Roper Industries, Inc. Announces Record Sales and Earnings for the Fiscal Quarter and Year Ended October 31, 2000

18.12.2000

Roper Industries, Inc. (NYSE: ROP)

announced record earnings for the fiscal year ended October 31, 2000 of

$1.58 per share (diluted), within the range of previous estimates, and a

3% increase over fiscal 1999.

Net sales for the year were $504 million as

compared to $407 million in the prior year, a 24% increase. These record

results marked the eighth consecutive year of growth in net sales and earnings

since the Company's IPO in 1992. The Company also reported that EBITDA

increased year-over-year by 17% to $112 million, representing $3.58 of EBITDA

per share, or 22% of sales.

* Net sales in the fourth quarter increased 29% year-over-year

* Net bookings in the fourth quarter increased 50% year-over-year

* Completed nine acquisitions in fiscal year 2000, investing $162 million

in high quality businesses

Acquisitions in Fluid Handling:

Abel Pump Business, May 2000

Cybor Corporation, February 2000

Flowdata, Inc., February 2000

The Fluid Handling segment's sales were $34.6 million in the quarter, up

34% over the prior year, mostly due to acquisitions. On a pro forma basis

sales were up 4%. Semiconductor equipment sales were up 90% in the quarter,

24% pro forma, on continued market strength. Positive displacement pump sales

were up 5% pro forma, driven by higher oil and gas related sales, while flow

meter sales increased 10% pro forma. Metering pump sales were down 9% in the

quarter, due to the continuing FDA compliance issue at a major OEM unrelated

to the company's product. Centrifugal pump sales declined by 11% in the

quarter due to weak third quarter bookings as previously reported. Bookings

for Fluid Handling were up 45% over the prior year to $35.0 million, and on a

pro forma basis bookings increased by 11%. Semiconductor equipment bookings

were up 45% in the quarter, 4% pro forma, possibly signaling a slowing in the

growth of the semiconductor capital equipment market. Pro forma flow meter

bookings were up 4% in the quarter, while positive displacement pump orders

rose 6% in the quarter on a pro forma basis. Metering pump bookings were up

45% in the quarter against easy comparisons. Centrifugal pump bookings were

up 19% on higher municipal and industrial orders. Operating profits increased

7% year-over-year to $8.3 million in the quarter.

Mr. Derrick N. Key, Chairman, President and CEO stated "To capitalize on our

ongoing opportunities we continue to

strengthen our management team. We will be expanding our corporate

development team allowing us to focus on acquisition opportunities while

improving on our strong operating results. Our business model of migrating

cash flow to higher margin, higher growth businesses, combined with our

continuing to diversify end markets served will secure consistent long-term

growth and create above average shareholder value. In summary, we are

positioning the company for significant results in 2001 and beyond."

For additional information on Roper Industries, and to register to receive

Company press releases via e-mail, visit the Company's website at

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