public Infrastructure Spending?

<ul><li>Vulcan Materials Company delivered strong results in the fourth quarter of 2024 and maintained a positive outlook for 2025.</li><li>The company's strategic focus on expanding and enhancing its core business appears to be yielding results.</li><li>In particular, Vulcan increased its industry-leading aggregates cash gross profit per ton by 12% and executed over $2 billion in acquisitions aimed at broadening its geographic reach and strengthening its market position in three key revenue states.</li></ul>

Vulcan Materials Company delivered strong results in the fourth quarter of 2024 and maintained a positive outlook for 2025.The company's strategic focus on expanding and enhancing its core business appears to be yielding results.In particular, Vulcan increased its industry-leading aggregates cash gross profit per ton by 12% and executed over $2 billion in acquisitions aimed at broadening its geographic reach and strengthening its market position in three key revenue states.

Vulcan Materials: The Growth In Public Construction & Infrastructure Investment Can Really Catalyze Growth!

United States

Vulcan Materials Company produces construction aggregates.  The Company principal product lines are aggregates, asphalt mix and concrete, and cement.

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Vulcan Materials Co (VMC US)

Vulcan Materials: Is The Infrastructure Spending and Public-Sector Demand Stability Here To Stay?

Vulcan Materials Company recently concluded its third quarter of 2025, showing significant progress in its operational and financial...

Baptista Research

Vulcan Materials: How Are They Leveraging The Public & Private Demand for Infrastructure?

The recent earnings for Vulcan Materials Company reflected mixed results for the second quarter of 2025, providing several insights into the...

Baptista Research

Vulcan Materials: Rock On - [Business Breakdowns, REPLAY]

This episode of Business Breakdowns explores Vulcan Materials, America's largest producer of construction aggregates, and discusses the company's...

Business Breakdowns

Vulcan Materials Company: Can It Capitalize On The Boost Public Infrastructure Spending?

Vulcan Materials Company reported its first quarter results for 2025, showcasing a robust financial performance reflective of its dual growth...

Baptista Research

Vulcan Materials: The Growth In Public Construction & Infrastructure Investment Can Really Catalyze Growth!

Vulcan Materials Company delivered strong results in the fourth quarter of 2024 and maintained a positive outlook for 2025. The company's...

Baptista Research

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