secwatch.observer — SEC 8-K summary
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Issuer:     ALLIANCEBERNSTEIN HOLDING L.P. (AB)
CIK:        0000825313
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0000825313-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825313/000082531323000005/0000825313-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825313/000082531323000005/ab-20230208.htm
  HTML page:      https://secwatch.observer/filing/0000825313-23-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer