Roper Industries sees Energy Systems & Control mid-single digit revenue growth The company says oil & gas markets remain favorable. Expects 2H14 Industrial Technology to see mid-single digit revenue growth and strong margins. Expects 2H14 RF Technology to see low single digit revenue growth. Expects 2H14 Medical & Scientific Imaging to see high single digit revenue growth. Sunquest and MHA are both expected to delivery double digit growth in 2H14. Comments taken from slides for Q2 earnings conference call.
Roper Industries sees FY15 organic revenue growth 3%-5% Sees FY15 operating profit leverage to be greater than 40%. Sees foreign exchange rate to have a headwind of approximately 10c in 2015. Sees FY15 tax rate of 30%-31%. Sees FY15 operating cash flow of greater than $900M.
Roper Industries expects 20% market decline in Upstream Expects pump share gains mitigate declines in other upstream businesses. Expects field service and pipeline retrofits are up modestly with project activity weakness. Sees refinery instrumentation applications and field service growth in Downstream. Comments taken from slides for Q4 earnings conference call.