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Segment and Geographic Areas:
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment and Geographic Areas:
10. Segment and Geographic Areas:

 

The Company manufactures and distributes one product line, fragrances and fragrance related products. The Company manages its business in two segments, European based operations and United States based operations. For European based operations, assets and business operations are primarily conducted in France, and include the results and assets of Interparfums Luxury Brands, Inc., located in the United States. For Unites States based operations, assets and business operations are primarily conducted in the United States, and include the results and assets of Interparfums Italia Srl, located in Italy. Both European based operations and United States based operations primarily represent the sale of prestige brand name fragrances.


Information on our operations by segments is as follows:

 

(In thousands)   Three Months Ended  
Nine Months Ended


September 30,

September 30,
    2024     2023  
2024

2023
Net sales:                







United States   $ 146,101     $ 134,469  
$ 362,059

$ 327,359
Europe     282,481       233,500  

739,454


661,577
Eliminations of intercompany sales     (3,953 )      

(10,692 )


                 







    $ 424,629     $ 367,969  
$ 1,090,821

$ 988,936
                 







Net income attributable to Interparfums, Inc.:                







United States   $ 24,263     $ 20,157  
$ 49,015

$ 46,067
Europe     39,869       33,057  

95,966


96,167
Eliminations     (1,873 )      

(4,851 )


    $ 62,259     $ 53,214  
$ 140,130

$ 142,234

 

Eliminations of intercompany sales relate to European based operations products sold to United States based operations. 


    September 30,     December 31,  
    2024     2023  
Total Assets:                
United States   $ 368,375     $ 344,341  
Europe     1,130,308       1,066,684  
Eliminations     (18,083 )     (41,696 )

 

  $ 1,480,600     $ 1,369,329