Roper Technologies, Inc. - ROP STOCK NEWS

Aderant has appointed Doug Matthews as Chief Product Officer and Andrew Hoyt as Chief Technology Officer, enhancing its leadership team. These appointments follow the company's significant global growth, driven by recent acquisitions. Matthews, with over 20 years of product leadership experience, aims to broaden Aderant's product offerings. Hoyt, previously with NCR Corporation, will focus on cloud transition and technical vision. Additionally, Jessica Kattman has been promoted to Vice President of Global Marketing and Communications. Aderant's strategic moves underscore its commitment to innovation and expanding its market presence under the leadership of Chris Cartrett.

Roper Technologies reported strong financial results for Q4 and full year 2022. Revenue for Q4 rose 14% to $1.43 billion, with organic revenue up 7%. GAAP DEPS increased by 48% to $2.32, while adjusted DEPS rose 17% to $3.92. For the full year, revenue climbed 11% to $5.37 billion. Major highlights include a $4.3 billion deployment toward acquisitions and a 9% organic growth rate in recurring revenue. Looking ahead, Roper projects 2023 adjusted DEPS between $15.90 and $16.20, with organic revenue growth of 5-6%. However, they reported a legal settlement charge of $45 million impacting their GAAP results.

In December 2022, DAT Freight & Analytics reported a notable uptick in spot truckload freight rates, marking the first month-over-month increase since January. The DAT Truckload Volume Index for van freight reached 215, reflecting a 4% decline from November but the second-highest December ever recorded. Spot rates for vans rose to $2.41 per mile, while refrigerated rates increased to $2.82 per mile. The national average line-haul rate for van freight also surged to $1.83 per mile. Despite these increases, contract rates declined, narrowing the gap between spot and contract rates significantly. Expect soft volumes in January and February.

Aderant, a prominent provider of business management software for law firms, has partnered with Fireman & Company to launch Handshake ConnectX, a new intranet solution designed for law firms. This innovative platform promises quick deployment, potentially taking weeks rather than months, and can serve as a replacement for legacy intranets. Combining Aderant's Handshake technology with Fireman’s extensive industry expertise, the offering aims to provide law firms with superior performance and customization capabilities. The collaboration aims to streamline operations in an increasingly hybrid work environment.

Weatherford Capital has promoted David Seider to Partner, acknowledging his significant contributions since joining in 2019. Previously, Seider led M&A execution at Roper Technologies (NYSE: ROP) and held positions at Ballast Point Ventures and Raymond James Financial. His appointment reflects the firm's commitment to growth and excellence, with Managing Partner Will Weatherford praising Seider's pivotal role and character. Weatherford Capital, founded in 2015, has executed over 80 global transactions, focusing on private equity, real estate, and ventures.

DAT Freight & Analytics has released its 2023 Freight Focus report, highlighting key trends that will shape the transportation strategies this year. Truckload freight professionals are adopting a data-driven approach to cope with challenges like rising fuel and labor costs. The report indicates that supply chain networks are stabilizing, requiring fewer truckloads for the same consumer spending. DAT forecasts a potential increase in spot rates and market demand by Q2 2023, emphasizing the need for cost control and flexibility.

Roper Technologies, Inc. (NYSE: ROP) will release its fourth-quarter financial results for 2022 on January 27, 2023, before the market opens. A conference call to discuss these results is scheduled for 8:00 AM ET on the same day, accessible via webcast or phone. Roper Technologies, a member of the S&P 500 and Fortune 500, is known for its strong cash flow and shareholder value growth, and it focuses on high-quality acquisitions in niche markets. For further information, visit www.ropertech.com.

Roper Technologies (NYSE: ROP) will host an investor day on March 21, 2023, in New York from 8:30 AM to 1:30 PM ET. The event aims to enhance engagement with investors and will feature live and on-demand webcasts for remote access. Roper Technologies, part of the S&P 500 and Fortune 500, is recognized for its consistent cash flow generation and shareholder value creation. It focuses on high-quality acquisitions through disciplined financial strategies.

DAT Freight & Analytics has been awarded the 2022 Top Software & Technology Providers accolade by Food Logistics for its innovative solutions in food logistics. The company’s SaaS products, including DAT iQ and DAT One, are pivotal for enhancing the efficiency and reliability of the cold food supply chain. These tools assist logistics teams in managing capacity, controlling costs, and optimizing operations. The supply chain management software market is projected to reach $18.04 billion in 2023, indicating a growing demand for such technology.