Roper Industries Inc. Earnings: Double-Digit Growth Again

S&P 500 (NYSE:SPY) component Roper Industries Inc. (NYSE:ROP) reported its results for the fourth quarter. Roper Industries designs and manufactures energy systems and controls, scientific and industrial imaging products and software, industrial technology products and radio frequency products and services.

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Roper Industries Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the industrial equipment and components company rose to $121.7 million ($1.23 per share) vs. $107.3 million ($1.11 per share) in the same quarter a year earlier. This marks a rise of 13.4% from the year earlier quarter.

Revenue: Rose 8.8% to $739.2 million from the year earlier quarter.

Actual vs. Wall St. Expectations: Roper Industries Inc. beat the mean analyst estimate of $1.21 per share. It fell short of the average revenue estimate of $760.4 million.

Quoting Management: “We achieved a new milestone in the fourth quarter as EBITDA reached $222 million and EBITDA margin expanded to an all-time record of 30.1% of sales” said Brian Jellison, Roper’s Chairman, President and CEO. “Our businesses performed exceptionally well with 7% organic growth, continued margin expansion and record cash flow generation.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 30.9% and in the second quarter, the figure rose 49.1%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 4 cents in the third quarter, by 4 cents in the second quarter, and by 4 cents in the first quarter.

Revenue has risen the past four quarters. Revenue increased 17.8% to $712.7 million in the third quarter. The figure rose 23.4% in the second quarter from the year earlier and climbed 20.7% in the first quarter from the year-ago quarter.

Looking Forward: Analysts have a more positive outlook about the company’s results for next quarter. The average estimate for first quarter of the next fiscal year is $1.03 per share, an increase from $1.02 sixty days ago. For the fiscal year, the average estimate has moved up from $4.31 a share to $4.32 over the last ninety days.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com