earnings
confidence high
sentiment positive
materiality 0.75
AllianceBernstein Q1 GAAP EPU $0.67, adjusted $0.73; revenue up 7.8% YoY, AUM $758.7B
ALLIANCEBERNSTEIN HOLDING L.P.
- GAAP diluted EPU $0.67; adjusted diluted EPU $0.73; cash distribution $0.73/unit, up 10.6% YoY.
- Adjusted net revenues $884M (+6.2% YoY); adjusted operating income $267M (+12.1%); operating margin 30.3% (+160 bps).
- Active net inflows $3.7B (2.3% organic growth); retail channel 6% annualized; alternatives & multi-asset 8% organic; equity outflows persist.
- Ending AUM $758.7B (+12.2% YoY); average AUM $738.9B (+10.8% YoY).