Inter Parfums, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 03:05 am IST
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Inter Parfums, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 367.97 million compared to USD 280.46 million a year ago. Net income was USD 53.21 million compared to USD 41.42 million a year ago. Basic earnings per share from continuing operations was USD 1.66 compared to USD 1.3 a year ago. Diluted earnings per share from continuing operations was USD 1.66 compared to USD 1.3 a year ago.
For the nine months, sales was USD 988.94 million compared to USD 775.87 million a year ago. Net income was USD 142.23 million compared to USD 104.34 million a year ago. Basic earnings per share from continuing operations was USD 4.44 compared to USD 3.28 a year ago. Diluted earnings per share from continuing operations was USD 4.42 compared to USD 3.26 a year ago.
Inter Parfums, Inc. manufactures, markets and distributes a range of fragrance and fragrance related products. The Company has two segments. The Company produces and distributes its fragrance products under license agreements with brand owners, and fragrance product sales through its European based operations segment. It has built a portfolio of brands, which include Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T. Dupont, and Van Cleef & Arpels, whose products are distributed in approximately 120 countries around the world. Its brand fragrance products are also produced and marketed through its United States based operations. These fragrance products are sold under trademarks owned by the Company or pursuant to license or other agreements with the owners of brands, which include Abercrombie & Fitch, Anna Sui, Donna Karan, DKNY, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, and Ungaro.
INTER PARFUMS, INC. 
