Roper Industries, Inc. Announces First Quarter 2001 Results and Conference Presentation

27.02.2001

BOGART, Ga., Feb. 26 /PRNewswire/ -- Roper Industries, Inc. (NYSE: ROP)

announced earnings for the quarter ended January 31, 2001 of $.38 per share (diluted), a 23% increase over the first quarter of 2000.

First Quarter Highlights:

* Earnings per share of $.38, up 23% year-over-year

* Net sales up 26% year-over-year

* Net bookings up 35% year-over-year

* Backlog up 43% to $126 million

* Earnings per share before goodwill amortization up 25% to $.48

* EBITDA per share of $.92 up 32% year-over-year

* Cash flow from operations up 186% to $25 million

The Fluid Handling segment's net sales were $33 million in the quarter, up

41% over the prior year, mostly due to acquisitions. Positive displacement pump sales were up 52%, but were down 1% pro forma, with weaker power generation sales offsetting strength in the oil and gas market. Flow meter sales increased 7% pro forma, metering pump sales were up 12% and centrifugal pump sales were up 19% in the quarter.
Bookings for Fluid Handling were up 30% over the prior year to $33 million, but on a pro forma basis bookings declined by 2%.


Pro forma flow meter bookings were down 14% in the quarter, while positive displacement pump orders declined 18% on a pro forma basis. Metering pump bookings were up 10% in the quarter. Centrifugal pump bookings were up 28% on higher municipal and industrial orders. Operating profits increased 21% year-over-year to $8 million in the quarter.


Mr. Derrick N. Key, Chairman, President and CEO stated "We are off to a good start for 2001. We have seen a healthy increase in our backlog, we continue to see respectable order levels, and our cash flow incentive program appears to be producing robust results.

We also plan to have our new management structure in place by April 1, 2001.

As we previously announced, we are significantly increasing our Corporate

Development Group capabilities, by adding a seasoned Vice President of

Corporate Development along with two staff to ensure that we will be able to

invest, in a highly disciplined manner, the $450 million we project to have

available for acquisitions over the next three years."


The Company also announced that it will be presenting at the Salomon Smith

Barney Industrial Manufacturing Conference at the Grand Hyatt, New York on Thursday, March 1, 2001. A copy of the presentation is available at the Company's website at

More articles on this topic

GEA Achieves Mid-Term Financial Targets Ahead of Schedule and Announces Ambitious Plans for 2030

07.10.2024 -

GEA recently unveiled its Mission 30 Group strategy at a Capital Markets Day. The comprehensive plan details how GEA will continue to drive profitable growth and significantly expand the company’s share of sustainable solutions until 2030. AI-supported processes and new business models will play an increasingly important role in achieving this.

Read more

Evonik Aims to Generate €1.5 Billion Additional Sales with New Innovation Strategy

26.09.2024 -

Specialty chemicals company Evonik is driving forward the green transformation of industry. With its new innovation strategy, it is stepping up its focus on sustainability. To this end, it is bundling a large proportion of its R&D activities in three new innovation growth areas. These should generate additional sales of €1.5 billion by 2032, compared with 2023.

Read more

Xylem Expands Corporate Venture Capital Investments

17.07.2024 -

Xylem (XYL) is expanding its corporate venture investing plans with $50 million committed to support emerging companies and water services providers that solve critical climate challenges such as water scarcity, quality, and decarbonization. Xylem aims to accelerate the availability of water solutions to address these challenges by directly investing in startups developing disruptive water technologies, and by investing in specialty venture capital funds.

Read more

Record Figures at KSB’s Annual General Meeting

23.05.2024 -

In 2023, the Frankenthal-based pump and valve manufacturer KSB achieved its highest ever order intake and sales revenue. At 7.9 %, the EBIT margin exceeded its expectations for the financial year. At the Annual General Meeting on 8 May, Dr Bernd Flohr, Chairman of the Supervisory Board, expressed his satisfaction in view of the persistently difficult economic conditions.

Read more