Inter Parfums, Inc. (NASDAQ:IPAR) Q3 2022 Earnings Conference Call November 10, 2022 11:00 AM ET
Company Participants
Karin Daly – Investor Relations, The Equity Group
Jean Madar – Chairman and Chief Executive Officer
Michel Atwood – Chief Financial Officer
Conference Call Participants
Linda Bolton-Weiser – D.A. Davidson
Kurt Anderson – Jefferies
Hamed Khorsand – BWS Financial
Korinne Wolfmeyer – Piper Sandler
Operator
Greetings, and welcome to the Inter Parfums Third Quarter 2022 Conference Call and Webcast. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, I’d like to remind you that this conference is being recorded.
At this time, I’d like to turn the call over to Vice President at The Equity Group in Inter Parfums Investor Relations representative, Karin Daly.
Karin Daly
Thank you, Daryl. On behalf of the company, I would like to note that this conference call may contain forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from projected results.
These factors may be found in the company’s filings with the Securities and Exchange Commission under the headings Forward-Looking Statements and Risk Factors in their most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made, and Inter Parfums undertakes no obligation to update or revise the information discussed.
It is now my pleasure to turn the call over to Mr. Jean Madar, Chairman and Chief Executive Officer of Inter Parfums. Jean, you may begin.
Jean Madar
Thank you, Karin. Good morning, everyone, and thank you for participating in today’s call. Joining me will be Michel Atwood, who became our CFO on September 6 of this year, three weeks before the close of the quarter. As I mentioned on our last call, Michel came to us from Estee Lauder as Vice President, Finance and Strategy. In the short time he has been on Board, Michel has been instrumental in exploring ways to make our company more efficient and productive by driving scale and operational efficiencies across the company as well as taking over the leadership of our finance functions.
For anyone new to Inter Parfums, keep in mind that when we refer to our European-based operations, we’re talking about our 73% owned French subsidiary, Interparfums SA, while our U.S.-based operations refer to our wholly-owned domestic subsidiaries. On both sides of the Atlantic, our business is primarily prestige fragrances and related products.