earnings
confidence high
sentiment positive
materiality 0.75
AllianceBernstein Q4 GAAP EPU $0.94 (up 32%), adj EPU $1.05 (up 36%); distribution $1.05
ALLIANCEBERNSTEIN HOLDING L.P.
- GAAP Q4 net revenues $1.258B (+15%), op income $317.5M (+33%), margin 25.0% (440 bps YoY increase).
- Adjusted Q4 net revenues $973.3M (+12%), op income $354.4M (+40%), margin 36.4% (720 bps YoY increase).
- Q4 GAAP diluted EPU $0.94 (+32%); adjusted diluted EPU $1.05 (+36%); cash distribution $1.05/unit (+36%).
- Full-year active platform net inflows $4.2B; active fixed income inflows record $24.5B; ending AUM $792.2B (up 9.2% YoY).
- Full-year GAAP op margin 24.7% (560 bps YoY); adj op margin 32.3% (410 bps YoY); adj EPU $3.25 (+21%).