secwatch.observer — SEC 8-K summary
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Issuer:     ALLIANCEBERNSTEIN L.P. (—)
CIK:        0001109448
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001109448-24-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109448/000110944824000036/0001109448-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109448/000110944824000036/ab-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001109448-24-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer