Skip to main content
Publish date:

Earnings Surge at Roper Industries

Margins improve all around at the electronic equipment maker.

Roper Industries (ROP) - Get Roper Technologies, Inc. Report reported third-quarter earnings that rose 29.65% from the year-ago period, as margins improved in all of the company's segments.

The company, which makes electronic equipment, earned $50.81 million, or 56 cents a share compared with $39.19 million or 45 cents a share a year ago.

Third-quarter revenue rose 17% to $427.22 million.

During the period, the operating income rose by 25.43% to $87.52 million and operating margin increased 139 basis points to 20.5%.

TheStreet Recommends

By segment, third-quarter operating profit for industrial technology rose 27.44% from a year ago to $32.75 million; for energy systems and controls it increased 20.8% to $25.11 million; for scientific and industrial imaging it went up 39.79% to $18.83 million; and for RF technology it rose 18.71% to $19.34 million.

The company expects earning in the range of $2.11 to $2.15 a share as against analysts' expectation of $2.10 a share.

The company's shares were trading up 49 cents, or 1%, at $50.10 Friday.

This story was created through a joint venture between TheStreet.com and IRIS.