Inter Parfums, Inc. (NASDAQ:IPAR) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Karin Daly - IR Jean Madar - Co-Founder, Chairman & CEO Conference Call Participants Linda Bolton-Weiser - D.A. Davidson & Co. Ashley Helgans - Jefferies Korinne Wolfmeyer - Piper Sandler & Co. Hamed Khorsand - BWS Financial Operator Greetings, and welcome to the Inter Parfums Inc. Third Quarter 2023 Conference Call and Webcast. [Operator Instructions]. As a reminder, this conference is being ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2023. OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ___________to ________. Commission File No. 0-16469 INTER PARFUMS, INC. (Exact name of registrant as specified in its charter) | Delaware | 13-3275609 | ...

Inter Parfums, Inc. (NASDAQ:IPAR) Q2 2023 Earnings Conference Call August 9, 2023 11:00 AM ET Company Participants Karin Daly - VP, Equity Group, IR Jean Madar - Chairman and CEO Michel Atwood - CFO Conference Call Participants Ashley Helgans - Jefferies Korinne Wolfmeyer - Piper Sandler Hamed Khorsand - BWS Financial Linda Bolton-Weiser - D.A. Davidson Operator Greetings and welcome to the Inter Parfums 2023 Second Quarter Earnings Conference Call and Webcast. At this time, all participants are in a listen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2023. OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ___________to ________. Commission File No. 0-16469 INTER PARFUMS, INC. (Exact name of registrant as specified in its charter) Delaware 13-3275609 (State or o ...

Inter Parfums, Inc. (NASDAQ:IPAR) Q1 2023 Earnings Conference Call May 9, 2023 11:00 AM ET Company Participants Karin Daly - Vice President, Equity Group, IR Jean Madar - Chairman and CEO Michel Atwood - Chief Financial Officer Conference Call Participants Linda Bolton-Weiser - D.A. Davidson Sydney Wagner - Jefferies Korinne Wolfmeyer - Piper Sandler Hamed Khorsand - BWS Financial Operator Greetings. And welcome to the Inter Parfums First Quarter 2023 Conference Call and Webcast. At this time, all participa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2023. OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ___________to ________. Commission File No. 0-16469 INTER PARFUMS, INC. (Exact name of registrant as specified in its charter) | (State or other jurisdiction ...

Inter Parfums, Inc. (NASDAQ:IPAR) Q4 2022 Earnings Conference Call March 1, 2023 11:00 AM ET Company Participants Karin Daly - IR Jean Madar - Chairman, CEO & Co-Founder Michel Atwood - CFO & Director Conference Call Participants Linda Bolton-Weiser - D.A. Davidson & Co. Korinne Wolfmeyer - Piper Sandler & Co. Hamed Khorsand - BWS Financial Operator Greetings, and welcome to the Inter Parfums 2022 Fourth Quarter and Year-end Conference Call and Webcast. At this time, all participants are in a listen-only m ...

Sales Performance - European based fragrance product sales represented approximately 68%, 75%, and 78% of net sales for 2022, 2021, and 2020, respectively[266]. - United States operations represented 32%, 25%, and 22% of net sales in 2022, 2021, and 2020, respectively[267]. - Total net sales for 2022 reached $1,086.7 million, a 24% increase from $879.6 million in 2021, with European based product sales growing by 12% and United States based product sales increasing by 58%[296]. - North America achieved a sales growth of 22% in 2022 compared to 2021, while Western Europe and Asia grew by 28% and 19%, respectively[302]. Brand Contributions - The largest brands contributed the following percentages to net sales in 2022: Montblanc 18%, Jimmy Choo 18%, Coach 15%, and GUESS 12%[269]. New Product Launches - The company plans to launch new fragrances under the Donna Karan and DKNY brands in 2024, following a long-term global licensing agreement[282]. - The company anticipates a solid line-up of new product launches in 2023, including the Moncler Collection and GUESS Uomo Acqua, with expectations for continued growth despite inflation and supply chain challenges[300]. Financial Performance - Gross profit margin for European operations was 68.2% in 2022, up from 66.6% in 2021, while the United States operations saw a gross profit margin of 54.7%, an increase from 53.1% in 2021[303][305]. - Operating margins improved to 17.9% in 2022, up from 16.8% in 2021, reflecting better sales performance and cost management[312]. - Net income attributable to European operations was $107.3 million in 2022, up from $80.7 million in 2021, while net income from U.S. operations increased to $43.7 million from $29.4 million in the same period[322]. Expenses - Selling, general and administrative expenses for European operations were $358.3 million in 2022, representing 48.2% of net sales, while U.S. operations reported $134.0 million, or 39.1% of net sales[308]. - Promotion and advertising expenses totaled $212.4 million in 2022, accounting for 19.5% of net sales, consistent with the previous year[309]. - Royalty expenses increased to $87.0 million in 2022, representing 8.0% of net sales, driven by new licenses and increased royalty-based product sales[310]. Cash Flow and Liquidity - Cash provided by operating activities was $115.2 million in 2022, with working capital aggregating $443 million and a working capital ratio of 2.3 to 1[331][325]. - The company has $256 million in cash, cash equivalents, and short-term investments as of December 31, 2022, with no liquidity issues expected[324]. - Cash dividends paid in 2022 totaled $79.8 million, reflecting a 100% increase in the annual dividend to $2.00 per share authorized in February 2022[341]. Risk Management - The company has implemented a risk management program to address foreign currency exchange rate fluctuations, primarily using forward exchange contracts[273]. - The company employs a controlled risk management program primarily using derivative financial instruments to address financial exposures[345]. - The company believes the risk of loss due to nonperformance by financial institutions related to foreign currency contracts is remote[347]. - Interest rate risk is managed by monitoring interest rates and determining whether to swap fixed interest rates for floating rate debt or vice versa[348]. Acquisitions and Investments - In December 2022, the company closed a transaction with Lacoste for an exclusive worldwide license for perfumes and cosmetics, effective January 2024 for 15 years[276]. - The acquisition of the future headquarters in Paris was financed by a 10-year €120 million (approximately $128.0 million) bank loan[286]. - The company entered into a $53.3 million (€50 million) loan agreement in December 2022 to finance the acquisition of the Lacoste trademark, with a maximum interest rate of 2% per annum[335]. Inventory and Supply Chain - Inventory levels increased by 49% from year-end 2021, with inventory days on hand rising to 231 days in 2022[331]. - Supply chain disruptions are expected to continue affecting operations through at least the first half of 2023 due to the COVID-19 pandemic[275]. Impairments and Adjustments - The company took a $6.8 million impairment charge on the Rochas fashion trademark in Q4 2022 after an independent valuation[283]. - The company reported that if estimates for sales returns and allowances were adjusted by 5%, gross profit could have varied by approximately $0.8 million, impacting net income by $0.5 million[295]. - The company recognized a loss of $1.9 million in 2022 from foreign currency exchange contracts, a significant change from a gain of $2.3 million in 2021[314]. ERP Transition - The company has transitioned to a new ERP system for U.S. operations, aimed at improving efficiency and scalability for new brands[300].

Inter Parfums, Inc. (NASDAQ:IPAR) Q3 2022 Earnings Conference Call November 10, 2022 11:00 AM ET Company Participants Karin Daly – Investor Relations, The Equity Group Jean Madar – Chairman and Chief Executive Officer Michel Atwood – Chief Financial Officer Conference Call Participants Linda Bolton-Weiser – D.A. Davidson Kurt Anderson – Jefferies Hamed Khorsand – BWS Financial Korinne Wolfmeyer – Piper Sandler Operator Greetings, and welcome to the Inter Parfums Third Quarter 2022 Conference Call and Webcas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2022. OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ___________to ________. Commission File No. 0-16469 INTER PARFUMS, INC. (Exact name of registrant as specified in its charter) | Delaware | 13-3275609 | ...