Leading positions in niche segments; Good customer, geographic, and product diversity; Above-average revenue growth and profitability; and Strong cash flow generation. Integration risks related to acquisitions; Fragmented end markets; and Technology risks associated with the company's products. The ratings on Sarasota, Fla.-based Roper Industries Inc., a diversified manufacturer of industrial products, reflect the company's satisfactory business profile, which is marked by leading positions in profitable niche markets and by the company's broad product, end-market, and geographic diversity. However, the company is acquisitive, which exposes it to potential integration risk. Roper, which has annual sales of about $2 billion, provides engineered products and solutions for a diverse array of global niche markets. The company's reporting segments include industrial technology, radio frequency
