Roper Technologies says sees 'plenty of room' to make acquisitions Says views Q1 as weakest quarter of the year. Sees Q3 as strong quarter for organic revenue growth. Says believes cash is best measure of performance. Says balance sheet leaves "plenty of room" to make acquisitions over the next 12-18 months. Sees "record" 2015. Comments made on the Q1 earnings conference call.
Roper Technologies sees FY15 organic revenue growth 3%-5% Looking to Q2-Q4, Roper says oil and gas markets "remain challenging," sees "flat to modest" growth in other served markets. Says FX headwind drives mid single digit segment decline for balance of year. Sees completion of Neptune Toronto project this summer. Sees weakness in Upstream fluid handling. Sees mid single digit organic growth for rest of year for RF Technology. Sees mid teens revenue growth for Medical Solutions segment for Q2-Q4. Raises FY15 operating cash flow view to >$925M from more than $900M. Sees FY15 organic revenue growth 3%-5%, tax rate 30%-31%. Assumes end of March FX rates will equate to FY15 EPS headwind of about (25c). Comments from slides that will be presented on the Q1 earnings conference call.