AllianceBernstein Q2: GAAP EPU $0.53, adjusted $0.61; net outflows $4.0B; Equitable adds $10B to Private Markets

ALLIANCEBERNSTEIN HOLDING L.P.

GAAP diluted EPU $0.53; adjusted diluted EPU $0.61; cash distribution $0.61 per unit.
Net revenues GAAP $1.008B (+3.8% YoY); operating income $188.7M (-2.1% YoY).
Adjusted operating income $221.9M (-2.8% YoY); adjusted operating margin 27.0% (down 100 bps).
Q2 net outflows $4.0B; April saw $6.2B low-fee institutional redemptions; fixed income grew 9% annualized organically.
Equitable Holdings committed additional $10B permanent capital for Private Markets; pipeline $14.4B (+10% seq).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALLIANCEBERNSTEIN HOLDING L.P. reported the quarter ended June 30, 2023 results: revenue $ 1,008,456, net income $0.53 per Unit, EPS $0.61 per Unit.

Period: the quarter ended June 30, 2023
Revenue: $ 1,008,456
Net income: $0.53 per Unit
EPS: $0.61 per Unit
Result: reported results

Exact text from the filing

and distributions to unitholders declined by 14%." (US $ Thousands except per Unit amounts) 2Q 2023 2Q 2022 % Change 1Q 2023 % Change U.S. GAAP Financial Measures Net revenues $ 1,008,456 $ 971,444 3.8 % $ 1,024,091 (1.5 %) Operating income $ 188,661 $ 192,648 (2.1) % $ 215,260 (12.4 %) Operating margin 18.4 % 22.6 % (420 bps) 20.1 % (170 bps) AB Holding Diluted

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

ALLIANCEBERNSTEIN HOLDING L.P. filing history →

Source: SEC EDGAR

accession 0000825313-23-000043

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