Financial Performance - Net income for the three months ended March 31, 2025, was $74,034,000, down from $77,222,000 for the same period in 2024, a decrease of about 4.2%[15] - Comprehensive income for the three months ended March 31, 2025, was $86,805,000, compared to $73,063,000 in Q1 2024, an increase of about 18.8%[18] - Total net income for the three months ended March 31, 2025, was $74.034 million, a decrease of 4.1% from $77.222 million in 2024[46] - Equity in net income attributable to AB unitholders decreased by 4.1%, from $86.281 million in 2024 to $82.753 million in 2025[51] - Total income taxes for the three months ended March 31, 2025, were $8.719 million, a decrease of 3.8% from $9.059 million in 2024[51] Assets and Capital - Total assets decreased from $2,034,632,000 as of December 31, 2024, to $1,997,129,000 as of March 31, 2025, representing a decline of approximately 1.8%[13] - The investment in AB decreased from $2,034,632,000 to $1,996,177,000, a decline of approximately 1.9%[13] - The total partners' capital decreased from $2,031,862,000 as of December 31, 2024, to $1,996,871,000 as of March 31, 2025, a decrease of about 1.7%[13] - Investment in AB as of March 31, 2025, was $1.996 billion, down from $2.034 billion as of December 31, 2024[47] Cash Distributions - Cash distributions to unitholders increased to $116,364,000 in Q1 2025 from $88,566,000 in Q1 2024, reflecting a rise of approximately 31.4%[23] - Cash distributions to unitholders increased by 9.6%, from $0.73 per unit in 2024 to $0.80 per unit in 2025[56] - The General Partner declared a distribution of $0.80 per Unit for the three months ended March 31, 2025, payable on May 22, 2025[39] Operating Activities - Net cash provided by operating activities rose to $115.3 million in 2025, compared to $87.7 million in 2024, primarily due to higher cash distributions received from AB[65] - Total cash paid for repurchases of AB Holding Units was $30.5 million in 2025, significantly higher than $4.3 million in 2024[42] Unit Awards and Repurchases - The number of restricted AB Holding Unit awards granted to employees increased from 0.9 million in 2024 to 1.0 million in 2025[44] - During Q1 2025, AB purchased a total of 813,836 AB Holding Units at an average price of $37.48 per unit[81] - The company retained 114,653 AB Holding Units from employees to meet statutory withholding tax requirements during long-term incentive compensation distribution[81] Market and Risk Factors - AB Holding's cash flow is dependent on quarterly cash distributions from AB, which are influenced by capital market performance[71] - No material changes in market risk were reported for AB Holding in Q1 2025 compared to the previous year[70] - The company has not experienced any material changes to risk factors since the last annual report for the fiscal year ended December 31, 2024[77] - AB Holding's ability to access capital markets may be limited by adverse market conditions and changes in government regulations[71] - Litigation outcomes remain unpredictable, but the company does not expect pending legal proceedings to materially affect its operations[71] Internal Controls and Compensation - No changes in internal control over financial reporting occurred during Q1 2025 that materially affected the company's reporting[74] - The company has determined that adjusted employee compensation expense should not exceed 50% of adjusted net revenues annually[71] Future Plans - The plan for repurchasing AB Holding Units expired on April 23, 2025, with potential for future plans to be adopted[79] - On April 3, 2025, EQH announced a cash tender offer for up to 46,000,000 AB Holding Units at a price of $38.50, totaling an aggregate purchase price of up to $1.8 billion[36] - A total of 19,682,946 AB Holding Units were tendered, equating to a 17.9% economic interest in AB Holding, for an aggregate cost of approximately $757.8 million[36] - The economic interest of EQH and its subsidiaries in AB was approximately 61.9% as of March 31, 2025[32]

Ioanis Jorgali, Investors 629.213.6139 ioanis.jorgali@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES FIRST QUARTER RESULTS GAAP Net Income of $0.67 per Unit Adjusted Net Income of $0.80 per Unit Cash Distribution of $0.80 per Unit Nashville, TN, April 24, 2025 - AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today reported financial and operating results for the quarter ended ...

GAAP Net Income of $0.67 per Unit Adjusted Net Income of $0.80 per Unit Cash Distribution of $0.80 per Unit NASHVILLE, Tenn., April 24, 2025 /PRNewswire/ -- 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, 2025. "Against a tough market backdrop that intensified into the second quarter, all three of our global distribution channels grew organically, totaling $2.7 billion active net inflows ...

Core Viewpoint - The European Medicines Agency (EMA) has granted orphan drug designation to AB8939 for the treatment of acute myeloid leukemia (AML), indicating its potential significant benefit over existing therapies [1][2]. Group 1: Orphan Drug Designation - AB8939 previously received orphan drug designation from the US FDA, and the EU designation is a significant milestone, suggesting that it offers substantial benefits to AML patients [2]. - The criteria for orphan drug designation at EMA are stringent, requiring evidence of significant benefit compared to existing treatments [2][4]. Group 2: Efficacy and Safety Data - Preclinical data from mouse models show that AB8939 provides a significant benefit over current therapies like cytarabine, azacitidine, and venetoclax [3]. - Preliminary efficacy and safety data from Phase 1 trials indicate that AB8939 is effective as a monotherapy with different treatment cycles [3]. - AB8939 demonstrates efficacy against drug-resistant AML cells, with 45% of vincristine-resistant and 66% of cytarabine-resistant cells responding to treatment [4]. Group 3: Mechanism of Action - AB8939 is a synthetic molecule that targets cancer cells by destabilizing microtubules essential for cell division and inhibiting enzymes crucial for cancer stem cell survival [6]. - The chemical name of AB8939 is '1-{4-[2-(5-ethoxymethyl-2-methylphenylamino)-oxazol-5-yl]phenyl}imidazolidin-2-one' [6]. Group 4: Benefits of Orphan Drug Designation - Orphan drug designation in the EU provides various benefits, including scientific advice on product development, access to centralized marketing authorization, and potential financial incentives [8]. - If approved, AB8939 will enjoy 10 years of marketing exclusivity from the date of registration, provided the orphan designation remains valid [8].

I rate AllianceBernstein Holding L.P. (NYSE: AB ) as a Buy, for capital appreciation focused investors who are looking for long-term buy and hold investments. AB will declare Q1 earnings on April 24 th and is widely expectedDavid A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as hedge funds and pri ...

Core Viewpoint - AB Science has received a Notice of Allowance for a US patent covering the use of masitinib in treating sickle cell disease, providing protection until November 2040, which enhances its intellectual property portfolio [1][3]. Company Overview - AB Science is a pharmaceutical company founded in 2001, specializing in the research, development, and commercialization of protein kinase inhibitors (PKIs) targeting diseases with high unmet medical needs [12][13]. Product Development - Masitinib is being developed as a treatment for severe forms of sickle cell disease, which accounts for approximately 65% of cases. The drug targets mast cells, which play a critical role in the disease's complications [3][4]. - The clinical development of masitinib in sickle cell disease is part of the SICKMAST collaborative program, which is funded with €9.2 million and aims to demonstrate efficacy in a phase 2 clinical trial [5]. Medical Need - Sickle cell disease is a significant public health challenge, with around 300,000 children born with the condition annually, potentially rising to 400,000 by 2050. The disease leads to early death and high social burden [6][10]. - Current treatment options do not fully prevent life-threatening complications, highlighting a significant medical need for effective therapies [10]. Scientific Insights - Masitinib has shown survival benefits in preclinical models, with treated mice experiencing no vaso-occlusive crises (VOC) or deaths, indicating its potential effectiveness [4]. - The drug acts as an inhibitor of key kinases involved in mast cell activation, which is crucial for addressing the inflammatory aspects of sickle cell disease [8][9].

NASHVILLE, Tenn., April 9, 2025 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $784 billion during March 2025 from $805 billion at the end of February. Net inflows across all three channels (Institutional, Retail and Private Wealth) were offset by market depreciation during March, resulting in a 2.6% decline in month-end AUM. For the quarter-ended March 2025, preliminary firmwide ...

NASHVILLE, Tenn., April 7, 2025 /PRNewswire/ -- AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that First Quarter 2025 financial and operating results will be released before the market opens on Thursday, April 24, 2025. Management will conduct a teleconference beginning at 9:00 am (CT), to discuss the results. The call will be hosted by Seth Bernstein, President and Chief Executive Officer; Thomas Simeone, Chief Financial Officer; and Onur Erzan, Head of Global Client ...

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Having worked in Risk Management and wearing the Risk lens for close to a decade, my judgment is ofte ...

Core Viewpoint - The comparison between AllianceBernstein (AB) and Carlyle Group (CG) indicates that AB presents a better value opportunity for investors at this time due to stronger earnings estimate revisions and more attractive valuation metrics [1][3][7]. Valuation Metrics - AllianceBernstein has a forward P/E ratio of 10.69, while Carlyle Group has a forward P/E of 10.81 [5]. - The PEG ratio for AB is 0.84, indicating a more favorable expected earnings growth rate compared to CG's PEG ratio of 1.07 [5]. - AB's P/B ratio stands at 2.09, compared to CG's P/B ratio of 2.60, suggesting that AB is more undervalued relative to its book value [6]. Analyst Outlook - AB holds a Zacks Rank of 2 (Buy), reflecting a more positive analyst outlook due to stronger earnings estimate revision activity, while CG has a Zacks Rank of 3 (Hold) [3][7]. - The Value grade for AB is B, indicating it is considered undervalued, whereas CG has a Value grade of C [6].