AllianceBernstein Q3: adj EPU $0.65 (+2%), GAAP EPU $0.50, AUM $669B, $1.9B net outflows

ALLIANCEBERNSTEIN HOLDING L.P.

GAAP diluted EPU of $0.50, adjusted diluted EPU of $0.65; cash distribution of $0.65 per unit (up from $0.64).
Net revenues $1.032B, up 4.6% YoY; adjusted net revenues $845.8M, up 3.9%.
Adjusted operating income $236.9M, up 13.0%; adjusted operating margin 28.0% (up 220 bps).
AUM $669B at quarter end, down 3.3% from prior quarter but up 9.2% YoY; average AUM $689.6B.
Net outflows of $1.9B in Q3; active net flows nearly flat; Retail gained market share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ALLIANCEBERNSTEIN HOLDING L.P. reported quarter ended September 30, 2023 results: revenue $845,792, EPS $0.65.

Period: quarter ended September 30, 2023
Revenue: $845,792
EPS: $0.65
Result: reported results

Exact text from the filing

Unit and distributions to unitholders rose by 2%." (US $ Thousands except per Unit amounts) 3Q 2023 3Q 2022 % Change 2Q 2023 % Change U.S. GAAP Financial Measures Net revenues $ 1,032,056 $ 986,984 4.6 % $ 1,008,456 2.3 % Operating income $ 175,250 $ 170,305 2.9 % $ 188,661 (7.1 %) Operating margin 17.2 % 18.3 % (110 bps) 18.4 % (120 bps) AB Holding Diluted EPU $

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ALLIANCEBERNSTEIN HOLDING L.P. reported quarter ended September 30, 2023 results: revenue $845,792, EPS $0.65.

Period: quarter ended September 30, 2023
Revenue: $845,792
EPS: $0.65
Result: reported results

Exact text from the filing

(7.1 %) Operating margin 17.2 % 18.3 % (110 bps) 18.4 % (120 bps) AB Holding Diluted EPU $ 0.50 $ 0.56 (10.7) % $ 0.53 (5.7 %) Adjusted Financial Measures (1) Net revenues $ 845,792 $ 814,031 3.9 % $ 822,631 2.8 % Operating income (2) $ 236,854 $ 209,689 13.0 % $ 221,947 6.7 % Operating margin (2) 28.0 % 25.8 % 220 bps 27.0 % 100 bps AB Holding Diluted EPU $

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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

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