Company: IPAR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001753926-25-001703
Chunk: 11

Company: INTERPARFUMS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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 differs from the 21% statutory rate in the United States as it is a blended rate across multiple jurisdictions, and takes into account benefits received from the exercise of stock options as well as deductions we are allowed for a portion of our foreign derived intangible income, slightly offset by state and local taxes. Other than as discussed above, we did not experience any significant changes in tax rates, and none were expected in jurisdictions where we operate.

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INTERPARFUMS, INC. AND SUBSIDIARIES

Net Income

Three Months Ended

Nine Months Ended

    (In thousands)

September 30,

September 30,

2025

2024

2025

2024

Net income attributable to European based operations
 
$
63,726

$
54,445

$
144,590

$
132,572

Net income attributable to United States based operations

20,823

24,263

39,046

49,015

Eliminations

(1,270
)

(1,873
)

(3,757
)

(4,851
)

Net income

83,279

76,835

179,879

176,736

Less: Net income attributable to the noncontrolling interest

17,470

14,576

39,590

36,606

Net income attributable to Interparfums, Inc.
 
$
65,809

$
62,259

$
140,289

$
140,130

Net income attributable to Interparfums, Inc. was $65.8 million and $140.3 million for the three and nine months ended September 30, 2025, respectively, as compared to $62.3 million and $140.1 million for the corresponding period of the prior year.

Net income attributable to European based operations was $63.7 million and $144.6 million for the three and nine months ended September 30, 2025, as compared to $54.4 million and $132.6 million for the corresponding periods of the prior year, while net income attributable to United States based operations was $20.8 million and $39.0 million the three and nine months ended September 30, 2025, as compared to $24.3 million and $49.0 million the corresponding periods of the prior year. The significant fluctuations in net income for both European based operations and United States based operations are directly