Roper Industries Inc. (ROP, Financial) filed Annual Report for the period ended 2010-12-31.
Roper Industries Inc. has a market cap of $7.88 billion; its shares were traded at around $83.21 with a P/E ratio of 24.7 and P/S ratio of 3.3. The dividend yield of Roper Industries Inc. stocks is 0.5%. Roper Industries Inc. had an annual average earning growth of 16.7% over the past 10 years. GuruFocus rated Roper Industries Inc. the business predictability rank of 4-star.Mutual Fund and Other Gurus that owns ROP: Chuck Royce of Royce& Associates, Mario Gabelli of GAMCO Investors, Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc.
Backlog – Our Medical and Scientific Imaging segment companies have lead times of up to several months on many of their product sales, although standard products are often shipped within two weeks of receipt of order. Blanket purchase orders are placed by certain OEM and end-users, with continuing requirements for fulfillment over specified periods of time. The segment s backlog of firm unfilled orders, including blanket purchase orders, totaled $103.8 million at December 31, 2010, as compared to $73.7 million at December 31, 2009.
Backlog - The Energy Systems and Controls operating units sales reflect a combination of standard products and large engineered projects. Standard products generally ship within two weeks of receipt of order, and large engineered projects may have lead times of several months. As such, backlog may fluctuate depending upon the timing of large project awards. This segment s backlog of firm unfilled orders totaled $104.5 million at December 31, 2010 compared to $70.9 million at December 31, 2009.
Backlog - The Industrial Technology operating units sales reflect a combination of standard products and specially engineered, application-specific products. Standard products are typically shipped within two weeks of receipt of order, with certain valve and pump products shipped on an immediate basis. Application-specific products typically ship within 6 to 12 weeks following receipt of order. However, larger project orders and blanket purchase orders for certain OEMs may extend shipment for longer periods. This segment s backlog of firm unfilled orders, including blanket purchase orders, totaled $114.0 million at December 31, 2010, as compared to $52.1 million at December 31, 2009.
Backlog - The RF Technology operating units sales reflect a combination of standard products, large engineered projects, and multi-year operations and maintenance contracts. Standard products generally ship within two weeks of receipt of order, and large engineered projects may have lead times of several months. As such, backlog may fluctuate depending upon the timing of large project awards. This segment s backlog of firm unfilled orders totaled $463.1 million at December 31, 2010 compared to $368.8 million at December 31, 2009.
As of December 31, 2010, we had $1.34 billion in total consolidated indebtedness. In addition, we had $468 million undrawn availability under our senior unsecured credit facility, as well as the ability to request additional term loans or revolving credit commitments not to exceed $350 million in aggregate. Our total consolidated debt could increase using this additional borrowing capacity. Subject to restrictions contained in our credit facility, we may incur additional indebtedness in the future, including indebtedness incurred to finance, or which is assumed in connection with, acquisitions.
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Roper Industries Inc. has a market cap of $7.88 billion; its shares were traded at around $83.21 with a P/E ratio of 24.7 and P/S ratio of 3.3. The dividend yield of Roper Industries Inc. stocks is 0.5%. Roper Industries Inc. had an annual average earning growth of 16.7% over the past 10 years. GuruFocus rated Roper Industries Inc. the business predictability rank of 4-star.Mutual Fund and Other Gurus that owns ROP: Chuck Royce of Royce& Associates, Mario Gabelli of GAMCO Investors, Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc.
Highlight of Business Operations:
Research and Development - We conduct applied research and development to improve the quality and performance of our products and to develop new technologies and products. Our research and development spending was $102.4 million in 2010 as compared to $83.4 and $87.4 million in 2009 and 2008, respectively. Research and development expense as a percentage of sales increased to 4.3% in 2010 from 4.1% in 2009. The percentage has increased as the mix of our businesses shifts to higher technology, medical and software platforms.Backlog – Our Medical and Scientific Imaging segment companies have lead times of up to several months on many of their product sales, although standard products are often shipped within two weeks of receipt of order. Blanket purchase orders are placed by certain OEM and end-users, with continuing requirements for fulfillment over specified periods of time. The segment s backlog of firm unfilled orders, including blanket purchase orders, totaled $103.8 million at December 31, 2010, as compared to $73.7 million at December 31, 2009.
Backlog - The Energy Systems and Controls operating units sales reflect a combination of standard products and large engineered projects. Standard products generally ship within two weeks of receipt of order, and large engineered projects may have lead times of several months. As such, backlog may fluctuate depending upon the timing of large project awards. This segment s backlog of firm unfilled orders totaled $104.5 million at December 31, 2010 compared to $70.9 million at December 31, 2009.
Backlog - The Industrial Technology operating units sales reflect a combination of standard products and specially engineered, application-specific products. Standard products are typically shipped within two weeks of receipt of order, with certain valve and pump products shipped on an immediate basis. Application-specific products typically ship within 6 to 12 weeks following receipt of order. However, larger project orders and blanket purchase orders for certain OEMs may extend shipment for longer periods. This segment s backlog of firm unfilled orders, including blanket purchase orders, totaled $114.0 million at December 31, 2010, as compared to $52.1 million at December 31, 2009.
Backlog - The RF Technology operating units sales reflect a combination of standard products, large engineered projects, and multi-year operations and maintenance contracts. Standard products generally ship within two weeks of receipt of order, and large engineered projects may have lead times of several months. As such, backlog may fluctuate depending upon the timing of large project awards. This segment s backlog of firm unfilled orders totaled $463.1 million at December 31, 2010 compared to $368.8 million at December 31, 2009.
As of December 31, 2010, we had $1.34 billion in total consolidated indebtedness. In addition, we had $468 million undrawn availability under our senior unsecured credit facility, as well as the ability to request additional term loans or revolving credit commitments not to exceed $350 million in aggregate. Our total consolidated debt could increase using this additional borrowing capacity. Subject to restrictions contained in our credit facility, we may incur additional indebtedness in the future, including indebtedness incurred to finance, or which is assumed in connection with, acquisitions.
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