Company: IPAR
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001753926-25-000738
Chunk: 25

Company: INTERPARFUMS INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 7
Chunk 25
---

67,973

Other expenses (income):

Interest expense

1,545

1,807

Loss (gain) on foreign currency

781

(905
) 

Interest and investment income

(581
)

(3,020
) 

Other (income) loss

(79
)

38

Nonoperating Income (Expense)

1,666

(2,080
) 

Income before income taxes

73,411

70,053

Income taxes

18,008

16,750

Net income

55,403

53,303

Less:  Net income attributable to the noncontrolling interest

12,911

12,255

Net income attributable to Interparfums, Inc.
 
$
42,492

$
41,048

Earnings per share:

Net income attributable to Interparfums, Inc. common shareholders:

Basic
 
$
1.32

$
1.28

Diluted
 
$
1.32

$
1.27

Weighted average number of shares outstanding: 

Basic

32,121

32,041

Diluted

32,174

32,266

Dividends declared per share
 
$
0.80

$
0.75

See notes to consolidated financial statements.

Page 3   

INTERPARFUMS, INC. AND SUBSIDIARIES
 
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
 (In thousands)
(Unaudited)

Three Months Ended

March 31, 

2025

2024

Comprehensive income:

Net income
 
$
55,403

$
53,303

Other comprehensive income:

Net derivative instrument gain (loss), net of tax 

4,333

(956
) 

Transfer from OCI into earnings 

1,631

64

Pension benefits, net of tax

(50
)

—

Translation adjustments, net of tax 

27,922

(14,582
) 

Comprehensive income

89,239

37,829

Comprehensive income attributable to the noncontrolling interests:

Net income

12,911

12,255

Other comprehensive income:

Net derivative instrument gain (loss), net of tax 

1,191

(228
) 

Pension benefits, net of tax

(14
)

—

Translation adjustments, net of tax

7,274

(5,017
) 

Comprehensive income attributable to the noncontrolling interests

21,362