Company: IPAR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001753926-25-001236
Chunk: 56

Company: INTERPARFUMS INC
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 7
Chunk 56
---
9% for the six months ended June 30, 2025 and 2024, respectively. The effective tax rate for European based operations was 25.4% and 25.0% for the six months ended June 30, 2025 and 2024, respectively, while the effective tax rate for United States based operations was 18.8% for the six months ended June 30, 2025, as compared to 19.9% for the corresponding period of the prior year. Our effective tax rate for United States based operations 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.

Page 22

INTERPARFUMS, INC. AND SUBSIDIARIES
Net Income

Three Months Ended

Six Months Ended

    (In thousands)

June 30,

June 30,

2025

2024

2025

2024

Net income attributable to European based operations
 
$
32,745

$
33,187

$
80,864

$
78,127

Net income attributable to United States based operations

9,555

15,225

18,223

24,752

Eliminations

(1,103
)

(1,814
)

(2,487
)

(2,978
)

Net income

41,197

46,598

96,600

99,901

Less: Net income attributable to the noncontrolling interest

9,209

9,775

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