Company: IPAR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001753926-25-001236
Chunk: 11

Company: INTERPARFUMS INC
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 11
---
,775

22,120

22,030

Net income attributable to Interparfums, Inc.
 
$
31,988

$
36,823

$
74,480

$
77,871

Net income attributable to Interparfums, Inc. was $32.0 million and $74.5 million for the three and six months ended June 30, 2025, respectively, as compared to $36.8 million and $77.9 million for the corresponding period of the prior year.

Net income attributable to European based operations was $32.7 million and $80.9 million for the three and six months ended June 30, 2025, as compared to $33.2 million and $78.1 million for the corresponding periods of the prior year, while net income attributable to United States based operations was $9.6 million and $18.2 million the three and six months ended June 30, 2025, as compared to $15.2 million and $24.8 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 related to the previous discussions pertaining to changes in sales, gross margin, and selling, general and administrative expenses.

The noncontrolling interest arises from our 72% owned subsidiary in Paris, Interparfums SA, which is also a publicly traded company as 28% of Interparfums SA shares trade on the Euronext. Net income attributable to the noncontrolling interest is directly related to the profitability of our European based operations and aggregated 28% of European based operations net income for both the six months ended June 30, 2025 and 2024. Net profit margins attributable to Interparfums, Inc. for the six months ended June 30, 2025 and 2024 aggregated 11.1% and 11.7%, respectively.

Liquidity and Capital Resources

Our conservative financial tradition has enabled us to amass significant cash balances. As of June 30, 2025, we had $205.4 million in cash, cash equivalents and short-term investments, the majority of which are held in euro by our European based operations and is readily convertible into U.S. dollars. We have not experienced any liquidity issues to date, and do not expect any liquidity issues relating to such cash and cash equivalents and short-term investments