Roper Industries Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported GAAP revenue was $810 million against $739 million a year ago. Non-GAAP revenue was $816 million against $739 million a year ago. EBITDA was $275.3 million or 33.7% of revenue, reflecting the contribution of Sunquest and strong operating leverage on organic growth. Income from operations was $225.24 million against $187.35 million a year ago. Earnings from continuing operations before income taxes were $204.84 million against $171.42 million a year ago. Net earnings were $143.53 million or $1.44 diluted per share against $121.68 million or $1.23 diluted per share a year ago. On non-GAAP basis, income from operations was $231.19 million, earnings from continuing operations before income taxes was $210.79 million, net earnings was $147.4 million or $1.48 diluted per share. Operating cash flow in the quarter was $212 million in the quarter, which represented 26% of revenue.

For the year, the company reported GAAP revenue was $2,993 million against $2,797 million a year ago. Non-GAAP revenue was $3,003 million against $2,797 million a year ago. Cash provided by operating activities was $678 million against $602 million a year ago. Capital expenditure was $38.4 million against $40.7 million a year ago. Income from operations was $757.59 million against $660.54 million a year ago. Earnings from continuing operations before income taxes were $686.68 million against $604.99 million a year ago. Net earnings were $483.36 million or $4.86 diluted per share against $427.25 million or $4.34 diluted per share a year ago. On non-GAAP basis, income from operations was $772.98 million, earnings from continuing operations before income taxes was $703.114 million, net earnings was $494.04 million or $4.96 diluted per share. EBITDA was $925 million which is up 45% just in the last 2 years.

The company provided earnings guidance for the first quarter and full year of 2013. For the first quarter, the company expects non-GAAP diluted earnings per share between $1.19 and $1.23.

For the year, the company expects 2013 full year non-GAAP diluted earnings per share (DEPS) between $5.60 and $5.82. The company expects to expand gross margins still further. The company is projecting revenue growth of 8% to 10%. Full year operating cash flow will exceed $775 million. In the next 3 years, 2013, 2014 and 2015, the company would expect to generate over $2.5 billion in operating cash flow, and that gives an incredible amount of flexibility for investing in these businesses. The company expects to capture additional opportunities in 2013, and have already got over $1.5 billion of powder before added another $700 million to that as the year progresses. The company expects gross margin as expecting on EBITDA margin, but both of them to be up in 2013. The company earnings committed a marginal tax rate of probably 38% to 39%. And it's just normal -- other normal tax planning activities, which is probably, which is definitely the smaller portion of the increase that expects for 2013.