Inter Parfums reports record 2023 sales $1.32B, EPS $4.75; ups dividend 20%

INTERPARFUMS INC

2023-FY EPS reported $4.75 revenue$1,317,700,000

Full-year net sales $1.318B (+21% YoY); diluted EPS $4.75 (+26% from $3.78).
Q4 net sales $329M (+6%); diluted EPS $0.32 (-37% vs $0.52) due to $3.1M tax assessment.
2024 guidance reaffirmed: net sales $1.45B, EPS $5.15 (10% and 8% YoY increases).
Board increases annual cash dividend 20% to $3.00; Q1 payment $0.75 on March 29, 2024.
2024 share buyback authorized up to 130,000 shares; 116,860 shares repurchased in 2023.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

INTERPARFUMS INC reported fourth quarter and full year ended December 31, 2023 results: revenue $329 million (Q4) and $1,318 million (FY), net income $10 million (Q4) and $153 million (FY), EPS diluted EPS $0.32 (Q4) and $4.75 (FY).

Period: fourth quarter and full year ended December 31, 2023
Revenue: $329 million (Q4) and $1,318 million (FY)
Net income: $10 million (Q4) and $153 million (FY)
EPS: diluted EPS $0.32 (Q4) and $4.75 (FY)
Result: reported results

Exact text from the filing

EPS $0.32 $0.52 (37%) $4.75 $3.78 26% At comparable foreign currency exchange rates, consolidated net sales for the three months and year ended December 31, 2023, increased 4% and 20%, respectively, compared to the same periods in 2022. Of note, the average dollar/euro exchange rate for the 2023 fourth quarter was 1.08 compared to 1.02 in the fourth

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

INTERPARFUMS INC reported fiscal year 2024 results: revenue $1.45 billion, EPS diluted EPS of $5.15. Guidance reaffirmed.

Period: fiscal year 2024
Revenue: $1.45 billion
EPS: diluted EPS of $5.15
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

we are reaffirming our 2024 guidance, which calls for net sales of $1.45 billion, resulting in earnings per diluted share of $5.15.

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Source: SEC EDGAR

accession 0001753926-24-000400

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