Roper Techno Stock Price, News & Analysis

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.

Roper Technologies (NYSE: ROP) announced its second quarter financial results will be released on July 28, 2020, before the market opens. A conference call is scheduled for 8:00 AM ET on the same day to discuss the results. Investors can access the call via webcast or phone. Roper is a constituent of the S&P 500 and produces software and engineered products for niche markets. More information will be available on Roper's website prior to the conference call.