Welcome to our dedicated page for Roper Technologies news (Ticker: ROP), a resource for investors and traders seeking the latest updates and insights on Roper Technologies stock.
Roper Technologies, Inc. (symbol: ROP) is a notable constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. This diversified technology company is renowned for designing and developing software solutions including Software-as-a-Service (SaaS) and licensed software, alongside engineered products and solutions. Roper caters to a wide array of markets such as healthcare, transportation, food, energy, water, education, and academic research, delivering impactful and innovative technological advancements globally.
The company operates through three main segments: Application Software, Network Software, and Technology Enabled Products. Roper follows a strategic approach of acquiring asset-light, cash-generative businesses and using excess cash for further acquisitions, ensuring continued growth and expansion.
A unique aspect of Roper's operational model is its highly decentralized structure. Portfolio company management teams are granted autonomy and accountability for key operational decisions, while a small, centralized team focuses on capital deployment, executive coaching, and reviewing strategic goals.
One of the company's noteworthy recent achievements is the acquisition of Procare Solutions, a leading provider of integrated child care center management software and payments processing. This acquisition, valued at $1.86 billion, underlines Roper's commitment to enhancing its software offerings and expanding into new markets. Procare Solutions supports over 37,000 child care centers in the US, providing a comprehensive product suite that meets the complex demands of its clientele.
Strategic collaborations and investments play a vital role in Roper's growth trajectory. The acquisition of Procare from Warburg Pincus, a prominent global growth investor, is expected to further amplify Roper's market position and drive innovation in child care management technology. This transaction is anticipated to close in the first quarter of 2024, subject to regulatory approvals and customary closing conditions.
Roper Technologies continues to strengthen its financial condition and expand its portfolio through carefully selected partnerships and acquisitions. For more details and the latest updates on Roper Technologies, visit their official website at www.ropertech.com.
Aderant, a leader in business management software for law firms, has announced the integration of its Handshake Suite with Microsoft Teams in version 3.9.6. This new feature allows law firms to efficiently provision teams based on various criteria, streamline information sharing, and enhance collaboration. Key updates include a Personal Homepage app for improved navigation and Dynamic Templates for easier template management in Aderant Drive. The updates aim to optimize legal knowledge management and empower law firms in information governance.
Roper Technologies (NYSE: ROP) announced the sale of its Zetec business to Eddyfi/NDT for approximately $350 million. Zetec has reported $64 million in revenue and $17 million in EBITDA over the past year. The deal is expected to close by the end of 2021, pending regulatory approvals. CEO Neil Hunn expressed confidence in the acquisition, highlighting the fit for Zetec's employees and customers.
This strategic move allows Roper to focus its resources on its core operations while providing Eddyfi/NDT with enhanced capabilities in nondestructive testing.
Roper Technologies reported impressive second-quarter results for 2021, with revenue growth of 22% to $1.59 billion and a 7% increase in organic revenue. GAAP diluted earnings per share rose 29% to $2.69, while adjusted earnings per share increased 28% to $3.76. The company achieved an EBITDA of $579 million, marking a 26% rise. Roper also reduced its debt by $375 million during this period. Given strong performance, the company has raised its full-year adjusted DEPS guidance to $15.00 - $15.20.
Roper Technologies (NYSE: ROP) will release its Q2 2021 financial results on July 23, 2021, before market opening. A conference call to discuss these results is scheduled for 8:00 AM ET the same day, accessible via webcast or by phone at +1 844-750-4898 (US/Canada) or +1 412-317-5294. Additional details and materials will be provided in the Investors section of the company’s website.
Roper Technologies is a prominent player in the S&P 500 and operates in various niche markets, offering licensed software and engineered solutions.
Roper Technologies, Inc. (NYSE: ROP) has declared a dividend of $0.5625 per share, set for payment on July 23, 2021. Stockholders of record by July 8, 2021 will be eligible for this dividend, highlighting the company's consistent return of value to its shareholders. Roper, included in the S&P 500 and Fortune 1000 indices, specializes in software design and engineering solutions across various niche markets. This dividend underlines Roper's confidence in its ongoing financial health and operational stability.
Roper Technologies reported its Q1 2021 financial results, showing a 13% revenue increase to $1.53 billion. However, organic revenue declined by 1%. GAAP diluted EPS grew by 20% to $2.73, while adjusted EPS rose 18% to $3.60. EBITDA surged by 20% to $561 million, with an EBITDA margin of 36.7%.
Operating cash flow and free cash flow both increased by 54% to $560 million and $543 million, respectively. The company also reduced its debt by approximately $500 million. Roper raised its 2021 adjusted EPS guidance to $14.75 - $15.00.
Roper Technologies, Inc. (NYSE: ROP) will release its financial results for Q1 2021 on April 27, 2021, before market opening. A conference call to discuss these results is scheduled for 7:30 AM ET on the same day. Interested parties can access the call via webcast or by phone. Roper Technologies specializes in software development and engineered products across niche markets and is part of the S&P 500, Fortune 1000, and Russell 1000 indices.
Roper Technologies, Inc. (NYSE: ROP) has announced the appointment of Amy Woods Brinkley as Chair of the Board of Directors, effective June 1, 2021, following the retirement of Wilbur J. Prezzano. Brinkley, who has been a Director since 2015, has extensive experience, including a 30-year career at Bank of America, where she served as Chief Risk Officer. Prezzano, a Board member since 1997, played a key role during Roper's leadership transition. Roper Technologies operates in software and engineered products across niche markets.
Roper Technologies, Inc. (NYSE: ROP) has declared a dividend of $0.5625 per share, slated for payment on April 22, 2021. Stockholders must be on record by April 5, 2021 to qualify for this payout. Roper Technologies is a member of the S&P 500, Fortune 1000, and Russell 1000 indices, focusing on software and engineered product solutions across various niche markets.
Roper Technologies, Inc. (NYSE: ROP) reported a 23% increase in operating cash flow for Q4 2020, totaling $574 million. Q4 GAAP revenue rose 8% to $1.51 billion, while organic revenue declined by 2%. Adjusted diluted earnings per share (DEPS) grew 5% to $3.56, despite a 71% drop in GAAP DEPS to $2.41. For 2020, total revenue increased 3% to $5.53 billion. Roper anticipates adjusted DEPS between $14.35 and $14.75 for 2021, driven by sustained software revenue and strategic acquisitions.
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