Roper Industries Inc. (ROP) reported that its second-quarter net earnings increased to $114.81 million or $1.15 per share, from $106.31 million or $1.08 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.15 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter rose to $724.87 million from $699.87 million in the prior year quarter. Six analysts had consensus revenue estimate of $746.97 million for the quarter.
The company raised its full year 2012 adjusted earnings per share guidance to $4.84 - $5.00 from $4.75 - $4.91, reflecting a ($0.04) reduction due to currency and $0.12 - $0.14 accretion from the acquisition of Sunquest. Analysts expect the company to report earnings of $4.83 per share for fiscal 2012.
In a separate press release, Roper Industries announced that it has entered into a definitive agreement to acquire Sunquest Information Systems, Inc., a provider of diagnostic and laboratory software solutions to healthcare providers, in an all cash transaction valued at $1.415 billion, including $25 million in cash tax benefits.
The company expects the acquisition of Sunquest to be immediately cash accretive and to generate $140 million or more of EBITDA in 2013, excluding the impact of fair value accounting of Sunquest's deferred revenue.
The company said it expects to complete the transaction within 30 days. The transaction is subject to Hart-Scott-Rodino approval and customary closing conditions.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.