Roper says cash flow to exceed net income for 12th consecutive year

By Jennifer Lanning Drey

Portland, Ore., Dec. 8 - Roper Industries, Inc. is on track to post its 12th consecutive year where free cash flow has exceeded net income, as all of its businesses continue to generate cash, Brian Jellison, Roper's chief executive officer, said Tuesday at the Bank of America Merrill Lynch Global Industries Conference in New York.

The company's cash model is based on the assumption that each of its businesses will generate enough cash to sustain itself, he said.

Much of the excess free cash flow is deployed toward acquisitions of businesses that Roper sees an opportunity to improve, Jellison said.

"We want to have the businesses that we acquire be already good businesses that we can make better. We don't want to buy things that we have to fix. We want to buy things that are pretty good that we can leverage to be great," he said.

Roper is a Sarasota, Fla.-based provider of engineered products and solutions for niche markets including water, energy, radio frequency and research/medical applications.

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