Roper is entering its third decade as a public company. While the governance processes and operating framework have evolved over time, our strategy for increasing shareholder value has remained consistent.
Roper has built a family of leading niche businesses that provide engineered products, software, and services for diverse end markets. By providing value-added solutions for critical customer processes, we generate high gross-margins that strong operating management converts to excess free cash flow. In turn, we reinvest this cash into new growth drivers that lead to sustained profitable growth.
Critical to the success of this strategy has been operational execution. This is fostered by unique governance processes and a common set of tools that permeate our diverse set businesses. Our business leaders are provided freedom to execute their strategy within a defined set of enterprise parameters.
By always building for a better enterprise, our capabilities and cash flow continue to grow, creating even more value for our shareholders.