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.
Roper Technologies (NYSE: ROP) will release its Q4 2020 financial results on January 29, 2021, before market open. A conference call to discuss the results is set for 8:00 AM ET, accessible via webcast or by phone. Roper Technologies, a part of the S&P 500, Fortune 1000, and Russell 1000, specializes in software and engineered products across various niche markets. The call details and materials will be available on the company's website prior to the event.
Roper Technologies, Inc. (ROP) declared a quarterly cash dividend of $0.5625 per share, payable on January 22, 2021, to shareholders on record by January 8, 2021. This marks a 10% increase over the previous year's quarterly dividend, translating to an additional $0.20 annually. This is the twenty-eighth consecutive year Roper has raised its dividend, reflecting its commitment to shareholder returns.
Roper Technologies reported its Q3 2020 financial results, revealing a 1% rise in GAAP and adjusted revenue to $1.37 billion, despite a 3% organic revenue decline. GAAP diluted earnings per share (DEPS) decreased by 16% to $2.21, while adjusted DEPS fell 4% to $3.17. EBITDA increased 1% to $501 million, with an EBITDA margin of 36.6%. Notably, operating cash flow plunged 66% to $138 million, while adjusted operating cash flow rose 12% to $454 million. The company boosted its 2020 adjusted DEPS guidance to $12.55 - $12.65, up from previous forecasts.
Roper Technologies (NYSE: ROP) will release its third-quarter 2020 financial results on October 27, 2020, 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. Roper is a member of the S&P 500, Fortune 1000, and Russell 1000 indices, focusing on software and engineered product solutions across niche markets.
Roper Technologies, Inc. (NYSE: ROP) has declared a dividend of $0.5125 per share, with a payment date set for October 20, 2020. Stockholders of record as of October 6, 2020 will receive this dividend. Roper Technologies is known for its diverse range of software and engineered products across niche markets and is a part of the S&P 500, Fortune 1000, and Russell 1000 indices. For more information, visit www.ropertech.com.
Roper Technologies, Inc. (NYSE: ROP) will present at an investor conference hosted by RBC Capital Markets on September 15, 2020, at 8:00 AM ET. Investors can access the presentation through the company’s website, www.ropertech.com, or via a direct link to the event.
Roper Technologies is noted for its diverse portfolio, including software development and engineered products for niche markets. The company is part of the S&P 500, Fortune 1000, and Russell 1000 indices.
Roper Technologies, Inc. (NYSE: ROP) has successfully completed the acquisition of Vertafore, a leading provider of SaaS solutions for the property and casualty insurance sector. The acquisition was funded through a combination of cash, revolving credit, and new debt, enhancing Roper's portfolio within the insurance technology space. Vertafore serves over 20,000 agencies and more than 1,000 carriers, streamlining workflows and improving efficiency for professionals across North America.
Roper Technologies (NYSE: ROP) has priced a public offering of senior notes totaling $2.7 billion, composed of:
- $300 million of 0.45% Senior Notes due 2022
- $700 million of 1.00% Senior Notes due 2025
- $700 million of 1.40% Senior Notes due 2027
- $1 billion of 1.75% Senior Notes due 2031
Net proceeds will primarily fund the Vertafore acquisition and cover associated fees. The offering is expected to close on September 1, 2020, and the notes will be senior unsecured obligations of the company.
Roper Technologies (NYSE: ROP) announced an all-cash acquisition of Vertafore valued at approximately $5.35 billion. Vertafore, a provider of cloud-based software for the P&C insurance sector, is expected to generate $590 million in revenue and $290 million in EBITDA for 2021. Roper plans to finance the acquisition using cash, a revolving credit facility, and new debt while maintaining solid investment-grade ratings. The acquisition is anticipated to be immediately cash accretive and is scheduled to close in Q3 2020, pending regulatory approval.
Roper Technologies reported Q2 2020 GAAP revenue of $1.30 billion, a 2% decline, while adjusted revenue also decreased by 2%. Organic revenue fell by 3%. Despite the drop in revenue, GAAP gross margin improved to 64.7%, up 80 basis points. The company achieved GAAP diluted earnings per share of $2.08 and adjusted EPS of $2.94. Operating cash flow surged 49% to $449 million. Roper updated its 2020 adjusted EPS guidance to $11.90 - $12.40, down from previous expectations. The company remains confident in its cash flow generation and acquisition strategies amidst ongoing challenges.
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