Exhibit 99.1

Roper Industries, Inc.

Contact Information:
Chris Hix
Director of Investor Relations
+1 (770) 495-5100
investor-relations@roperind.com

FOR IMMEDIATE RELEASE

Roper Industries Achieves Record Second Quarter 2005 Results

Diluted Earnings Per Share of $0.82
Sales, Orders, Cash Flow and EBITDA Increase More Than 50%

Duluth, Georgia, July 27, 2005 ... Roper Industries, Inc. (NYSE: ROP) reported record results for the second quarter ended June 30, 2005. Diluted earnings per share (DEPS) were $0.82 in the quarter. Cash flow from operating activities grew 56% over the prior year to $63 million, which represents 176% of net earnings. EBITDA improved 57% to $80 million. Second quarter 2005 results include $0.02 per diluted share of tax benefits.

“Our focus on cash performance has led to strong results across our businesses,” said Brian Jellison, Roper’s Chairman, President and CEO. “We continue to make progress in improving margins and working capital efficiency, with second quarter EBITDA margins increasing year-over-year to 22.0% and net working capital decreasing to 17.3% of sales. Our growing cash flow supports our strategic acquisition program, including the recently announced acquisition of CIVCO.” CIVCO is a supplier of diagnostic and therapeutic disposable products used in conjunction with ultrasound imaging for minimally invasive procedures.

Roper reported net sales of $362 million in the second quarter, 56% higher than the prior year period. These results reflect the Company’s 11% internal growth in the second quarter, including strong internal growth in each of its reporting segments. Second quarter results also include substantial contributions from Roper’s recent acquisitions of two market leaders in the radio frequency (RF) market, TransCore and Inovonics. The Company achieved record orders of $364 million in the second quarter, an increase of 63%, including internal order growth of 15%.

“Our recent acquisitions are performing well,” said Mr. Jellison. “At the same time, our other businesses continue to benefit from our broad-based programs to improve distribution, capture market adjacencies and create innovative customer solutions. Our internal growth produced strong operating leverage, which exceeded 40% in the second quarter. We remain confident of our growth prospects this year.”

The Company raised its full year minimum EBITDA guidance from $314 million to $325 million. The Company also raised its full year DEPS guidance to $3.20-$3.35 from $3.15-$3.35, and initiated third quarter guidance of $0.84-$0.90. Today the Company separately announced a two-for-one split of its common stock in the form of a 100% stock dividend, to be distributed on August 26, 2005 to shareholders of record at the end of the day on August 12, 2005. The Company’s results and projections do not include the effects of this dividend.

Conference Call to be Held at 10:00 AM (ET) Tomorrow

A conference call to discuss these results has been scheduled for 10:00 AM ET on Thursday, July 28, 2005. The call can be accessed via webcast or by dialing +1 (800) 289-0507 (US/Canada) or +1 (913) 981-5540, using access code 2784010. Webcast information and conference call materials will be made available in the “Investor Information” section of Roper’s website (www.roperind.com) prior to the start of the call. Telephonic replays will be available for up to two weeks by calling +1 (719) 457-0820 and using the access code 2784010.

Table 1: Net Sales (Millions)

	Q2 2004		Q2 2005
Net Sales as Reported	$	232	$	362
Less: Net Sales from Acquisitions		(1)		(105	)
Internal Net Sales	$	231	$	257

Note to Table 1: To compute internal growth, the Company excludes sales from business units not owned for the entire length of the comparative periods being presented.

Table 2: Orders (Millions)

	Q2 2004		Q2 2005
Orders as Reported	$	223	$	364
Less: Orders from Acquisitions		(1)		(107	)
Internal Orders	$	222	$	257

Table 3: EBITDA (Millions)

	Q2 2004		Q2 2005		Full Year 2005E
Net Earnings	$	24	$	36	$	139+
Add: Interest Expense		7		11		44
Add: Income Taxes		10		16		69
Add: Depreciation and Amortization		10		17		73+
EBITDA	$	51	$	80	$	325+

Table 4: Tax Benefits (Millions, Except DEPS)

	Q2 2005
Tax Benefits	$	1.0
Divided by: Weighted Average Common Shares, Diluted		43.5
DEPS Benefit	$	0.02

About Roper Industries

Roper Industries is a diversified industrial growth company with more than $1 billion of annualized revenues. Roper provides engineered products and solutions for global niche markets, including water, energy, radio frequency and research/medical applications. Additional information about Roper Industries is available on the Company’s website at www.roperind.com.

The information provided in this press release contains forward looking statements within the meaning of the federal securities laws. These forward looking statements include, among others, statements regarding year-end operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to compete in their markets and contribute to future growth and profit expectations. Forward looking statements may be indicated by words or phrases such as “anticipate,” “estimate,” “plans,” “expects,” “projects,” “should,” “will,” “believes” or “intends” and similar words and phrases. These statements reflect management’s current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward looking statement. Such risks and uncertainties include our ability to integrate our acquisitions and realize expected synergies. We also face other general risks, including our ability to realize cost savings from our operating initiatives, unfavorable changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, difficulties in making and integrating acquisitions, risks associated with newly acquired businesses, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, environmental compliance costs and liabilities, risks and cost associated with asbestos related litigation and potential write-offs of our substantial intangible assets, and risks associated obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

_________________

Roper Industries, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets (unaudited)

(Amounts in thousands)

	June 30, 2005			December 31, 2004
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	68,399		$	129,419
Accounts receivable		249,062			242,014
Inventories		138,363			132,282
Deferred taxes		20,662			20,485
Other current assets		50,711			31,960
Total current assets		527,197			556,160
PROPERTY, PLANT AND EQUIPMENT, NET		100,000			97,949
OTHER ASSETS:
Goodwill		1,270,483			1,144,035
Other intangible assets, net		485,514			487,173
Deferred taxes		20,991			34,205
Other assets		45,466			46,882
Total other assets		1,822,454			1,712,295
TOTAL ASSETS	$	2,449,651		$	2,366,404
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$	62,709		$	65,801
Accrued liabilities		141,339			145,880
Deferred taxes		4,112			5,342
Current portion of long-term debt		35,980			36,527
Total current liabilities		244,140			253,550
NONCURRENT LIABILITIES:
Long-term debt		883,259			855,364
Deferred taxes		141,617			125,984
Other liabilities		19,156			17,420
Total liabilities		1,288,172			1,252,318
STOCKHOLDERS' EQUITY:
Common stock		440			436
Additional paid-in capital		659,901			645,373
Retained earnings		469,690			415,188
Accumulated other comprehensive earnings		54,395			76,249
Treasury stock		(22,947	)		(23,160	)
Total stockholders' equity		1,161,479			1,114,086
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	2,449,651		$	2,366,404

Roper Industries, Inc. and Subsidiaries
Condensed Consolidated Statements of Earnings (unaudited)

(Amounts in thousands, except per share data)

	Three months ended June 30,				Six months ended June 30,
	2005		2004		2005		2004
Net sales	$	361,564	$	232,434	$	695,401	$	453,074
Cost of sales		181,622		116,419		352,835		227,621
Gross profit		179,942		116,015		342,566		225,453
Selling, general and administrative expenses		117,550		75,307		228,310		151,773
Income from operations		62,392		40,708		114,256		73,680
Interest expense		10,957		6,836		21,334		13,739
Other income/(expense)		231		12		243		35
Earnings before income taxes		51,666		33,884		93,165		59,976
Income taxes		16,104		10,334		29,592		18,292
Net Earnings	$	35,562	$	23,550	$	63,573	$	41,684
Earnings per share:
Basic:	$	0.83	$	0.64	$	1.49	$	1.13
Diluted	$	0.82	$	0.63	$	1.47	$	1.12
Weighted average common and common
equivalent shares outstanding:
Basic		42,716		36,863		42,626		36,784
Diluted		43,464		37,468		43,347		37,375

Roper Industries, Inc. and Subsidiaries
Selected Segment Financial Data (unaudited)

(Amounts in thousands and percents of net sales)

	Three months ended June 30,										Six months ended June 30,
	2005					2004					2005					2004
	Amount		%			Amount		%			Amount		%			Amount		%
Net sales:
Instrumentation	$	56,114				$	49,702				$	110,620				$	98,827
Industrial Technology		110,787					100,961					213,274					194,079
Energy Systems & Controls		45,418					36,261					85,733					68,338
Scientific & Industrial Imaging		50,722					45,510					94,980					91,830
RF Technology		98,523					--					190,794					--
Total	$	361,564				$	232,434				$	695,401				$	453,074
Gross profit:
Instrumentation	$	32,546		58.0	%	$	28,529		57.4	%	$	64,151		58.0	%	$	57,760		58.4	%
Industrial Technology		49,042		44.3	%		43,027		42.6	%		93,955		44.1	%		80,512		41.5	%
Energy Systems & Controls		24,821		54.7	%		18,973		52.3	%		45,058		52.6	%		36,591		53.5	%
Scientific & Industrial Imaging		28,315		55.8	%		25,486		56.0	%		53,017		55.8	%		50,590		55.1	%
RF Technology		45,218		45.9	%		--					86,385		45.3	%		--
Total	$	179,942		49.8	%	$	116,015		49.9	%	$	342,566		49.3	%	$	225,453		49.8	%
Operating profit*:
Instrumentation	$	11,370		20.3	%	$	8,435		17.0	%	$	22,144		20.0	%	$	17,830		18.0	%
Industrial Technology		25,632		23.1	%		21,684		21.5	%		46,966		22.0	%		37,411		19.3	%
Energy Systems & Controls		10,841		23.9	%		6,848		18.9	%		18,794		21.9	%		11,649		17.0	%
Scientific & Industrial Imaging		8,357		16.5	%		7,385		16.2	%		15,174		16.0	%		14,380		15.7	%
RF Technology		12,573		12.8	%		--					23,746		12.4	%		--
Total	$	68,773		19.0	%	$	44,352		19.1	%	$	126,824		18.2	%	$	81,270		17.9	%
Net Orders:
Instrumentation	$	56,225				$	49,132				$	109,195				$	97,560
Industrial Technology		111,865					96,615					222,191					189,310
Energy Systems & Controls		37,373					31,851					77,017					65,745
Scientific & Industrial Imaging		56,382					45,429					101,329					90,499
RF Technology		101,799					--					185,084					--
Total	$	363,644				$	223,027				$	694,816				$	443,114

* Operating profit is before unallocated corporate general and administrative expenses. Such expenses were $6,381 and $3,644 for the three months ended June 30, 2005 and 2004, respectively, and $12,568 and $7,590 for the six months ended June 30, 2005 and 2004, respectively.

Roper Industries, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows (unaudited)

(Amounts in thousands)

	Six months ended June 30,
	2005			2004
Net earnings	$	63,573		$	41,684
Depreciation		13,684			8,845
Amortization		21,008			10,766
Other, net		3,118			4,646
Cash provided by operating activities		101,383			65,941
Business acquisitions, net of cash acquired		(177,375	)		(51,511	)
Capital expenditures		(10,500	)		(5,125	)
Other, net		(1,600	)		(1,307	)
Cash used by investing activities		(189,475	)		(57,943	)
Debt borrowings/(payments), net		32,893			(30,752	)
Issuance of common stock		--			28,873
Dividends		(9,032	)		(7,104	)
Other, net		8,785			6,183
Cash used by financing activities		32,646			(2,800	)
Effect of exchange rate changes on cash		(5,574	)		(699	)
Net increase in cash and equivalents		(61,020	)		4,499
Cash and equivalents, beginning of period		129,419			70,234
Cash and equivalents, end of period	$	68,399		$	74,733