Alliancebernstein L.P. 10-Q Quarterly Report Thu Jul 25 2019

New York, NY, April 25, 2019 - AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) (NYSE: AB) today reported financial and operating results for the quarter ended March 31, 2019.

"Our first quarter results reflect continued underlying momentum in many areas of our business," said Seth P. Bernstein, President and CEO of AllianceBernstein. "Total firmwide net inflows of $1.1 billion were positive for a third straight quarter and were driven by $2.2 billion of active net inflows, translating to a 2% active annualized organic growth rate."



(US $ Thousands except per Unit amounts)	1Q 2019			1Q 2018			1Q 2019 vs 1Q 2018 % Change		4Q 2018			1Q 2019 vs. 4Q 2018 % Change

U.S. GAAP Financial Measures
Net revenues	$	795,462		$	867,787		(8.3	)%	$	804,660		(1.1	%)
Operating income	$	168,151		$	222,671		(24.5	)%	$	199,359		(15.7	%)
Operating margin	19.9		%	23.0		%	(310 bps)		25.0		%	(510 bps)
AB Holding Diluted EPU	$	0.49		$	0.60		(18.3	)%	$	0.63		(22.2	%)

Adjusted Financial Measures ⁽¹⁾
Net revenues	$	657,884		$	782,349		(15.9	)%	$	696,418		(5.5	%)
Operating income	$	158,857		$	235,330		(32.5	)%	$	204,227		(22.2	%)
Operating margin	24.1		%	30.1		%	(600 bps)		29.3		%	(520 bps)
AB Holding Diluted EPU	$	0.49		$	0.73		(32.9	)%	$	0.64		(23.4	%)
AB Holding cash distribution per Unit	$	0.49		$	0.73		(32.9	)%	$	0.64		(23.4	%)

(US $ Billions)
Assets Under Management
Ending AUM	$	554.7		$	549.5		0.9	%	$	516.4		7.4	%
Average AUM	$	539.2		$	557.1		(3.2	%)	$	532.5		1.3	%

(1) The adjusted financial measures are all non-GAAP financial measures. See page 11 for reconciliations of GAAP Financial Results to Adjusted Financial Results and pages 12-13 for notes describing the adjustments.



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The following information was filed by Alliancebernstein L.P. on Thursday, April 25, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Material Contracts, Statements, Certifications & more

Alliancebernstein L.P. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

CIK: 1109448
Form Type: 10-Q Quarterly Report
Accession Number: 0001109448-19-000043
Submitted to the SEC: Thu Jul 25 2019 6:57:41 AM EST
Accepted by the SEC: Thu Jul 25 2019
Period: Sunday, June 30, 2019
Industry: Investment Advice

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