former Investment Banking Analyst in the Mergers & Acquisitions group at Morgan Stanley
Zachary Milles is a former Investment Banking Analyst in the Mergers & Acquisitions group at Morgan Stanley, where he specialized in executing strategic transactions for clients across various industries. During his tenure, he was involved in high-profile deals for leading technology and industrial companies, contributing to successful outcomes and building a reputation for analytical rigor. Zach began his career at Morgan Stanley after earning a BA in Economics from Cornell University and developed strong financial modeling and deal execution skills before joining Warburg Pincus as an Associate in 2022. He holds a deep foundation in financial analysis and M&A advisory, leveraging his academic background and transaction experience to support private equity investments.
Zach asked for a normalized EPS for the full year 2025, considering various one-time items, corporate and TSA noise, general liability, and tariff impacts.
CFO Stuart Glendinning explained the complexity, noting the unusual shape of tariffs during the year and pricing strategies designed to address them. He mentioned a ~$115 million cost for stickering/resignage, one-time inventory benefits, and the plan to maintain gross margin into next year.
Performance on expert-authored financial analysis tasks