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

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Alliancebernstein Holding L.P.
Ticker: AB CIK: 825313



	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 SECOND QUARTER RESULTS

GAAP Diluted Net Income of $0.54 per Unit

Adjusted Diluted Net Income of $0.56 per Unit

Cash Distribution of $0.56 per Unit

New York, NY, July 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 June 30, 2019.

"Our second quarter results continue to reflect momentum in several areas of our business," said Seth P. Bernstein, President and CEO of AllianceBernstein. "Total firmwide net inflows of $9.5 billion were positive for a fourth straight quarter and were driven by $10.2 billion of active net inflows. Year-to-date active net inflows of $12.3 billion translates to a 5.4% annualized organic growth rate and is our best first half in more than a decade."



(US $ Thousands except per Unit amounts)	2Q 2019			2Q 2018			2Q 2019 vs 2Q 2018 % Change		1Q 2019			2Q 2019 vs. 1Q 2019 % Change

U.S. GAAP Financial Measures
Net revenues	$	857,799		$	844,738		1.5	%	$	795,462		7.8	%
Operating income	$	184,220		$	189,464		(2.8	)%	$	168,151		9.6	%
Operating margin	20.6		%	22.4		%	(180 bps)		19.9		%	70 bps
AB Holding Diluted EPU	$	0.54		$	0.59		(8.5	)%	$	0.49		10.2	%

Adjusted Financial Measures ⁽¹⁾
Net revenues	$	714,566		$	719,692		(0.7	)%	$	657,884		8.6	%
Operating income	$	179,685		$	196,744		(8.7	)%	$	158,857		13.1	%
Operating margin	25.1		%	27.3		%	(220 bps)		24.1		%	100 bps
AB Holding Diluted EPU	$	0.56		$	0.62		(9.7	)%	$	0.49		14.3	%
AB Holding cash distribution per Unit	$	0.56		$	0.62		(9.7	)%	$	0.49		14.3	%

(US $ Billions)
Assets Under Management
Ending AUM	$	580.8		$	539.8		7.6	%	$	554.7		4.7	%
Average AUM	$	565.9		$	542.2		4.4	%	$	539.2		5.0	%

(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 Holding L.P. (AB) on Thursday, July 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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