$IPAR

INTER PARFUMS INC

CIK:0000822663|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 341,037	$ 333,936	$ 685,922	$ 672,755
Cost of sales	117,512	112,847	237,758	235,689
Gross margin	223,525	221,089	448,164	437,066
Selling, general and administrative expenses	174,584	161,913	325,089	302,813
Income from operations	48,941	59,176	123,075	134,253
Other expenses (income):
Interest expense	1,457	1,787	2,891	3,332
Loss on foreign currency	67	1,580	169	2,360
Interest and investment (income) loss	(690)	1,929	(3,008)	1,349
Other income	(139)	(245)	(429)	(324)
Income before income taxes	48,246	54,125	123,452	127,536
Income taxes	11,364	12,928	29,867	30,936
Net income	36,882	41,197	93,585	96,600
Less: Net income attributable to the noncontrolling interest	6,395	9,209	19,732	22,120
Net income attributable to Interparfums, Inc. common shareholders	$ 30,487	$ 31,988	$ 73,853	$ 74,480
Net income attributable to Interparfums, Inc. common shareholders:
Basic (in dollars per share)	$ 0.95	$ 1	$ 2.31	$ 2.32
Diluted (in dollars per share)	$ 0.95	$ 0.99	$ 2.31	$ 2.32
Weighted average number of shares outstanding:
Basic (in shares)	32,026	32,110	32,027	32,115
Diluted (in shares)	32,026	32,149	32,027	32,162
Dividends declared per share (in dollars per share)	$ 0.8	$ 0.8	$ 1.6	$ 1.6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 93,585	$ 96,600
Adjustments to reconcile net income to net cash used in (provided by) operating activities:
Depreciation and amortization	11,631	12,291
Provision for credit losses	537	108
Share-based compensation	850	946
Share of income of equity investment	(436)	(410)
Noncash lease expense	3,045	3,969
Deferred tax provision	(3,210)	5,821
Change in fair value of derivatives	933	(5,869)
Changes in:
Accounts receivable	10,700	3,637
Inventories	(33,000)	(16,802)
Other assets	(11,906)	(5,631)
Operating lease liabilities	(3,206)	(4,217)
Accounts payable and accrued expenses	(27,586)	(74,044)
Income taxes, net	3,730	(11,889)
Net cash provided by operating activities	45,667	4,510
Cash flows from investing activities:
Purchases of short-term investments	(116,623)	(47,361)
Proceeds from sale of short-term investments	210,100	112,078
Purchases of property, equipment and leasehold improvements	(2,389)	(16,631)
Payment for intangible assets acquired	(2,736)	(23,852)
Net cash provided by investing activities	88,352	24,234
Cash flows from financing activities:
Repayment of loans payable, bank	(6,416)	0
Proceeds from loans payable, bank	0	35,160
Proceeds from issuance of long-term debt	0	54,635
Repayment of long-term debt	(28,529)	(23,795)
Proceeds from exercise of options	280	2,112
Dividends paid	(51,263)	(51,394)
Dividends paid to noncontrolling interest	(28,332)	(26,875)
Other financing activities	(479)	0
Purchase of subsidiary shares from noncontrolling interests	(1,496)	(408)
Purchase of treasury stock	(3,936)	(2,043)
Net cash used in financing activities	(120,171)	(12,608)
Effect of exchange rate changes on cash	(2,235)	9,885
Net increase in cash and cash equivalents	11,613	26,021
Cash and cash equivalents - beginning of period	158,091	125,433
Cash and cash equivalents - end of period	169,704	151,454
Cash paid for:
Interest	2,550	3,031
Income taxes	$ 25,385	$ 37,147

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 169,704	$ 158,091
Short-term investments	41,642	137,093
Accounts receivable, net allowances of $8,412 and $7,224, respectively	301,833	320,625
Inventories	375,584	351,377
Receivables, other	8,963	9,014
Other current assets	49,489	39,954
Income taxes receivable	3,755	11,211
Total current assets	950,970	1,027,365
Property, equipment and leasehold improvements, net	176,170	184,891
Right-of-use assets, net	20,685	23,347
Trademarks, licenses and other intangible assets, net	311,922	325,185
Deferred tax assets	9,848	4,234
Other assets	20,509	20,226
Total assets	1,490,104	1,585,248
Current liabilities:
Loans payable - banks	2,849	9,400
Current portion of long-term debt	46,320	54,774
Current portion of lease liabilities	6,146	6,326
Accounts payable – trade	82,858	77,210
Accrued expenses	146,166	189,622
Income taxes payable	2,986	6,671
Total current liabilities	287,325	344,003
Long–term debt, less current portion	96,524	121,254
Lease liabilities, less current portion	13,075	15,967
Deferred tax liabilities	2,482	0
Total liabilities	399,406	481,224
Interparfums, Inc. shareholders’ equity:
Preferred stock, $.001 par; authorized 1,000,000 shares; none issued and outstanding	0	0
Common stock, $.001 par; authorized 100,000,000 shares; issued 41,104,625 and 41,100,125 and outstanding 32,025,781 and 32,067,285 shares at June 30, 2026 and December 31, 2025, respectively	32	32
Additional paid-in capital	127,652	127,541
Retained earnings	838,588	828,906
Accumulated other comprehensive loss	(25,141)	(9,029)
Treasury stock, at cost, 9,078,844 and 9,032,840 shares at June 30, 2026 and December 31, 2025, respectively	(70,670)	(66,734)
Total Interparfums, Inc. shareholders’ equity	870,461	880,716
Noncontrolling interest	220,237	223,308
Total equity	1,090,698	1,104,024
Total liabilities and equity	$ 1,490,104	$ 1,585,248