NASDAQ$IPAR

Inter Parfums Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Inter Parfums reported an increase in net sales and diluted EPS.

Inter Parfums, Inc. reported a 5.6% increase in net sales and an 11.1% increase in diluted EPS for the fourth quarter of 2019. Net income attributable to Inter Parfums, Inc. increased by 12.0%.

  • Net sales increased by 5.6% to $713.5 million.
  • Net income attributable to Inter Parfums, Inc. increased 12.0% to $60.2 million.
  • Net income per diluted share rose 11.1% to $1.90.
  • North America sales increased by 11.4%.

Headline financials

Total Revenue

$178M

Previous: $177M+0.3%
EPS (adj)

$0.26

Previous: $0.26+0.0%
Avg Dollar/Euro Rate

1.11

Previous: 1.14-2.6%
Gross Margin

62.5%

Previous: 63.3%-1.3%
Capital Expenditures

$700K

Previous: $1.08M-35.4%
Free Cash Flow

$69M

Previous: $65.7M+5.1%
Net Income

$60.2M

Previous: $8.05M+648.1%
Operating Income

$12.3M

Previous: $10.6M+16.5%
Gross Profit

$115M

Previous: $117M-2.1%
Cash & Equivalents

$253M

Previous: $193M+31.0%
Total Assets

$389M

Previous: $798M-51.2%
Stock-Based Comp

$659K

Previous: $638K+3.3%

Revenue & EPS history

Inter Parfums · Revenue · Quarterly

$178M

Q4 2019+0.3%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company expects 2020 net sales and net income attributable to Inter Parfums, Inc. to be in line with 2019 results if the impact of the coronavirus is limited to the first few months of the year.

Tailwinds

  • Fundamentals of the business remain strong.
  • Geographic rollouts of products debuted at the end of last year continued during the first quarter.
  • 2020 launch program has begun.
  • New women’s scent for Montblanc coming to market later this spring.
  • First fragrance collection under the Graff label debuts in Harrod’s for a six-month exclusive starting in the spring.

Headwinds

  • Business is being impacted by the coronavirus.
  • Significant decline in air travel and consumer traffic in key shopping and tourist areas.
  • Delay of certain launches to later in the year.
  • Many unknowns as to the duration and severity of the coronavirus situation.
  • Business challenges change daily, as the track of the virus is unknown, making it very difficult to precisely estimate the impact.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-1.1%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-1.3%

Avg return

30 days after

37%

24 / 65 earnings

Positive

+19.2%

Q3 2020

Best reaction

-13.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%+5.3%-1.0%
Q4 2025-4.5%-3.7%-12.1%
Q3 2025-4.0%-3.9%-9.3%
Q1 2025+8.8%+7.8%+23.8%
Q4 2024+3.9%-2.9%-15.7%
Q3 2024-0.5%+1.9%+7.9%
Q2 2024+3.7%+2.4%-4.4%
Q1 2024-1.1%+1.9%+0.2%
Q4 2023-4.8%-4.5%-7.8%
Q3 2023+0.1%-4.2%+3.6%
Q2 2023-9.2%-9.7%-11.1%
Q1 2023-12.0%-10.3%-11.9%
Q4 2022+9.3%+16.5%+18.2%
Q3 2022-1.7%+2.4%+15.2%
Q2 2022-5.4%-3.4%-8.7%
Q1 2022-13.1%-7.5%-10.4%
Q4 2021-1.7%-7.3%-5.2%
Q3 2021-0.9%-2.0%+0.5%
Q2 2021-2.2%-6.7%-7.4%
Q1 2021-5.7%+1.0%+2.8%
Q4 2020-1.4%-2.3%-3.1%
Q3 2020+19.2%+16.6%+21.8%
Q2 2020+0.7%+4.3%-6.5%
Q1 2020-6.3%-11.5%+6.9%
Q4 2019-4.4%-6.2%-32.9%
Q3 2019+0.2%-1.1%-8.3%
Q2 2019-1.6%-1.0%-4.9%
Q1 2019-5.2%-5.2%-10.6%
Q4 2018+4.3%+4.0%+1.3%
Q3 2018+2.1%+1.7%-1.6%
Q2 2018+3.2%-0.8%+4.4%
Q1 2018-7.3%-5.1%+5.6%
Q4 2017-0.5%+2.9%+0.2%
Q3 2017-1.3%-1.5%+0.7%
Q2 2017+0.9%-0.9%+2.5%
Q1 2017-3.1%-4.1%-8.1%
Q4 2016+3.6%+8.9%+2.0%
Q3 2016+2.1%+3.0%+13.2%
Q2 2016+0.4%+1.2%-1.7%
Q1 2016-6.3%
Q4 2015-1.5%
Q3 2015+1.2%
Q2 2015-8.3%
Q1 2015+4.7%
Q4 2014+7.3%
Q3 2014-0.3%
Q2 2014+5.2%
Q1 2014-10.1%
Q4 2013-3.1%
Q3 2013-1.7%
Q2 2013-6.6%
Q1 2013+1.2%
Q4 2012-5.9%
Q4 2009-5.9%
Q3 2012-4.5%
Q2 2012+2.8%
Q1 2011+1.1%
Q1 2012-0.6%
Q4 2011-0.6%
Q3 2010-0.4%
Q3 2011-0.4%
Q2 2010-4.5%
Q4 2010-4.5%
Q2 2011-4.5%
Q1 2010+9.1%

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