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Alliancebernstein Holding L.P. (AB) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Alliancebernstein Holding L.P.

CIK: 825313 Ticker: AB
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Hallie Elsner, Investors
212.969.6943
hallie.elsner@alliancebernstein.com
                       

Jen Will, Media
212.969.1157
jen.will@alliancebernstein.com
                       



ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES FIRST QUARTER RESULTS
GAAP Diluted Net Income of $0.49 per Unit
Adjusted Diluted Net Income of $0.49 per Unit
Cash Distribution of $0.49 per Unit

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.



www.alliancebernstein.com
 
1 of 13

The following information was filed by Alliancebernstein Holding L.P. (AB) 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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Alliancebernstein Holding L.P.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Inside Alliancebernstein Holding L.P.'s 10-Q Quarterly Report:
Ticker: AB
CIK: 825313
Form Type: 10-Q Quarterly Report
Accession Number: 0000825313-19-000044
Submitted to the SEC: Thu Jul 25 2019 2:54:04 AM EST
Accepted by the SEC: Thu Jul 25 2019
Period: Sunday, June 30, 2019
Industry: Investment Advice

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