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 (RF) technology, scientific and industrial imaging, and energy systems and controls. The industrial technology segment (31% of year-to-date revenues through Sept. 30, 2007) produces automatic meter-reading products and systems, industrial pumps, and flow measurement and metering equipment.
