Roper Industries Q1 Profit Rises; Raises 2014 EPS View - Quick Facts

(RTTNews) - Industrial solutions provider Roper Industries Inc. (ROP) reported that its net earnings for the first quarter ended March 31, 2014 increased to $147.23 million or $1.46 per share, from $124.91 million or $1.25 per share in the same quarter last year.

"Our businesses performed exceptionally well in the quarter, with record first quarter performance for orders, revenue, margins and cash flow. "Revenue increased 13%, including 7% organic growth in the quarter. This performance was broad-based, with all four operating segments increasing organic revenue at least 5%," said Brian Jellison, Roper's Chairman, President and CEO.

Net sales for the quarter grew to $834.05 million from $737.14 million in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.35 per share and revenues of $829.22 million for the quarter. Analysts' estimates typically exclude special items.

Second quarter earnings per share is expected to be $1.46 - $1.51. Analysts project second-quarter earnings of $1.46 per share.

As a result of its first quarter performance, the company raised its full year 2014 earnings guidance to a range of $6.22 - $6.36 per share from the prior estimate of $6.05 - $6.25 per share. Analysts project annual earnings per share of $6.20.

The company's guidance excludes the impact of any future acquisitions.