(By Balachander) Roper Industries Inc. (NYSE: ROP) posted a jump in quarterly earnings, helped by revenue growth and improvement in margins and the maker of industrial technology and scientific imaging products issued its guidance for 2013.
GAAP earnings increased 18 percent to $143.5 million. Non-GAAP earnings per share (EPS) were $1.48 versus Wall Street projections of $1.46.
Net sales grew 9.6 percent to $809.9 million with organic growth and acquisitions contributing 3 percent and 7 percent, respectively.
Non-GAAP revenue was $816 million, while analysts expected $819 million for the fourth quarter.
Non-GAAP operating margin improved 300 basis points to 28.3 percent and GAAP operating margin also increased 250 basis points to 27.8 percent.
Looking ahead, Roper expected first-quarter EPS between $1.19 and $1.23 and 2013 EPS between $5.60 and $5.82 on a non-GAAP basis. Analysts expect EPS of $1.30 for the first quarter and $5.69 for the full year.
Shares of ROP ended at $118.83 on Friday. The stock has been trading in the 52-week range between $90.98 and $119.18.