pf

Inter Parfums Releases Q4 Results, Raises Dividends

Contact Author
Close
Fill out my online form.

Inter Parfums, Inc. reported its results for the fourth quarter and year ending December 31, 2015. While net sales declined 6.2% for the full year, net income attributable to the company went from $0.95 per share to $0.98.

The full results are listed below:

  • Sales by U.S. based operations were $29.7 million, down 5.8% from $31.5 million;
  • Net sales declined 5.4% to $118.3 million from $125.1 million; at comparable foreign currency exchange rates, net sales increased 1.0%;
  • European based operations generated net sales of $88.6 million, down 5.3% from $93.6 million;
  • Gross margin was 64.0% of net sales compared to 59.4%;
  • S,G&A expense as a percentage of net sales was 60.4% compared to 55.9%
  • Operating income was $4.3 million compared to $4.4 million and represented 3.6% of net sales in both periods;
  • Net income attributable to Inter Parfums, Inc. was $1.9 million or $0.06 per diluted share versus $3.3 million or $0.11 per diluted share.