Inter Parfums to Pay Higher Dividends


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

The full results are listed below:

  • 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;
  • Sales by U.S. based operations were $29.7 million, down 5.8% from $31.5 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; and
  • 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.
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