earnings
confidence high
sentiment positive
materiality 0.80
AllianceBernstein Q1 adjusted EPU $0.80, up 9.6% YoY; operating margin 33.7%, distribution raised to $0.80
ALLIANCEBERNSTEIN HOLDING L.P.
- GAAP net income $0.67 per unit; adjusted net income $0.80 per unit, up 9.6% YoY.
- Adjusted operating income $282.7M (+5.7% YoY); operating margin 33.7%, expanding 340 bps.
- Average AUM $797.5B (+7.9% YoY); active net inflows $2.7B in Q1, led by alternatives/multi-asset.
- Cash distribution increased to $0.80 per unit, up 9.6% YoY.
- Active fixed income net inflows $1.0B; alternatives/multi-asset net inflows $4.2B.