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SARASOTA — Roper Industries Inc. (symbol: ROP), a diversified holding company based in Sarasota, earned $89 million in profits on $645 million in revenue in the first quarter of 2011.
The company's stock is up more than 13% in value since the beginning of this year, giving Roper a total enterprise value of $8.3 billion.
Roper's financial statement lists four main segments that represent its current business focus: industrial technology, energy systems, medical imaging and radio-frequency technology. All four segments saw double-digit gains in operating profits during the year.
In a release, CEO Brian Jellison says Roper used cash generated in the first three months of the year to reduce its debt by $100 million. As of March 31, the firm carried $1.16 billion in long-term debt.
Roper also revised its full-year earnings projections: the company now expects to generate between $378 million and $392 million in profits this year.
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