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| ROP > SEC Filings for ROP > Form 8-K on 24-Apr-2009 | All Recent SEC Filings |
24-Apr-2009
Results of Operations and Financial Condition, Financial Statements and Exhi
On April 23, 2009, Roper Industries, Inc. (the "Company") issued a press release containing information about the Company's results of operations for the quarter ended March 31, 2009. A copy of the press release is furnished as Exhibit 99.1.
In the press release, the Company uses a non-GAAP financial measure EBITDA.
EBITDA is defined as net earnings plus (a) interest expense, (b) income taxes
and (c) depreciation and amortization. The Company believes EBITDA is an
important indicator of operational strength and performance of the Company's
business because it provides a link between profitability and operating cash
flow. EBITDA as calculated by the Company is not necessarily comparable to
similarly titled measures reported by other companies. In addition, EBITDA: (a)
does not represent net income or cash flows from operations as defined by GAAP;
(b) is not necessarily indicative of cash available to fund the Company's cash
flow needs; and (c) should not be considered as an alternative to net earnings,
operating income, cash flows from operating activities or the Company's other
financial information determined under GAAP. The Company believes that the line
on the Company's consolidated statement of operations entitled net earnings is
the most directly comparable GAAP measure to EBITDA. In addition, the Company
presents operating margin and segment decremental margins (change in operating
profit divided by change in sales) adjusted to exclude restructuring changes.
Since the Company incurred restructuring charges in the first quarter of 2009,
but not during the comparable period in 2008, it believes that presenting these
financial measures on an adjusted basis allows investors to more fully
understand the underlying trends in its business. Accordingly, the Company
believes these adjusted financial measures provide investors with additional
useful information.
(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Shell Company Transactions.
Not applicable
(d) Exhibits.
99.1 Press Release of the Company dated April 23, 2009.
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