Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Roper Industries Q4 Profit Tops Estimates, Sees Q1 EPS Below View - Update

RELATED NEWS
Trade ROP now with 

Roper Industries, Inc. (ROP: Quote), a diversified machinery company, Monday reported higher profit for the fourth quarter, as sales improved with strong growth in the Medical & Scientific Imaging business. Adjusted earnings topped Wall Street estimates, while revenues fell short of expectations. The company issued first quarter earnings per share outlook below analysts' estimates.

Net earnings for the quarter increased to $143.53 million from $121.68 million. Earnings per share grew to $1.44 from $1.23. Adjusted earnings totaled $1.48 per share in the quarter. On average, 8 analysts polled by Thomson Reuters expected earnings of $1.46 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales rose to $809.91 million from $739.20 million. Analysts expected revenues of $819.19 million. Non-GAAP revenue, which excludes a fair value adjustment to acquired deferred revenue, was $816 million in the just concluded quarter.

Segment-wise, sales at Medical & Scientific Imaging climbed 38 percent to $217.63 million. Energy Systems & Controls generated $184.61 million in the quarter, up 7 percent from the prior year.

RF Technology sales nearly unchanged at $210.52 million. Industrial Technology sales were slightly lower at $197.15 million. Brian Jellison, Roper's Chairman, President and CEO, said, ''Our businesses performed exceptionally well in the fourth quarter, as we established records for revenue, orders, gross margin, operating profit, net earnings and cash flow."

For the full year, net earnings climbed to $483.36 million from $427.25 million. Net sales advanced to $2.99 billion from $2.8 billion in the prior year.

Looking ahead, first quarter adjusted earnings per share are estimated between $1.19 and $1.23. Wall Street expects earnings of $1.30 per share for the quarter.

Roper expects 2013 full year earnings per share between $5.60 and $5.82 while analysts have a consensus estimate of $5.69 per share.

ROP closed on Friday at $118.83.

Register
To receive FREE breaking news email alerts for Roper Industries and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Pharmaceutical giant Pfizer, Inc., which was aspiring to buy British drug maker AstraZeneca Plc, reported Tuesday a profit for the second quarter that plunged 79 percent from last year, which reflected hefty gains from animal health business sales. Total revenues declined 2 percent, as it continued to be hurt by generic competition for major drugs. Home improvement and building products company Masco Corp. said Monday after the markets closed that its second quarter profit jumped 78% from last year, as revenue increased and margins improved amid strong performance of its Plumbing Products, Installation and Other Services and Decorative Architectural Products segments.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.