Business

Roper Industries reports 22% increase in net earnings

SARASOTA — Roper Industries, Inc. reported net earnings Monday of $108 million for the first quarter that ended March 31, a 22 percent increase over 2011.

The north Sarasota firm’s diluted earnings per share were $1.09 compared to $0.91 in the first quarter last year, while revenues jumped 10 percent to $711 million, according to the Security Exchange Commission.

The company placed $729 million orders for the first quarter, boosting its operating income 20 percent to $170 million. The revenue, orders, net earnings, EBITDA and cash flow performance were all records for any first quarter in Roper’s history, the company announced.

“Our businesses performed exceptionally well in the quarter, as strong operating leverage led to double-digit operating profit growth in all four segments,” Brian Jellison, company chairman, president and CEO, said in a statement. “Our balance sheet and financial capacity are in the best shape in our history, and we are excited about the prospects for the remainder of the year.”

Roper provides engineered products and solutions for global niche markets, including water, energy, transportation, education, medical, and information networks.

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