AB Q1: GAAP EPU $0.67, adjusted $0.73; revenue +7.8% YoY; active inflows of $3.7B; AUM $758.7B

ALLIANCEBERNSTEIN L.P.

GAAP diluted EPU $0.67, adjusted diluted EPU $0.73; cash distribution $0.73/unit, up 10.6% YoY.
Net revenues $1.10B (+7.8% YoY); adjusted net revenues $884M (+6.2%); AUM $758.7B (+12.2%).
Active net inflows $3.7B in Q1; retail channel 6% annualized organic growth; taxable fixed income and municipals over 25% organic growth.
Adjusted operating income $267M (+12.1% YoY); adjusted operating margin 30.3%, up 160 bps YoY.
CEO Seth Bernstein cited steady improvement in equity performance, strong fixed income; equity net outflows persisted.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ALLIANCEBERNSTEIN L.P. reported the quarter ended March 31, 2024 results: revenue Net revenues $1,104,151, EPS AB Holding Diluted EPU $0.67.

Period: the quarter ended March 31, 2024
Revenue: Net revenues $1,104,151
EPS: AB Holding Diluted EPU $0.67
Result: reported results

Exact text from the filing

Unit and distributions to unitholders rose by 11%." (US $ Thousands except per Unit amounts) 1Q 2024 1Q 2023 % Change 4Q 2023 % Change U.S. GAAP Financial Measures Net revenues $ 1,104,151 $ 1,024,091 7.8 % $ 1,090,720 1.2 % Operating income $ 241,997 $ 215,260 12.4 % $ 238,500 1.5 % Operating margin 21.2 % 20.1 % 110 bps 20.6 % 60 bps AB Holding Diluted EPU $ 0.67

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Source: SEC EDGAR

accession 0001109448-24-000036

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