Company: IPAR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001753926-25-001703
Chunk: 57

Company: INTERPARFUMS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 7
Chunk 57
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 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 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 nine months ended September 30, 2025 and 2024. Net profit margins attributable to Interparfums, Inc. for the nine months ended September 30, 2025 and