July 26, 2016 7:30 PM ET

Personal Products

Company Overview of Inter Parfums Inc.

Company Overview

Inter Parfums, Inc., together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products worldwide. It offers its fragrance and cosmetic products under the Balmain, Boucheron, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T. Dupont, Repetto, Van Cleef & Arpels, Abercrombie & Fitch, Agent Provocateur, Rochas, Anna Sui, Banana Republic, bebe, Coach, Dunhill, French Connection, Gap, Hollister, Oscar de la Renta, and Shanghai Tang brands. It markets and sells its products to department stores, perfumeries, specialty retailers, mass market retailers, supermarkets, domestic and international wholesalers, and distributors. The c...

551 Fifth Avenue

New York, NY 10176

United States

Founded in 1985

311 Employees

Phone:

212-983-2640

Fax:

212-983-4197

Key Executives for Inter Parfums Inc.

Co-Founder, Chairman, Chief Executive Officer and Director General of Inter Parfums SA
Age: 55
Total Annual Compensation: $630.0K
Co-Founder, Vice Chairman, President, Chairman of Inter Parfums SA, Chief Executive Officer of Inter Parfums SA and President of Inter Parfums Inc
Age: 57
Total Annual Compensation: $811.5K
Chief Financial Officer, Chief Accounting Officer, Executive Vice President and Director
Age: 59
Total Annual Compensation: $620.0K
Director, Chief Financial Officer of Interparfums SA and Executive Vice President of Interparfums SA
Age: 54
Total Annual Compensation: $643.6K
Director of the Luxury & Fashion Division for Interparfums SA
Age: 56
Total Annual Compensation: $643.6K
Compensation as of Fiscal Year 2015.

Inter Parfums Inc. Key Developments

Inter Parfums, Inc. Announces Consolidated Sales Results for the Second Quarter and Six Months Ended June 30, 2016; Reaffirms Earnings Guidance for the Year 2016

Inter Parfums Inc. announced consolidated sales results for the second quarter and six months ended June 30, 2016. For the quarter, the company's net sales were increased 14.8% to $117.2 million as compared to $102.0 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated second quarter net sales increased 14.2%. For the six months, the company's net sales were $228.7 million compared with $211.3 million a year ago. The growth in sales reflects the exceptional performance of Montblanc and Jimmy Choo fragrances and the successful integration of Rochas fragrances, acquired in 2015. The company still expects to achieve 2016 net sales of between $500 million to $510 million. As previously reported, its 2016 results include the effect of a pending settlement of a $1.9 million tax assessment with the French Tax Authorities. Excluding the impact of the nonrecurring tax settlement, net income attributable to the company is expected to be in the range of $1.05 and $1.10 per diluted share. Inclusive of the tax settlement, net income attributable to the company is expected to come in between $1.01 and $1.06 per diluted share.

Inter Parfums Inc. Announces Quarterly Cash Dividend, Payable on July 15, 2016

Inter Parfums Inc. announced regular quarterly cash dividend of $0.15 per share will be paid on July 15, 2016 to shareholders of record on June 30, 2016.

Inter Parfums Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for the Full Year 2016

Inter Parfums Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net sales were $111.5 million, up 2% from $109.2 million for the same period last year. Operating income was $17.5 million compared to $21.1 million for the same period last year. Net income attributable to Inter Parfums Inc. was $7.3 million or $0.24 per diluted share compared to $10.0 million or $0.32 per diluted share for the same period last year. Income before income taxes was $17.2 million compared to $20.1 million for the same period last year. Net income was $9.45 million compared to $13.3 million for the same period last year. Adjusted net income attributable to Inter Parfums Inc. was $8.7 million or $0.28 per diluted share compared to $10.0 million or $0.32 per diluted share for the same period last year. The company provided earnings guidance for the full year 2016. For the full year 2016, the company expects net sales to be in the range of $500 million to $510 million. Excluding the impact of the nonrecurring tax settlement, net income attributable to Inter Parfums Inc. goal of between $1.05 and $1.10 per diluted share; however inclusive of the tax settlement, net income attributable to Inter Parfums Inc. to come in between $1.01 and $1.06 per diluted share.

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