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Roper Industries, Inc. (ROP) Tops Q1 EPS by 11c; Boosts Outlook

April 28, 2014 7:17 AM

Roper Industries, Inc. (NYSE: ROP) reported Q1 EPS of $1.46, $0.11 better than the analyst estimate of $1.35. Revenue for the quarter came in at $834 million versus the consensus estimate of $829.22 million.

Roper Industries, Inc. sees FY2014 EPS of $6.22-$6.36, versus prior guidance of $6.05-$6.25 and the consensus of $6.2.

Roper Industries, Inc. sees Q2 2014 EPS of $1.46-$1.51, versus the consensus of $1.46.

"Our businesses performed exceptionally well in the quarter, with record first quarter performance for orders, revenue, margins and cash flow," said Brian Jellison, Roper's Chairman, President and CEO. "Revenue increased 13%, including 7% organic growth in the quarter. This performance was broad-based, with all four operating segments increasing organic revenue at least 5%."

"Our continued expansion into asset-light medical, technology and service businesses, combined with outstanding execution across the enterprise, resulted in free cash flow of $202 million, 26% higher than last year's first quarter," continued Mr. Jellison. "EBITDA reached $274 million and represented 32.8% of revenue. In addition, our balance sheet and financial capacity are in the best shape in our history, and we are encouraged about our prospects for the remainder of the year."

For earnings history and earnings-related data on Roper Industries, Inc. (ROP) click here.

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