Roper posts record results

Roper Industries Inc. posted records in orders, sales, and net earnings in the third quarter of 2010. The company made $84 million in profits on $605 million in sales.

While Roper's acquisition of iTradeNetwork Inc. in July contributed largely to the recent quarter's growth, a release from the company shows that organic growth in sales and orders actually outpaced the added business that resulted from its $525 million-purchase last summer.

At the end of the quarter, the company had $770 million in backlogged business (up 39% over the year), inspiring confidence by CEO Brian Jellison.

“Our continued growth in orders and backlog gives us confidence that we will finish 2010 with record performance and enter 2011 with significant momentum,” Jellison said.

Based in Sarasota, Roper Industries is a diversified growth company, with sales activity in medical, industrial, and energy-related marketplaces.