| Information on our operations by segments is as follows: |
Information on the Company’s operations by segments is as follows:
|
|
Three Months Ended March 31, 2026 |
|
|
|
United States
based operations
|
|
|
European
based operations
|
|
|
Total |
|
| Net sales |
|
$ |
96,136 |
|
|
$ |
252,217 |
|
|
$ |
348,353 |
|
| Eliminations (a) |
|
|
— |
|
|
|
(3,468 |
) |
|
|
(3,468 |
) |
|
|
|
96,136 |
|
|
|
248,749 |
|
|
|
344,885 |
|
| Less: (b) |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of sales |
|
|
39,487 |
|
|
|
82,120 |
|
|
|
|
|
| Eliminations (a) |
|
|
— |
|
|
|
(1,361 |
) |
|
|
|
|
| Segment gross margin |
|
|
56,649 |
|
|
|
167,990 |
|
|
|
224,639 |
|
| Less: (b) |
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising and Promotion |
|
|
14,916 |
|
|
|
36,661 |
|
|
|
|
|
| Employee related costs |
|
|
13,494 |
|
|
|
19,867 |
|
|
|
|
|
| Royalties |
|
|
8,454 |
|
|
|
23,452 |
|
|
|
|
|
| Other segment items (c) |
|
|
9,190 |
|
|
|
24,471 |
|
|
|
|
|
| Segment income from operations |
|
$ |
10,595 |
|
|
$ |
63,539 |
|
|
$ |
74,134 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense
|
|
|
|
|
|
|
|
|
|
|
1,434 |
|
| Loss on foreign currency |
|
|
|
|
|
|
|
|
|
|
102 |
|
| Interest and investment income |
|
|
|
|
|
|
|
|
|
|
(2,318 |
) |
| Other income |
|
|
|
|
|
|
|
|
|
|
(290 |
) |
| Income before income taxes |
|
|
|
|
|
|
|
|
|
$ |
75,206 |
|
|
|
Three Months Ended March 31, 2025 |
|
|
|
United States
based operations
|
|
|
European
based operations
|
|
|
Total |
|
| Net sales |
|
$ |
94,345 |
|
|
$ |
247,826 |
|
|
$ |
342,171 |
|
| Eliminations (a) |
|
|
— |
|
|
|
(3,352 |
) |
|
|
(3,352 |
) |
|
|
|
94,345 |
|
|
|
244,474 |
|
|
|
338,819 |
|
| Less: (b) |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of sales |
|
|
38,966 |
|
|
|
85,382 |
|
|
|
|
|
| Eliminations (a) |
|
|
— |
|
|
|
(1,506 |
) |
|
|
|
|
| Segment gross margin |
|
|
55,379 |
|
|
|
160,598 |
|
|
|
215,977 |
|
| Less: (b) |
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising and Promotion |
|
|
15,388 |
|
|
|
36,140 |
|
|
|
|
|
| Employee related costs |
|
|
13,865 |
|
|
|
18,188 |
|
|
|
|
|
| Royalties |
|
|
7,038 |
|
|
|
21,023 |
|
|
|
|
|
| Other segment items (c) |
|
|
8,627 |
|
|
|
20,631 |
|
|
|
|
|
| Segment income from operations |
|
$ |
10,461 |
|
|
$ |
64,616 |
|
|
$ |
75,077 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense
|
|
|
|
|
|
|
|
|
|
|
1,545 |
|
| Loss on foreign currency |
|
|
|
|
|
|
|
|
|
|
781 |
|
| Interest and investment loss (income) |
|
|
|
|
|
|
|
|
|
|
(581 |
) |
| Other expense (income) |
|
|
|
|
|
|
|
|
|
|
(79 |
) |
| Income before income taxes |
|
|
|
|
|
|
|
|
|
$ |
73,411 |
|
| (a) |
Eliminations of intercompany sales relate to European based operations products sold to United States based operations.
|
| (b) |
The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
|
| (c) |
Other segment items for each reportable segment include expenses for professional services, travel and entertainment, rent, warehousing, shipping, depreciation and amortization, and other selling, general and administrative costs. |
Other segment disclosures:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
|
2025 |
|
| Net income attributable to Interparfums, Inc.: |
|
|
|
|
|
|
|
|
| United States |
|
$ |
8,422 |
|
|
$ |
8,668 |
|
| Europe |
|
|
36,524 |
|
|
|
35,209 |
|
| Eliminations |
|
|
(1,580 |
) |
|
|
(1,385 |
) |
|
|
$ |
43,366 |
|
|
$ |
42,492 |
|
| Depreciation and amortization expense: |
|
|
|
|
|
|
|
|
| United States |
|
$ |
1,478 |
|
|
$ |
1,680 |
|
| Europe |
|
|
4,321 |
|
|
|
4,247 |
|
|
|
$ |
5,799 |
|
|
$ |
5,927 |
|
| Interest and investment (income) loss: |
|
|
|
|
|
|
|
|
| United States |
|
$ |
365 |
|
|
$ |
232 |
|
| Europe |
|
|
1,953 |
|
|
|
349 |
|
|
|
$ |
2,318 |
|
|
$ |
581 |
|
| Interest expense: |
|
|
|
|
|
|
|
|
| United States |
|
$ |
116 |
|
|
$ |
210 |
|
| Europe |
|
|
1,318 |
|
|
|
1,335 |
|
|
|
$ |
1,434 |
|
|
$ |
1,545 |
|
| Income tax expense: |
|
|
|
|
|
|
|
|
| United States |
|
$ |
1,666 |
|
|
$ |
1,712 |
|
| Europe |
|
|
16,959 |
|
|
|
16,449 |
|
| Eliminations |
|
|
(122 |
) |
|
|
(153 |
) |
|
|
$ |
18,503 |
|
|
$ |
18,008 |
|
| Additions to long-lived assets(a): |
|
|
|
|
|
|
|
|
| United States |
|
$ |
1,408
|
|
|
$ |
170 |
|
| Europe |
|
|
1,730 |
|
|
|
23,765 |
|
|
|
$ |
3,138 |
|
|
$ |
23,935 |
|
(a) Total long-lived assets include property, equipment and leasehold improvements, trademarks, licenses, and other intangible assets, and right-of-use assets.
| |
|
March 31, |
|
|
December 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Total Assets: |
|
|
|
|
|
|
|
|
| United States |
|
$ |
345,267 |
|
|
$ |
369,871 |
|
| Europe |
|
|
1,212,956 |
|
|
|
1,229,174 |
|
| Eliminations |
|
|
(15,440 |
) |
|
|
(13,797 |
) |
|
|
|
$ |
1,542,783 |
|
|
$ |
1,585,248 |
|
|