This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Roper Industries' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Now, if you please turn to slide three, I’ll turn the call over to Brian Jellison, Chairman, President and Chief Executive Officer. And after his prepared remarks, we’ll take questions from our telephone participants. Brian?

Brian Jellison

Well, good morning everybody. Today, we’ll go through the enterprise financial results for the quarter, talk a little bit about specific segment detail on the outlook for each of the segments, give you an overview of the Sunquest acquisition, and then established our third quarter and full year guidance and take your questions. I think we had indicated in our first quarter call that we expected going into the second quarter would be our most difficult challenge for the year.

We had really an outstanding quarter compared to what we expected, because we had quite a few headwinds this quarter. I’ve certainly had the uncertain economy and we’re able to blow through that. We had very difficult comps going into Q2, because of the Gaz de France. Revenue last year and outsized performance in toll tag shipments last year in our Gatan technology business that we knew wouldn’t be repeated. And then of course, we had currency which became a bigger surprise and we expect it cost us about a $0.01 a share versus our guidance and about $0.02 a share versus the prior year. That said let’s look at what we did in Q2, next slide.

We had record results in the second quarter, pretty well across the board, the highest level of orders in our history, highest level of sales in our history in the second quarter, biggest backlog that we’ve entered the second quarter with record net earnings and record EBITDA performance for the quarter. Our orders were up 8% and revenue was up 4% despite those headwinds and the effect of currency.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs