UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                ---------------

                                   FORM 10-Q

[X]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)  OF  THE
       SECURITIES EXCHANGE ACT  OF  1934
           For the quarterly period ended July 31, 1996
 
[ ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
       SECURITIES EXCHANGE ACT OF 1934
           For the transition period from            to          .
                                          ----------    ---------
 
                        Commission File Number 0-19818

                            ROPER INDUSTRIES, INC.
            (Exact name of registrant as specified in its charter)

        Delaware                                        51-0263969
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

         160 Ben Burton Road
          Bogart, Georgia                                  30622
   (Address of principal executive offices)              (Zip Code)

                                (706) 369-7170
             (Registrant's telephone number, including area code)

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.   Yes    X     No          
                                          -----      -----

The number of shares outstanding of the Registrant's common stock as of
September 10, 1996 was 15,153,586.

ROPER INDUSTRIES, INC.

REPORT ON FORM 10-Q FOR THE QUARTER ENDED JULY 31, 1996

TABLE OF CONTENTS

 
 
                                                                      Page
                                                                      ----

PART I.    FINANCIAL INFORMATION

Item 1.  Financial Statements:

         Condensed Consolidated Statements of Earnings                  1
                                                         
         Condensed Consolidated Balance Sheets                          2
                                                         
         Condensed Consolidated Statements of Cash Flows                3
 
         Notes to Condensed Consolidated Financial Statements           4
 
Item 2.  Management's Discussion and Analysis of Financial
          Condition and Results of Operations                           7
 
PART II.  OTHER INFORMATION

Item 6.   Exhibits and Reports on Form 8-K                             12

          Signatures                                                   13

                                       i

PART I.  FINANCIAL INFORMATION
 
Item 1.  Financial Statements
 
Roper Industries, Inc. and Subsidiaries
Condensed Consolidated Statements of Earnings (Unaudited)
(In thousands, except per share data)

 
                                    Three Months Ended     Nine Months Ended
                                         July 31,              July 31,
                                      1996      1995        1996      1995
- --------------------------------------------------------------------------------
                                                         
Net sales                           $ 59,947  $ 47,095   $ 159,948  $ 121,328
Cost of sales                         30,259    21,634      78,760     58,330
- --------------------------------------------------------------------------------
                                                                     
Gross profit                          29,688    25,461      81,188     62,998
                                                                     
Selling, general and                                                 
     administrative expenses          18,242    14,676      47,409     39,847
- --------------------------------------------------------------------------------
                                                                     
Income from operations                11,446    10,785      33,779     23,151
                                                                     
Interest expense                       1,099       519       1,778      1,499
Other income                              14        31         106        101
- --------------------------------------------------------------------------------
                                                                     
Earnings before income taxes          10,361    10,297      32,107     21,753
                                                                     
Income taxes                           3,372     3,629      10,656      7,633
- --------------------------------------------------------------------------------
                                                                     
Net earnings                        $  6,989  $  6,668   $  21,451  $  14,120
================================================================================
                                                                     
Per share data:                                                      
Earnings per common share (note 2)  $   0.45  $   0.44   $    1.39  $    0.94
================================================================================
Cash dividends per common share     $  0.075  $   0.05   $   0.225  $    0.15
================================================================================
                                                                     
Weighted average common                                              
shares outstanding                    15,522    15,198      15,417     15,098
================================================================================

    See accompanying notes to condensed consolidated financial statements.

                                       1

Roper Industries, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands)

 
                                                        July 31,   October 31,
ASSETS                                                   1996         1995
- --------------------------------------------------------------------------------
                                                             
CURRENT ASSETS
Cash and cash equivalents                              $     569  $   2,322
Receivables (note 3)                                      49,687     38,853
Inventories (note 5)                                      32,945     23,330
Other current assets                                       3,121      2,063
- --------------------------------------------------------------------------------
 
Total current assets                                      86,322     66,568
- --------------------------------------------------------------------------------
PROPERTY, PLANT & EQUIPMENT
Property, plant and equipment                             51,935     45,583
Less: accumulated depreciation                           (27,518)   (24,834)
- --------------------------------------------------------------------------------
 
Property, plant and equipment, net                        24,417     20,749
- --------------------------------------------------------------------------------

INTANGIBLES & OTHER ASSETS, NET                          134,389     68,228
- --------------------------------------------------------------------------------

TOTAL ASSETS                                           $ 245,128  $ 155,545
================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY
- --------------------------------------------------------------------------------
CURRENT LIABILITIES                                               
Accounts payable                                       $  10,608  $   7,690
Other current liabilities                                 16,343     15,051
Income taxes payable                                       1,118      4,959
- --------------------------------------------------------------------------------
                                                                  
Total current liabilities                                 28,069     27,700
- --------------------------------------------------------------------------------
NON-CURRENT LIABILITIES                                           
Long-term debt                                            82,597     20,150
Other liabilities                                          3,252      2,100
- --------------------------------------------------------------------------------
                                                                  
Total liabilities                                        113,918     49,950
- --------------------------------------------------------------------------------
STOCKHOLDERS' EQUITY                                              
Preferred stock                                                -          -
Common stock                                                 151        149
Additional paid-in capital                                50,927     43,379
Retained earnings                                         80,132     62,067
- --------------------------------------------------------------------------------
                                                                  
Total stockholders' equity                               131,210    105,595
- --------------------------------------------------------------------------------
                                                                  
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY              $245,128   $155,545
================================================================================

    See accompanying notes to condensed consolidated financial statements.

                                       2

Roper Industries, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)

 
 
                                                          Nine Months Ended
                                                               July 31,
                                                           1996        1995
- ------------------------------------------------------------------------------ 
                                                                
Net cash provided by operating                         
     activities                                          $ 18,147    $  9,790
- ------------------------------------------------------------------------------ 
                                                       
Cash flows from investing activities:                  
     Acquisitions of businesses, net of cash acquired     (74,718)    (12,002)
     Capital expenditures                                  (4,160)     (1,997)

- ------------------------------------------------------------------------------ 

        Net cash used in investing activities             (78,878)    (13,999)
- ------------------------------------------------------------------------------ 
                                                       
Cash flows from financing activities:                  
     Proceeds from long-term debt                          75,702      27,257
     Principal payments on long-term debt                 (13,272)    (21,437)
     Decrease in bank overdraft                              (699)       (172)
     Dividends paid on common stock                        (3,385)     (2,231)
     Other                                                    670         419
- ------------------------------------------------------------------------------ 
                                                       
        Net cash provided by financing activities          59,016       3,836
- ------------------------------------------------------------------------------ 
                                                       
Effect of exchange rate changes on cash                       (38)        108
                                                       
Net decrease in cash and cash                          
     equivalents                                           (1,753)       (265)
- ------------------------------------------------------------------------------ 
                                                       
Cash and cash equivalents, beginning of period              2,322       2,023
                                                       
Cash and cash equivalents, end of period                 $    569    $  1,758
- ------------------------------------------------------------------------------ 

    See accompanying notes to condensed consolidated financial statements.

                                       3

Roper Industries, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements

1.   Basis of Presentation

The accompanying condensed consolidated financial statements for the three-month
and nine-month periods ended July 31, 1996 and 1995 are unaudited.  In the
opinion of management, the accompanying unaudited consolidated financial
statements reflect all adjustments, which include only normal recurring
adjustments, necessary to present fairly the financial position, results of
operations and cash flows of Roper Industries, Inc. and its wholly-owned
subsidiaries ("the Company") for all periods presented.

The results of operations are not necessarily indicative of the results to be
expected for the full fiscal year.  It is recommended that these unaudited
condensed consolidated financial statements be read in conjunction with the
consolidated financial statements and the notes thereto included in the
Company's 1995 Annual Report on Form 10-K as filed with the Securities and
Exchange Commission.

2.   Earnings Per Share

Earnings per common share is calculated by dividing net earnings by the weighted
average common and common equivalent shares outstanding during the period.
Common stock equivalents consist of stock options.  There is no difference
between earnings per share on a primary or fully diluted basis.

3.   Concentration of Credit Risk

At July 31,1996, the Company had approximately $9.1 million of trade receivables
due from Gazprom, the Russian natural gas company, of which $1.5 million is
classified as long term assets in the accompanying condensed consolidated
balance sheet. Subsequent to quarter end, the Company received another payment
from Gazprom totaling $3.3 million.  Based on past credit experience with this
customer, management believes that these receivables will be collected.

4.   Supplemental Cash Flow Information

Cash payments for the nine months ended July 31, 1996 and 1995 included interest
of $1,108,000 and $1,286,000, respectively and income taxes of $13,720,000 and
$10,695,000, respectively.

                                       4

Supplemental schedule of noncash investing and financing activities:
In connection with the businesses acquired, liabilities were assumed as follows:

                                            Nine Months Ended
                                                 July 31,
                                             1996        1995
                                            ------------------
                                                  
         Fair value of assets acquired     $ 86,222    $ 14,925
         Cash paid for assets acquired      (75,702)    (12,435)  
         Common stock issued                 (5,700)     (1,814)
         ------------------------------------------------------- 

         Total liabilities assumed         $  4,820    $    676
         ------------------------------------------------------- 

5.   Inventories

Inventories are summarized below (in thousands):

                                    July 31,          October 31,
                                      1996               1995
     ------------------------------------------------------------- 
                                                
     Raw materials and supplies   $  17,004          $  12,052
     Work in process                  9,851              6,218
     Finished products                7,745              6,576
     Less LIFO Reserve               (1,655)            (1,516)
     ------------------------------------------------------------- 

            Total                 $  32,945          $  23,330
     =============================================================

6.   Business Acquisitions

On May 22, 1996 the Company acquired Fluid Metering, Inc. ("FMI") which
manufactures and sells low-flow, precision dispense pumps.  The purchase price
for the acquisition was approximately $30.2 million, consisting of (i) $23.0
million in cash, (ii) 124,026 shares of the Company's common stock valued at
$5.7 million, (iii) $1,124,000 cash paid to FMI June 21, 1996 to fund the
redemption of its outstanding debentures, and (iv) $400,000 in cash to be paid
in equal installments on May 22, 1997 and 1998.  The cash portion of the
purchase price paid at closing was financed under the Company's existing credit
agreement.  The excess of the purchase price over the fair value of the net
assets acquired of $27.2 million is being amortized over 30 years.

On May 31, 1996 the Company acquired Gatan  International, Inc. (collectively
with its subsidiaries referred to as "Gatan"), which designs, manufactures, and
markets analytical systems and products used in the operation of transmission
and scanning electron microscopes.  The purchase price for the acquisition was
approximately $49.3 

                                       5

million, net of cash acquired. The purchase price was financed under the
Company's existing credit agreement. The excess of the purchase price over the
fair value of the net assets acquired of $36.9 million is being amortized over
30 years.

These acquisitions were accounted for by the purchase method of accounting, and
accordingly, the assets acquired and liabilities assumed were recorded at their
fair values.  The results of operations of the acquired companies were included
subsequent to their respective dates of acquisition.

7. Industry Segment

Sales and operating profit by industry segment are set forth in the following
table (in thousands):

                                          Three Months Ended                Nine Months Ended
                                                July 31,                         July 31,
                                        1996       1995      % Chg      1996        1995       % Chg
- ------------------------------------------------------------------------------------------------------ 
                                          (unaudited)                     (unaudited)
                                                                              
Net sales:
     Industrial Controls              $ 37,992   $ 26,577    43.0%   $  97,941   $  67,806     44.4%
     Fluid Handling                     21,955     20,518     7.0%      62,007      53,522     15.9%
- ------------------------------------------------------------------------------------------------------

             Total                    $ 59,947   $ 47,095    27.3%   $ 159,948   $ 121,328     31.8%
- ------------------------------------------------------------------------------------------------------

Gross profit:                                                                          
     Industrial Controls              $ 20,574   $ 15,200    35.4%   $  53,444   $  37,500     42.5%
     Fluid Handling                      9,114     10,261   -11.2%      27,744      25,498      8.8%
- ------------------------------------------------------------------------------------------------------ 

             Total                    $ 29,688   $ 25,461    16.6%   $  81,188   $  62,998     28.9%
- ------------------------------------------------------------------------------------------------------
Operating profit (a):                                                                  
     Industrial Controls              $  7,293   $  4,614    58.1%   $  19,476   $   9,347    108.4%
     Fluid Handling                      5,004      7,027   -28.8%      17,227      16,335      5.5%
- ------------------------------------------------------------------------------------------------------ 
             Total                    $ 12,297   $ 11,641     5.6%   $  36,703   $  25,682     42.9%
- ------------------------------------------------------------------------------------------------------ 

(a) Operating profit is before any allocation for corporate general and
administrative expenses. Corporate general and administrative expenses were
$851 for three months ended July 31, 1996 and $856 for three months ended July
31, 1995, and $2,924 and $2,531 for the nine months ended July 31, 1996 and
1995, respectively.

                                       6

ITEM 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations

This discussion should be read in conjunction with Management's Discussion and
Analysis included in the Company's latest Annual Report on Form 10-K.

1.   Results of operations

     General

For the current quarter and year-to-date, the Company achieved increased net
sales, net earnings and earnings per share.  These increases were due mainly to
the inclusion of the three latest acquisitions, Metrix Instrument Co. L.P.
("Metrix"), acquired in September 1995, and Gatan and FMI, acquired in May 1996,
and sales gains at most core businesses.

The following table sets forth certain information relating to the operations
of the Company expressed as a percentage of net sales:

                                          Three Months Ended   Nine Months Ended
                                                July 31,            July 31,
                                           1996       1995      1996     1995
- --------------------------------------------------------------------------------

Sales                                      100.0%     100.0%    100.0%   100.0%
Cost of sales                               50.5%      45.9%     49.2%    48.1%
- --------------------------------------------------------------------------------
 
Gross profit                                49.5%      54.1%     50.8%    51.9%
 
Selling, general and
     administrative expenses                30.4%      31.2%     29.7%    32.9%
- --------------------------------------------------------------------------------
 
Income from operations                      19.1%      22.9%     21.1%    19.0%
Interest expense                             1.8%       1.1%      1.1%     1.2%
Other income                                 0.0%       0.1%      0.1%     0.1%
- --------------------------------------------------------------------------------
 
Earnings before income taxes                17.3%      21.9%     20.1%    17.9%
Income taxes                                 5.6%       7.7%      6.7%     6.3%
- --------------------------------------------------------------------------------
 
Net earnings                                11.7%      14.2%     13.4%    11.6%
- --------------------------------------------------------------------------------

                                       7

The profit margins for each segment are listed below as a percentage of net 
sales.

                                Three Months Ended    Nine Months Ended
                                     July 31,             July 31,
                                1996         1995    1996         1995
- -------------------------------------------------------------------------- 

Gross profit:
     Industrial Controls        54.1%        57.2%   54.6%        55.3%
     Fluid Handling             41.5%        50.0%   44.7%        47.6%
- -------------------------------------------------------------------------- 
                                                          
Operating profit (a):                                     
     Industrial Controls        19.2%        17.4%   19.9%        13.8%
     Fluid Handling             22.8%        34.2%   27.8%        30.5%
- -------------------------------------------------------------------------- 

(a)  Before allocation of corporate general and administrative expenses

Three Months Ended July 31, 1996 Compared to 1995

Net sales totaled $59.9 million as compared to $47.1 million for the same period
last year. The Industrial Controls segment experienced an increase in net sales
totaling $11.4 million or 43%.  Completion of several significant equipment and
engineering projects at Compressor Controls Corporation and the inclusion of two
recent acquisitions, Metrix (acquired in September 1995) and Gatan (acquired in
May 1996) were the principal factors affecting this segment.  Net sales for the
Fluid Handling segment increased by $1.4 million to $22.0 million, an increase
of 7%.  Inclusion of FMI (acquired May 1996) offset a steep decline in sales
volume at Integrated Designs LP (IDI), which was adversely affected by a 
slow-down in the semi-conductor capital equipment market.

Gross profit of $29.7 million in the third quarter of 1996 increased by $4.2
million from the same period last year.  The gross margin declined to 49.5% as
compared to 54.1% for 1995.  The gross margin for the Industrial Controls
segment declined slightly due to a less favorable product mix, principally a
higher percentage of lower margin outsourced products shipped to Gazprom.  The
gross margin for the Fluid Handling segment decreased to 41.5% versus 50.0% for
1995, primarily due to lower margins at IDI caused by lower sales volumes,
vendor price increases, and increased discounted sales to OEM's, and lower sales
volumes at Roper Pump Company.

Selling, general and administrative expenses (S,G&A) increased by $3.6 million
to $18.2 million, an increase of 24%.  S,G&A as a percentage of net sales was
30.4% in 1996 and 31.2% in 1995.  Inclusion of Metrix, FMI, and Gatan in the
current quarter was the principal factor affecting S,G&A.

                                       8

Income from operations increased by $0.7 million to $11.4 million, while
operating margins decreased  to 19.1% versus 22.9% in the prior year period.  In
the Industrial Controls segment, operating profit (before allocation of
corporate administrative expenses) increased by $2.7 million to $7.3 million or
19.2% of net sales, principally due to the inclusion of Metrix and Gatan and
favorable operating leverage on the higher sales volume.  For the Fluid Handling
segment, operating profit (before allocation of corporate administrative
expenses)  decreased by $2.0 million to $5.0 million or 22.8% of net sales,
principally due to lower operating results at IDI.

Interest expense increased by $0.6 million to $1.1 million, principally due to
additional borrowings for the recent acquisitions.  The Company's effective tax
rate was 32.6% versus 35.2% for the same period last year.  The decrease in the
effective rate reflects an estimated higher tax benefit associated with foreign
sales, a reduction in the state income tax burden, and increased tax credits
related to research and experimentation costs.

Net earnings in the third quarter of 1996 were $7.0 million or $.45 per common
share as compared to $6.7 million or $.44 per common share for 1995.

For the current year quarter, bookings decreased by 20% to $54.1 million (pro
forma to include Metrix, FMI, and Gatan for 1995).  The decrease in bookings
largely reflect a $15.5 million order received from Gazprom in the prior year
quarter.  Excluding this order, bookings at core businesses increased by 4%.
Sales order backlog was $51.0 million and $46.6 million at July 31, 1996 and
1995, respectively.

Nine Months Ended July 31, 1996 Compared to 1995

Net sales totaled $159.9 million as compared to $121.3 million for the same
period last year.  The Industrial Controls segment experienced an increase in
net sales totaling $30.1 million or 44.4%.  Increased shipments to Gazprom,
inclusion of recent acquisitions, and sales gains at all of the remaining
companies accounted for the increase in this segment.  Net sales for the Fluid
Handling segment increased by $8.5 million to $62.0 million, an increase of 16%,
principally due to sales gains at IDI, occurring early in the fiscal year, and
the inclusion of FMI.

Gross profit of $81.2 million in 1996 increased by $18.2 million from the same
period last year, while the gross margin fell to 50.8% from 51.9% 1995. Both
business segments experienced slightly lower gross margins, with the decline in
the Industrial Controls segment being principally attributable to less favorable
product mix, while, the decline in the Fluid Handling segment largely occurred
at IDI.  IDI's lower gross margin was primarily caused by three factors: (i)
increasing concentration of sales to OEM's and (ii) higher field service
engineering costs to support business growth, and (iii) price pressures from
suppliers.

Selling, general and administrative expenses (S,G&A) increased by $7.6 million
to $47.4  million, an increase of 19%.  S,G&A as a percentage of net sales was
29.7% in 1996 and 

                                       9

32.9% in 1995. Inclusion of recent acquisitions and higher commission costs from
a changed mix of sales were the principal factors affecting S,G&A.

Income from operations increased by $10.6 million to $33.8 million, accompanied
by an increase in the operating margin to 21.1% versus 19.0% in the prior year
period.  In the Industrial Controls segment, operating profit (before allocation
of corporate administrative expenses) increased by $10.1 million to $19.5
million or 19.9% of net sales, principally due to the increased shipments to
Gazprom, inclusion of recent acquisitions, and sales gains in most core
businesses.  For the Fluid Handling segment, operating profit (before allocation
of corporate administrative expenses) increased by $.9 million to $17.2 million
or 27.8% of net sales.  Sales gains by Integrated Designs and inclusion of FMI
accounted for the majority of this increase.

Interest expense increased by $0.3 million or 19%, due to additional borrowing
to finance the recent acquisitions.  The Company's effective tax rate was 33.2%
versus 35.1% for the same period last year.  The decrease in the effective rate
reflects an estimated higher tax benefit associated with foreign sales and a
reduction in the state tax burden.

Net earnings for the first nine months of 1996 were $21.5 million or $1.39 per
common share as compared to $14.1 million of $.94  per common share for 1995.

For the current year, bookings totaled $157.8 million and were comparable with
the prior year period (pro forma to include Metrix, FMI, and Gatan for 1995).

2.  Financial Condition, Liquidity and Capital Resources

Working capital increased to $58.3 million at July 31, 1996 from $38.9 million
at October  31, 1995.  The acquisitions of FMI and Gatan contributed $10.2
million to the increase in working capital.  The balance of the change is
principally due to an increase in accounts receivable and a reduction in income
taxes payable.  The increase in accounts receivable was comparable with the
growth in net sales.  For the first nine months, cash flow from operations was
$18.1 million as compared to $9.8 million for the same period last year.  The
increase in cash flow from operations resulted from higher net earnings for the
period.  Capital expenditures totaled $4.2 million as compared to $2.0 million
for the nine months ended July 31, 1995.  Fiscal 1996 included the addition of a
large machining center in the Fluid Handling segment.

In May 1996, Roper modified its principal bank credit agreement, raising the
borrowing capacity to $100 million, up from $50 million, and obtained more
favorable financing terms. Total long-term debt increased from $20.2 million at
October 31, 1995 to $82.6 million.  This increase in long-term debt resulted
from financing the acquisitions of FMI and Gatan, totaling $74.7 million.  As of
July 31, 1996, the Company had $19.9 million available under its revolving line
of credit.  Long-term debt to total capitalization was 38.6% at July 31, 1996 as
compared to 16.0% at previous fiscal year-end.  The increase in intangible

                                       10

assets reflects the goodwill, totaling $64.1 million, recorded from the
acquisitions of FMI and Gatan, and other intangible assets acquired at Gatan
totaling $3.7 million.

The Company believes that internally generated cash flow and the available
unused line of credit will be adequate to finance normal operating requirements.
However, the rate at which the Company can reduce its debt in the balance of
fiscal 1996 and beyond (and reduce the associated interest expense) will be
affected by both the financing of any new acquisitions and the receipt, timing
and shipments of new orders from Gazprom.  The Company continues to cooperate
with Gazprom in arranging for financing of its business with the Company to
facilitate a more even and predictable flow of future shipments.   Gazprom
formally applied in the 1996 second quarter for U.S. Export Import Bank
guarantee assistance for additional purchases from CCC over the next five years,
and following the third quarter's close, the Bank preliminarily approved the
application and referred it for Congressional review as required by law.
However, availability of this financing still requires the Bank's final
commitment and mutually satisfactory documentation.  Every aspect of the
Company's future business with Gazprom will continue to require the involvement
of  and cooperation of numerous managers at different authority levels within
Gazprom and its affiliates.  This business will continue to  be subject to
unpredictable credit, financing and other business and political risks, and
cannot be assured.

                                       11

Part II - Other Information

Item 6.  Exhibits and Reports on Form 8-K

a.  Exhibits

  * 3.1  Amended and Restated Certificate of Incorporation.

  * 3.2 Amended and Restated By-Laws.

  * 4.1 Second Amended and Restated Credit Agreement dated May 8, 1996, by and
        between Roper Industries, Inc. and NationsBank, N.A. (South) as
        initial lender and agent.

 ** 4.2  First Modification of Second Amended and Restated Credit Agreement

    11(a) Statement re Computation of Per Share Earnings- Primary

    11(b) Statement re Computation of Per Share Earnings- Fully- Diluted

     27  Financial Data Schedule

b.  Reports on Form 8-K

     (i) Report on Form 8-K dated June 5, 1996 and filed June 6, 1996, reporting
     under Item 2 thereof the Company's May 22, 1996, acquisition of Fluid
     Metering, Inc., but excluding the report of financial statements under Item
     7 thereof, which financial statements were subsequent provided in the
     Company's Report on Form 8-K/A dated August 1, 1996 and filed August 2,
     1996.

     (ii) Report on Form 8-K dated June 13, 1996 and filed June 14, 1996
     reporting under Item 2 thereof the Company's May 31, 1996 acquisition of
     Gatan International, Inc., but excluding the report of financial statements
     under Item 7 thereof, which financial statements were subsequently provided
     in the Company's Report on Form 8-K/A dated and filed August 12, 1996.

- -------------------------------------

* Incorporated herein by this reference to Roper Industries, Inc. Report on Form
8-K dated June 5, 1996 and filed June 6, 1996.

** Incorporated herein by reference to Roper Industries, Inc. Report on Form 8-
K/A dated August 1, 1996 and filed August 2, 1996.

                                       12

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the Registrant and
in the capacities and on the dates indicated.  Reference source not found.

  Signature                     Title                        Date
  ---------                     -----                        ----

/s/ Derrick N. Key           President and Chief
- ----------------------       Executive Officer            September 11, 1996
Derrick N. Key                                            -------------------

/s/ Martin S. Headley        Vice President and
- ----------------------       Chief Financial Officer      September 11, 1996
Martin S. Headley                                         ------------------ 

                                       13

                                 EXHIBIT INDEX
                            TO REPORT ON FORM 10-Q

Number                   Exhibit
- ------                   -------

3.1                      Amended and Restated Certificate of Incorporation,
                         included as Exhibit 3.1 in the June 5, 1996 Roper
                         Industries, Inc. Report on Form 8-K filed June 6, 1996,
                         and incorporated herein by this reference.

3.2                      Amended and Restated By-Laws, included as Exhibit 3.2
                         in the June 5, 1996 Roper Industries, Inc. Report on
                         Form 8-K filed June 6, 1996, and incorporated herein by
                         this reference.

4.1                      Second Amended and Restated Credit Agreement dated May
                         8, 1996, by and between Roper industries, Inc. and
                         NationsBank, N.A. (South) as initial lender and as
                         agent, included as Exhibit 4 in the June 5, 1996 Roper
                         Industries, Inc. Report on Form 8-K filed June 6, 1996,
                         and incorporated herein by this reference.

4.2                      First Modification of Second Amended and Restated
                         Credit Agreement, included as Exhibit 4.2 in the August
                         1, 1996 Roper Industries, Inc. Report on Form 8-K/A
                         filed on August 2, 1996, and incorporated herein by
                         this reference.

11(a)                    Statement re Computation of Per Share 
                         Earnings - Primary

11(b)                    Statement re Computation of Per Share 
                         Earnings - Fully - Diluted

27                       Financial Data Schedule

                                       a

Roper Industries, Inc. and Subsidiaries                            Exhibit 11(a)
Statement re: Computation of Primary Earnings Per Share
(In thousands, except per share data)

                                                Three Months Ended         Nine Months Ended
                                                     July 31,                   July 31,
                                                1996         1995          1996         1995
                                             ------------------------   ------------------------

Net earnings                                 $     6,989  $     6,668   $    21,451  $    14,120
                                             ------------------------   ------------------------
                                            
Common and common equivalent shares         
 used to compute earnings per share:        
                                            
Weighted average number of common           
 shares outstanding                           15,106,296   14,907,950    15,022,748   14,859,547

Common stock equivalents-stock options (a)       415,731      290,095       394,693      238,433

                                             ------------------------   ------------------------
Weighted average common and common           
 equivalent shares outstanding                15,522,027   15,198,045    15,417,441   15,097,980
                                             ------------------------   ------------------------

Net earnings per common share                $      0.45  $      0.44   $      1.39  $      0.94
                                             ------------------------   ------------------------

(a) Employee stock options outstanding are included in the calculation of 
    primary earnings per share by applying the "Treasury Stock" method.  Such 
    calculations are made using the average daily market prices for the period.

                                       b

Roper Industries, Inc. and Subsidiaries                            Exhibit 11(b)
Statement re: Computation of Fully-Diluted Earnings Per Share
(In thousands, except per share data)

                                                Three Months Ended         Nine Months Ended
                                                     July 31,                   July 31,
                                                1996         1995          1996         1995
                                             ------------------------   ------------------------

Net earnings                                 $     6,989  $     6,668   $    21,451  $    14,120
                                             ========================   ========================
                                             
Common and common equivalent shares         
 used to compute earnings per share:        
                                            
Weighted average number of common           
 shares outstanding                           15,106,296   14,907,950    15,022,748   14,859,547

Common stock equivalents-stock options (a)       415,760      295,700       396,713      294,786

                                             ------------------------   ------------------------
Weighted average common and common          
 equivalent shares outstanding                15,522,056   15,203,650    15,419,461   15,154,333
                                             ========================   ========================

Net earnings per common share                $      0.45  $      0.44   $      1.39  $      0.93
                                             ========================   ========================

(a) Employee stock options outstanding are included in the calculation of 
    fully diluted earnings per share by applying the "Treasury Stock" method. 
    Such calculations are made using the higher of the average daily market 
    prices or the market price at the end of quarter, in order to reflect the 
    maximum potential dilution.

                                       c

 5

                   9-MOS
                          OCT-31-1996
                             NOV-01-1995
                               JUL-31-1996
                                             569
                                         0
                                   50,256
                                         0
                                     32,945
                                 2,552
                                          51,935
                                  27,518
                                 245,128
                           28,069
                                              0
                                0
                                          0
                                           151
                                     131,059
                   245,128
                                        159,948
                               160,054
                                           78,760
                                   78,760
                                     0
                                     0
                               1,778
                                 32,107
                                    10,656
                             21,451
                                       0
                                      0
                                            0
                                    21,451
                                     1.39
                                     1.39