AllianceBernstein Q4 GAAP EPU $0.59, down 53.5% YoY; AUM falls 17% to $646.4B

ALLIANCEBERNSTEIN HOLDING L.P.

GAAP diluted net income $0.59/unit vs $1.27 in Q4 2021; adjusted diluted EPU $0.70 vs $1.29.
Q4 net revenues $990M (-21.7% YoY); operating income $203.7M (-48.1%); operating margin 20.0% vs 30.8%.
Ending AUM $646.4B (-17% YoY); full-year average AUM $686.5B (-6.1% vs 2021).
Adjusted operating margin for Q4 28.9% vs 38.5%; full-year margin 28.4% vs 33.6%.
Q4 cash distribution $0.70/unit (-45.7% vs $1.29); CEO cites extraordinary market headwinds.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALLIANCEBERNSTEIN HOLDING L.P. reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

AllianceBernstein L.P. and AllianceBernstein Holding L.P. (collectively, “AB”) are furnishing their news release issued on February 8, 2023 announcing financial and operating results for the fourth quarter and full year ended December 31, 2022 and the availability of Form 10-K for the year ended December 31, 2022 (the “4Q22 Release”).

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Source: SEC EDGAR

accession 0000825313-23-000005

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