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April 28, 2014
11:36 EDTROPRoper Industries advances after beat and raise quarter
Shares of Roper Industries (ROP) are advancing after its first quarter results topped analysts' consensus estimates and it raised its fiscal 2014 outlook. Roper is a diversified technology company that operates in four segments: Medical and Scientific Imaging, Energy Systems, Industrial Technology and RF Technology. WHAT'S NEW: This morning, Roper Industries reported Q1 earnings per share of $1.46 and revenue of $834.1M, topping expectations of $1.35 and $828.22M, respectively. The company forecast Q2 EPS of $1.46-$1.51, versus consensus of $1.46. WHAT'S NOTABLE: Roper Industries raised its FY14 EPS view to $6.22-$6.36 from $6.05-$6.25, compared to consensus of $6.20. It also raised its FY14 revenue growth outlook to 5%-7% from 4%-7%, versus consensus of $3.51B. "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. "This performance was broad-based, with all four operating segments increasing organic revenue at least 5%." Roper noted that it intends to deploy "much more" capital in the next 12 months than it did the prior year, though it does not have a timetable for its next capital deployment. PRICE ACTION: In late morning trading, Roper Industries rose $8.26, or 6.4%, to $137.56 on heavy trading volume. Including today's advance, the stock up over 11% over the past twelve months.
News For ROP From The Last 14 Days
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August 27, 2014
09:26 EDTROPCressey & Company, Level Equity sell Strategic Healthcare Programs to Roper
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August 26, 2014
16:34 EDTROPRoper Industries announces two medical acquisitions
Roper Industries announced that it has acquired Strategic Healthcare Programs, or SHP, and Innovative Product Achievements, or IPA. Both companies will become part of Roper's Medical and Scientific Imaging segment. SHP, headquartered in Santa Barbara, CA, is a leading provider of software and informatics solutions to the post-acute healthcare market. IPA, headquartered in Suwanee, GA, is the leading manufacturer of automated surgical scrub dispensing equipment for acute care hospitals and other healthcare providers. Including the previously announced Foodlink software acquisition, Roper has invested $303M in acquisitions during Q3. The company expects the acquisitions to be accretive to 2015 earnings.

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