Roper reports record first-quarter results

Technology company Roper Industries has posted record orders of $567m (£369m) for its first financial quarter of 2010 – an increase of 20 per cent over the first quarter of 2009 – and sales of $534m – a six per cent increase from the comparable period in 2009.  

Operating cash flow was a record $95m, an increase of 88 per cent over the prior year quarter, while net earnings were $60m, or $0.62 per diluted share.  

Adjusted earnings per diluted share were $0.65, excluding a previously announced acquisition-related inventory charge of $0.03.  

Adjusted operating margin expanded 170 basis points to 19.6 per cent and operating margin as reported expanded 160 basis points to 18.8 per cent.