Roper Industries Inc. (ROP), a maker of products from medical equipment to refrigeration valves, rose the most in five years after profit and sales topped analysts’ estimates and the company booked record first-quarter orders.
Roper reported earnings of $1.46 per share, exceeding the average analyst estimate of $1.35 in a Bloomberg survey. The company posted revenue of $834 million in the first quarter, beating the average forecast of $823 million. Roper plans to deploy “much more” capital in the next 12 months on investments, Brian Jellison, chairman, president and chief executive officer, said during a teleconference.
“Our businesses performed exceptionally well in the quarter, with record first-quarter performance for orders, revenue, margins and cash flow,” Jellison said in a statement announcing the results. “This performance was broad-based, with all four operating segments increasing organic revenue at least 5 percent.”
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