UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 
FORM 11-K 
 	(Mark One) 	

 	[X]        Annual Report pursuant to Section 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2003. 	

 	[    ]       Transition report pursuant to Section 15(d) of the Securities Exchange Act of 1934 for the transition period from                 to                . 	

Commission file number 1-12273 
A.   Full title of the plan and the address of the plan, if different from that of the issuer named below
Roper Industries, Inc.  Employees’ Retirement Savings 004 Plan. 
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: 
Roper Industries, Inc., 2160 Satellite Blvd., Duluth, GA 30097.

Roper Industries, Inc. 
Employees’ Retirement Savings 004 Plan 

Financial Statements 

Years Ended December 31, 2003 and 2002 

Roper Industries, Inc. 
Employees’ Retirement Savings 004 Plan 
Contents 
		
Report of Independent Registered Public Accounting Firm	2 	
Financial Statements		
        Statements of net assets available for benefits	3 	
        Statements of changes in net assets available for benefits	4 	
        Notes to financial statements	5-8	
Supplemental Schedule		
        Schedule of assets (held at end of year)	10 	
Report of Independent Registered Public Accounting Firm 
Plan Administrator and Trustee 
Roper Industries Inc. Employees’ Retirement Savings 004 Plan
Duluth, Georgia 
We have audited the accompanying statements of net assets available for benefits of Roper Industries Inc. Employees’ Retirement Savings 004 Plan (Plan) as of December 31, 2003 and 2002, and the related statements of changes in net assets available for benefits for the year ended December 31, 2003. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. 
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. 
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2003 and 2002, and the changes in net assets available for benefits for the year ended December 31, 2003, in conformity with accounting principles generally accepted in the United States of America. 
Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. 
BDO Seidman, LLP
Atlanta, Georgia
October 12, 2004 

Roper Industries, Inc.
Employees’ Retirement Savings 004 Plan 
Statements of Net Assets Available for Benefits 
(amounts in thousands) 
	December 31,
	
	2003
	2002
	
Assets	 	 	 		 	 		 	
Cash and cash equivalents	 	 	$	--	 	$	--	 	
Investments, at fair market value (Notes 2 and 3)	 	 		
   Mutual funds	 	 	 	12,836	 	 	10,207	 	
   Common collective trusts	 	 	 	6,093	 	 	5,602	 	
   Roper Industries, Inc. common stock	 	 	 	1,882	 	 	1,406	 	
   Participant loans	 	 	 	405	 	 	372	 	
			
Total investments	 	 	 	21,216	 	 	17,587	 	
			
Receivables	 	 		
   Participant contributions	 	 	 	158	 	 	188	 	
   Employer contributions	 	 	 	59	 	 	67	 	
			
Total receivables	 	 	 	217	 	 	255	 	
			
Net assets available for benefits	 	 	$	21,433	 	$	17,842	 	
			
See accompanying independent auditors’ report and notes to financial statements. 

Roper Industries, Inc.
Employees’ Retirement Savings 004 Plan 
Statements of Changes in Net Assets Available for Benefits 
(amounts in thousands) 
	December 31,
	
	2003
	2002
	
Additions	 	 	 		 	 		 	
Contributions:	 	 		
   Participant contributions	 	 	$	3,077	 	$	3,347	 	
   Employer contributions	 	 	 	1,013	 	 	1,103	 	
   Rollover contributions	 	 	 	927	 	 	1,225	 	
			
Total contributions	 	 	 	5,017	 	 	5,675		
				
Investment income (loss):	 	 		
   Net appreciation (depreciation) in fair market value of:	 	 		
     Mutual funds	 	 	 	2,469	 	 	(2,770	)	
     Common collective trusts	 	 	 	681	 	 	(633	)	
     Roper Industries, Inc. common stock	 	 	 	512	 	 	(424	)	
   Investment income from:	 	 		
     Mutual funds	 	 	 	171	 	 	159	 	
     Common collective trusts	 	 	 	153	 	 	155	 	
     Roper Industries, Inc. common stock	 	 	 	14	 	 	10	 	
      Participant loans	 	 	 	20	 	 	24	 	
			
Total investment income (loss)	 	 	 	4,020	 	 	(3,479	)	
			
Total additions	 	 	 	9,037	 	 	2,196	 	
			
Deductions	 	 		
   Benefits paid to participants	 	 	 	4,246	 	 	2,411	 	
   Administrative expenses	 	 	 	3	 	 	3	 	
			
Total deductions	 	 	 	4,249	 	 	2,414	 	
			
Net increase (decrease) in net assets	 	 	 	4,788	 	 	(218	)	
Transfers out to qualified Plan (see Note 1)	 	 	 	(1,197	)	 	--	 	
Net assets available for benefits, beginning of the year	 	 	 	17,842	 	 	18,060	 	
			
Net assets available for benefits, end of the year	 	 	$	21,433	 	$	17,842	 	
			
See accompanying independent auditors’ report and notes to financial statements. 

Roper Industries, Inc.
Employees’ Retirement Savings 004 Plan 
Notes to Financial Statements
1.	Description of the Plan The following description of the Roper Industries, Inc. Employees’ Retirement Savings 004 Plan (the “Plan”) provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan’s provisions. 	

 	a. 	General — The Plan is a defined contribution plan covering all employees of certain subsidiaries of Roper Industries, Inc. (the “Company”), who are age eighteen or older and have completed six months of service, as defined in the Plan. Certain participants who become employees of the Company as a result of mergers or acquisitions are given credit for their prior service for purposes of determining eligibility and vesting. It is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. Effective January 2002, the Plan was amended to incorporate certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). 	

 		During 2003, the plan transferred assets from the Roper Industries, Inc. Employees’Retirement Savings 004 Plan into the Roper Industries, Inc. Employees’ Retirement Savings 003 Plan. The transferred amounts were based upon what division under Roper Industries, Inc. the employee worked for. 	

 	b. 	Contributions — Previously, participants could contribute up to 20 percent of pre-tax annual compensation, as defined in the Plan. Effective January 1, 2002 participants may contribute up to 30 percent of pretax annual compensation as defined in the Plan. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans. Participants direct the investment of their contributions into various investment options offered by the Plan. The Plan currently offers two common collective trusts, ten mutual funds, and Roper Industries, Inc. common stock as investment options for participants. The Company contributes 50 percent of the first 6 percent of base compensation that a participant contributes to the Plan or 50 percent of the first 8 percent of base compensation that a participant contributes to the Plan depending on the Company. Contributions are subject to certain limitations. 	

 	c. 	Participant Accounts — Each participant’s account is credited with the participant’s contributions, an allocation of the Company’s matching contributions and Plan earnings and is charged with an allocation of administrative expenses. Allocations are based on the participant’s account balance, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. 	

 	d. 	Vesting — Participants are immediately vested in their contributions plus actual earnings thereon. Vesting in the Company’s contribution portion of their accounts is based on years of continuous service. Participants vest over a five year period beginning with 20 percent after one year of service and 20 percent each year thereafter, and are 100 percent vested after 5 years. 	

 	e. 	Participant Loans - Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50 percent of their vested account balance. The loans are secured by the balance in the participant’s account and bear interest at rates that range from 5.0 percent to 11.0 percent, which are commensurate with local prevailing rates as determined by the Plan administrator. Principal and interest is paid ratably through payroll deductions. 	

 	f. 	Payment of Benefits — On termination of service due to death, disability, retirement or separation from service subsequent to July 1, 2002, a participant will generally elect to receive their benefits as a lump-sum amount equal to the value of the participant’s vested interest in his or her account. Participants can elect to receive shares of the Company’s common stock if their total balance exceeds $5,000. For distributions prior to July 1, 2002, participants could have elected to receive their benefits in installments. Withdrawals from the Plan may also be made upon circumstances of financial hardship, in accordance with provisions specified in the Plan. 	

 	g. 	Forfeitures — Forfeitures by non-vested participants are used to reduce future Company contributions. Forfeitures used amounted to approximately $66,981 and $41,000 for the years ended December 31, 2003, and 2002, respectively. 	

 	h. 	Administrative Expenses -The majority of the administrative expenses of the Plan are paid by the Company. 	

2. Summary of Significant Accounting Policies 
 	Basis of Accounting —The financial statements of the Plan are prepared under the accrual method of accounting. 	

 	Management Estimates — The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. 	

 	Investment Valuation —The Plan’s investments are stated at fair market value based upon quoted market prices. Shares of mutual funds and common collective trusts are valued at the net asset value of shares held by the Plan at year end. Participant loans are valued at cost, which approximates fair value. 	

 	The Plan’s investment in the Scudder Stable Value Fund is stated at contract value in accordance with Statement of Position 94-4, “Reporting for Investment Contracts Held by Health and Welfare Benefit Plans and Defined Contribution Pension Plans.” 	

 	Payment of Benefits —Benefits are recorded when paid. 	

3.	Investments —The fair market value of individual investments that represent at least 5 percent or more of the Plan’s net assets available are as follows (amounts in thousands): 	

	2003
	2002
	
Scudder Stable Value Fund	 	 	$	3,211	 	$	3,156	 	
Scudder Stock Index Fund	 	 	 	2,882	 	 	2,446	 	
MFS Mid-Cap Growth Fund	 	 	 	2,148	 	 	1,559	 	
Scudder Large Company Growth Fund	 	 	 	2,076	 	 	1,882	 	
Roper Industries, Inc. common stock	 	 	 	1,883	 	 	1,407	 	
MFS Total Return Fund	 	 	 	1,799	 	 	1,616	 	
Scudder Growth and Income Fund	 	 	 	1,689	 	 	1,317	 	
PIMCO Total Return Fund	 	 	 	1,552	 	 	1,554	 	
Janus Worldwide Fund	 	 	 	1,390	 	 	1,215	 	
4.	Related Party Transactions Certain Plan investments are shares of mutual funds or common collective trusts managed by Scudder Trust Company. Scudder Trust Company is the trustee as defined by the Plan, and therefore, these transactions qualify as party-in-interest. The Plan offers Roper Industries, Inc. common stock as an investment option for participants. Roper Industries, Inc. is the Plan sponsor as defined by the Plan, and therefore, these transactions qualify as party-in-interest.	

5.	Plan Termination Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants would become 100 percent vested in their employer contributions. 	

6. 	Income Tax Status The Internal Revenue Service has determined and informed the Company by a letter dated October 20, 1999, that the Plan and related trust are designed in accordance with applicable sections of the Internal Revenue Code (IRC). The Plan has been amended since receiving the determination letter. However, the Plan administrator and the Plan’s tax counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC. 	

SUPPLEMENTAL SCHEDULE 

SUPPLEMENTAL SCHEDULE 
Roper Industries, Inc.
Employees’ Retirement Savings 004 Plan 
Schedule of Assets (Held at End of Year) 
December 31, 2003 
(dollar amounts in thousands) 
					
*	 	 	Mutual Funds:	 	 	 	 	 	 	 	 	 		 	
			MFS Total Return Fund	 	 	119,159 shares	 	 	a	 	 	$	1,799	 	
*	 	 	Scudder Growth and Income Fund	 	 	83,850 shares	 	 	a	 	 	 	1,689	 	
*	 	 	Scudder International Fund	 	 	15,912 shares	 	 	a	 	 	 	611	 	
*	 	 	Scudder Large Company Growth Fund	 	 	92,243 shares	 	 	a	 	 	 	2,076	 	
	 	 	American Century Equity Income Fund	 	 	37,198 shares	 	 	a	 	 	 	289	 	
	 	 	Janus Worldwide Fund	 	 	35,147 shares	 	 	a	 	 	 	1,390	 	
	 	 	MFS Mid-Cap Growth Fund	 	 	275,026 shares	 	 	a	 	 	 	2,148	 	
	 	 	PIMCO Total Return Fund	 	 	144,875 shares	 	 	a	 	 	 	1,552	 	
	 	 	RS Diversified Growth Fund	 	 	43,454 shares	 	 	a	 	 	 	972	 	
*	 	 	Scudder Dreman High Return Equity Fund	 	 	8,115 shares	 	 	a	 	 	 	310	 	
						
	 	 	Total Mutual Funds	 	 		 	 		 	 	 	12,836	 	
						
	 	 	Common Collective Trusts:	 	 		
*	 	 	Scudder Stable Value Fund	 	 	3,210,996 shares	 	 	a	 	 	 	3,211	 	
*	 	 	Scudder Stock Index Fund	 	 	88,290 shares	 	 	a	 	 	 	2,882	 	
						
	 	 	Total Common Collective Trusts	 	 		 	 		 	 	 	6,093	 	
						
*	 	 	Roper Industries, Inc.	 	 	38,216 shares of Company common stock	 	 	a	 	 	 	21,885	 	
	 	 	Participant loans	 	 	74 loans with interest rates	 	 		 	 	 		 	
	 	 		 	 	ranging from 5.0% to 11.0%	 	 		 	 	 	40	 	
						
	 	 	Total Investments:	 	 	 	 	 	 	 	 	$	21,216	 	
						
a The cost of participant directed investments is not required to be disclosed.
* Party-in-Interest. 

			
	Roper Industries, Inc. Employees’ Retirement Savings 004 Plan		
			
	(Name of Plan)		

	By: Roper Industries, Inc., Plan Administrator		
			
	By: /s/ Paul J. Soni		
			
	(Signature)		
			
	Paul J. Soni           April 25, 2005		
	Director of Accounting		

EXHIBIT INDEX 

Exhibit No.	Description of Exhibit	
23.1	Consent of Independent Accountants	
32.1	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	

Exhibit 23.1 
Consent of Independent Certified Public Accountants 
Roper Industries, Inc.
Employees’ Retirement Savings 004 Plan
Duluth, Georgia 
We consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-36897) pertaining to Roper Industries, Inc., of our report dated October 12, 2004, with respect to the 2003 financial statements and schedule of the Roper Industries, Inc. Employees’ Retirement Savings 004 Plan included in this Roper Industries, Inc. Employees’ Retirement Savings 004 Plan Annual Report on Form 11-K for the year ended December 31, 2003. 
BDO Seidman, LLP
Atlanta, Georgia
April 21, 2005 
Exhibit 32.1 
Certification Pursuant to 18 U.S.C. Section 1350, 
As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 
In connection with the Annual Report of the Roper Industries Inc., Employees' Retirement Savings 004 Plan (the “Plan”) on Form 11-K for the period ended December 31, 2003 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Paul J. Soni, the Administrator of the Plan, hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that: 
 	(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and 	

 	(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Plan. 	

	/s/Paul J. Soni	
		
	Paul J. Soni	
	Plan Administrator	
	April 25, 2005	
This certification accompanies the Report pursuant to § 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by Roper Industries, Inc. (the “Company”) for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. Additionally, a signed original of this certification required by Section § 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.