earnings
confidence high
sentiment positive
materiality 0.70
AllianceBernstein Q1 GAAP EPU $0.92 (+37% YoY); adjusted EPU $0.83 (+3.7%); net active outflows $6.3B
ALLIANCEBERNSTEIN L.P.
- GAAP net revenues $1.20B (+11.2% YoY), operating income $326.8M (+38.3%), operating margin 26.1%.
- Adjusted net revenues $871.1M (+3.9%), adjusted operating income $291.2M (+3.0%), margin 33.4%.
- AB Holding cash distribution per Unit $0.83, up 3.7% from $0.80 a year ago.
- Ending AUM $838.6B (6.9% YoY increase), with active equity outflows $10.9B and municipal inflows $3.3B.
- CEO cites difficult geopolitical backdrop; alternatives/multi-asset net inflows of $3.4B.