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    Michael Mccormick

    Research Analyst at Sanford C. Bernstein & Co.

    Michael McCormick is an Equity Analyst at Bernstein Institutional Services LLC, specializing in the consumer finance and services sectors. His coverage includes a range of brokerage and finance companies, with a recent career history as a Senior Research Associate at Sanford C. Bernstein & Co. before advancing to his current analyst role in January 2024. McCormick began his finance career after graduating from the University of Delaware in 2017 and has demonstrated expertise in equity research, with professional credentials including the CFA designation. Throughout his career, he has maintained a focus on detailed company analysis and network building within leading financial institutions.

    Michael Mccormick's questions to HUNTINGTON INGALLS INDUSTRIES (HII) leadership

    Michael Mccormick's questions to HUNTINGTON INGALLS INDUSTRIES (HII) leadership • Q3 2024

    Question

    Michael Mccormick requested an update on workforce attrition during the quarter and asked about the expected margin profile for the upcoming CVN 80 and 81 aircraft carriers.

    Answer

    CEO Christopher Kastner stated there has been 'no meaningful change in attrition,' which has prompted a strategic shift toward hiring more experienced labor. He declined to provide program-specific margin guidance but reiterated his confidence in achieving the long-term 9-10% shipbuilding margin target after transitioning through the current pre-COVID contracts.

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