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Inter Parfums Q1 profit climbs 40.0% YOY

Inter Parfums Inc. said its normalized net income for the first quarter came to 39 cents per share, compared with the S&P Capital IQ consensus estimate of 37 cents per share.

EPS increased 39.4% year over year from 28 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $12.1 million, a gain of 40.0% from $8.6 million in the prior-year period.

The normalized profit margin climbed to 8.5% from 7.7% in the year-earlier period.

Total revenue grew 28.3% on an annual basis to $143.1 million from $111.5 million, and total operating expenses grew 24.4% on an annual basis to $116.9 million from $94.0 million.

Reported net income increased 80.0% on an annual basis to $13.4 million, or 43 cents per share, from $7.5 million, or 24 cents per share.