Roper Industries
July 20, 2011 – 1:27 pm
Business Profile
Roper Industries is incorporated under the laws of State of Delaware in 1981 and is headquartered in Sarasota, Florida. The Company’s common stock is registered and listed on the New York Stock Exchange under the ticker “ROP”.
Roper Industries is engaged in designing, manufacturing and distribution of energy controls and systems, industrial and scientific imaging software and products, radio frequency and industrial technology services and products. The Company’s products have a wide range of applications including water, energy, radio frequency applications, research / as well as general industry.
The Company focuses on continuous growth in top line and bottom line through continuous operational improvement and also by carrying out opportunistic acquisitions that offers product expansion, market expansion and value addition opportunities. In 2005 the Company acquired Inovonics Corporation (February 2005), CIVCO Holding, Inc. (June 2005) and MEDTEC, Inc. (November 2005). Earlier in 2004, the Company has acquired TransCore in December 2004 and the power generation business of R / D Tech in June 2004. Subsequently, in 2006 the Company acquired
• Sinmed Holding International BV in April 2006, a producer of medical positioning equipment
• Intellitrans, LLC in April 2006, a supplier of asset tracking technology
• Lumenera Corporation in July 2006, a manufacturer and developer of high performance digital cameras for scientific, security and industrial sectors
• AC Analytical Controls Holding B.V. in August 2006, a supplier of chromatographic analyzers for the petrochemical sector
• Dynisco Parent, Inc. in November 2006, engaged in engineered sensors and software for measurement, control and testing applications.
The Company employed nearly 6,900 people as of December 31, 2006. Of these nearly 5,000 were based out of US.
The Company lays high emphasis on research and development activities. Roper Industries R&D spending grew to $58.6 million in 2006 versus $53.5 million in 2005 and $38.7 million in 2004.
The Company has been focusing on expanding its international presence. The Company’s sales of products produced and exported from US and produced and sold in international markets accounted for $610 million in 2006, compared to $545 million in 2005. As of December 31, 2006, nearly 17% of the Company long lived assets, excluding intangibles and goodwill were accounted for by its international operations. Nearly 27% of the Company’s total sales in 2006 were accounted for by its international (non US) operations.
The Company has organized itself into four operating segments: Industrial Technology, Energy Systems and Controls, Scientific and Industrial Imaging and RF Technology.
Financial Performance: The Company’s worldwide net sales increased 17.0% to $1701 million in 2006 from $1453 million in 2005 mainly contributed by recent acquisition made by the company as well through organic growth. Roper Industries’ operating profit increased 27.5% to $337.6 million in 2006 from $264.8 million in 2005. The Company’s operating profit margin improved to 19.8% in 2006 from 18.2% in 2005. The Company’s net income increased 26.2% to $193.3 million in 2006 from $153.1 million in 2005. Roper Industries’ net income margin also increased to 11.4% in 2006 from 10.5% in 2005.
Industrial Technology segment contributed 32.3% to the total net sales of the Company in 2006 down from 34.1% in 2005. Energy Systems and Controls segment contributed 20.2% to the total net sales of the Company in 2006 down on basis point from 21.4% in 2005. Scientific and Industrial Imaging 19.9% to the total net sales of the Company in 2006 up three percentage point from 17.2% in 2005. RF Technology contributed 27.5% to the total net sales of the Company in 2006 nearly same as in 2005.
Industrial Technology: Industrial Technology business segment manufactures industrial pumps, consumables and equipments for industrial leak testing equipment, materials analysis, flow metering and measurement equipment, automatic meter reading systems and products. The segment provides these solutions and products through five operating units based in US and three operating units based in Europe.
In 2006, Industrial Technology business segment generated net sales of $550.0 million. This represented 32.4% of the Company’s total net sales.
Energy Systems and Controls: Energy Systems and Controls business segment manufactures control systems, equipments to test fluid properties, industrial controls and valves, machinery vibration and non-destructive measurement and inspection solutions and products. These are provided through six
operating units based in US and two operating units based in Europe.
In 2006, Energy Systems and Controls segment generated net sales of $343.7 million. This represented 20.2% of the Company’s total net sales.
Scientific and Industrial Imaging: Scientific and Industrial Imaging business segment provides high performance digital imaging software and products, patient positioning software and products to be used in medical applications, and handheld software and computers. These solutions and products are provided through nine operating units based in US, one operating unit based in Europe and three operating units based in Canada
In 2006, Scientific and Industrial Imaging business segment generated net sales of $338.9 million. This represented 19.9% of the Company’s total net sales.
RF Technology: RF Technology business segment offers radio frequency identification, satellite-based communication software and technology solutions. These solutions and products are provided through two operating units based in US.
In 2006, RF Technology business segment generated sales of $468.1 million. This represented 27.5% of the Company’s total net sales.