Roper Technologies, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 23, 2021 at 06:55 am EDT
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Roper Technologies, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 1,587.6 million compared to USD 1,305 million a year ago. Operating income was USD 418 million compared to USD 333.6 million a year ago. Net income was USD 286.3 million compared to USD 219.2 million a year ago. Basic earnings per share from continuing operations was USD 2.72 compared to USD 2.1 a year ago. Diluted earnings per share from continuing operations was USD 2.69 compared to USD 2.08 a year ago. For the half year, sales was USD 3,116.2 million compared to USD 2,655.7 million a year ago. Operating income was USD 818.5 million compared to USD 682.8 million a year ago. Net income was USD 575.3 million compared to USD 459.5 million a year ago. Basic earnings per share from continuing operations was USD 5.47 compared to USD 4.4 a year ago. Diluted earnings per share from continuing operations was USD 5.42 compared to USD 4.36 a year ago.
Roper Technologies Inc. is a diversified group organized around 4 families of products:
- scientific and industrial imaging products (29.7% of net sales): digital imaging products and software, medical products, handheld and vehicle mounted computers, etc.;
- industrial technology products (29.6%): industrial pumps, flow measurement and metering equipment, industrial valves and controls, equipment for materials analysis, etc.;
- radio frequency products (28.5%): toll systems and traffic control devices, security and access control systems, campus card systems, mobile asset tracking systems, remote temperature monitoring systems, etc.;
- energy and control systems (12.2%): control systems, fluid properties testing equipment, sensors, non-destructive inspection and measurement instruments, etc.