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Roper Technologies announces third quarter financial results

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Roper Technologies (ROP) reported strong Q3 2024 financial results with revenue increasing 13% to $1.76 billion, including 4% organic growth. GAAP earnings per share rose 6% to $3.40, while adjusted EPS grew 7% to $4.62. The company's adjusted EBITDA increased 10% to $717 million, and operating cash flow reached $755 million. Based on these results, Roper raised its full-year 2024 guidance, now expecting adjusted EPS of $18.21-$18.25 and total revenue growth of 13%+. The company also completed the acquisition of Transact Campus during Q3, combining it with their CBORD business.

Roper Technologies (ROP) ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con un aumento del fatturato del 13% a 1,76 miliardi di dollari, incluso una crescita organica del 4%. Gli utili per azione GAAP sono aumentati del 6% a $3,40, mentre gli utili per azione rettificati sono cresciuti del 7% a $4,62. L'EBITDA rettificato dell'azienda è aumentato del 10% a $717 milioni, e il flusso di cassa operativo ha raggiunto i $755 milioni. Sulla base di questi risultati, Roper ha rialzato le sue previsioni per l'intero anno 2024, ora aspettandosi un utile per azione rettificato tra $18,21 e $18,25 e una crescita del fatturato totale superiore al 13%. L'azienda ha anche completato l'acquisizione di Transact Campus durante il terzo trimestre, combinandola con il loro business CBORD.

Roper Technologies (ROP) reportó resultados financieros sólidos para el tercer trimestre de 2024, con un incremento del 13% en los ingresos, alcanzando $1.76 mil millones, incluyendo un crecimiento orgánico del 4%. Las ganancias por acción según GAAP aumentaron un 6% a $3.40, mientras que las ganancias por acción ajustadas crecieron un 7% a $4.62. El EBITDA ajustado de la compañía se incrementó un 10% a $717 millones, y el flujo de efectivo operativo alcanzó $755 millones. Basándose en estos resultados, Roper elevó su guía para todo el año 2024, ahora esperando ganancias por acción ajustadas de $18.21 a $18.25 y un crecimiento de ingresos total superior al 13%. La compañía también completó la adquisición de Transact Campus durante el tercer trimestre, combinándola con su negocio CBORD.

로퍼 테크놀로지스 (ROP)는 2024년 3분기 강력한 재무 실적을 보고하며, 수익이 13% 증가한 17억 6천만 달러에 달하고 이 가운데 4%는 유기적인 성장이다. GAAP 주당 순이익은 6% 상승하여 $3.40에 달했고, 조정된 주당 순이익은 7% 증가하여 $4.62에 도달했다. 회사의 조정된 EBITDA는 10% 증가하여 $7억 1천7백만 달러에 달했으며, 운영 현금 흐름은 $7억 5천5백만 달러에 도달했다. 이러한 결과를 바탕으로 로퍼는 2024년 전체 연간 가이던스를 상향 조정하여 조정된 EPS가 $18.21에서 $18.25 사이에 이를 것으로 예상하며, 총 수익 성장도 13%를 넘길 것으로 보았다. 회사는 또한 3분기 동안 트랜잭트 캠퍼스 인수를 완료하고 이를 CBORD 사업과 통합했다.

Roper Technologies (ROP) a annoncé de solides résultats financiers pour le troisième trimestre de 2024, avec un chiffre d'affaires en hausse de 13% à 1,76 milliard de dollars, dont 4% de croissance organique. Les bénéfices par action GAAP ont augmenté de 6% pour atteindre 3,40 $, tandis que le bénéfice par action ajusté a augmenté de 7% pour atteindre 4,62 $. L'EBITDA ajusté de l'entreprise a augmenté de 10% pour atteindre 717 millions de dollars, et le flux de trésorerie d'exploitation a atteint 755 millions de dollars. Sur la base de ces résultats, Roper a relevé ses prévisions pour l'ensemble de l'année 2024, s'attendant désormais à un bénéfice par action ajusté compris entre 18,21 $ et 18,25 $ et à une croissance du chiffre d'affaires total de plus de 13 %. L'entreprise a également finalisé l'acquisition de Transact Campus au cours du troisième trimestre, en l'associant à son activité CBORD.

Roper Technologies (ROP) hat im dritten Quartal 2024 starke finanzielle Ergebnisse berichtet, mit einem Umsatzanstieg von 13% auf 1,76 Milliarden Dollar, einschließlich 4% organischem Wachstum. Der GAAP-Gewinn pro Aktie stieg um 6% auf 3,40 USD, während der bereinigte Gewinn pro Aktie um 7% auf 4,62 USD zulegte. Das bereinigte EBITDA des Unternehmens erhöhte sich um 10% auf 717 Millionen Dollar, und der operative Cashflow erreichte 755 Millionen Dollar. Auf Grundlage dieser Ergebnisse hat Roper seine Prognose für das Gesamtjahr 2024 angehoben und erwartet nun einen bereinigten Gewinn pro Aktie von 18,21 bis 18,25 USD sowie ein Umsatzwachstum von über 13%. Das Unternehmen hat außerdem die Übernahme von Transact Campus im dritten Quartal abgeschlossen und diese mit ihrem CBORD-Geschäft kombiniert.

Positive
  • Revenue increased 13% to $1.76 billion with 4% organic growth
  • Adjusted EBITDA grew 10% to $717 million
  • Operating cash flow improved 20% to $755 million
  • Full-year guidance raised to $18.21-$18.25 adjusted EPS
  • Strategic acquisition of Transact Campus completed
Negative
  • EBITDA margin declined 100 basis points to 40.7%
  • Interest expense increased from $42M to $68M

Insights

Strong Q3 performance with $1.76 billion revenue, up 13%, driven by 4% organic growth and 9% from acquisitions. Adjusted EBITDA grew 10% to $717 million, while adjusted EPS increased 7% to $4.62. Operating cash flow reached $755 million.

Notable is the raised full-year guidance to $18.21-$18.25 adjusted EPS, with expected revenue growth of 13%+. The Transact Campus acquisition strengthens their vertical software portfolio. Strong cash generation and M&A pipeline suggest continued growth potential, though margins slightly contracted by 100 basis points to 40.7%.

The strategic acquisition of Transact Campus and its integration with CBORD demonstrates Roper's continued focus on high-margin, recurring revenue software businesses. Their disciplined capital deployment strategy and robust M&A pipeline position them well in the technology solutions space.

The 4% organic growth shows resilient demand for their mission-critical solutions. The company's ability to maintain 40%+ EBITDA margins while growing through acquisitions validates their business model's strength and operational efficiency.

SARASOTA, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) reported financial results for the third quarter ended September 30, 2024. The results in this press release are presented on a continuing operations basis.

Third quarter 2024 highlights

  • Revenue increased 13% to $1.76 billion; organic revenue increased 4%
  • GAAP DEPS increased 6% to $3.40; adjusted DEPS increased 7% to $4.62
  • GAAP net earnings increased 6% to $368 million; adjusted net earnings increased 7% to $499 million
  • Adjusted EBITDA increased 10% to $717 million
  • Operating cash flow was $755 million; adjusted operating cash flow increased 17%

"Our portfolio of market-leading technology businesses delivered another solid quarter, highlighted by 13% total revenue growth, 10% EBITDA growth, and 15% free cash flow growth," said Neil Hunn, Roper Technologies’ President and CEO. "We are, again, increasing our full year guidance to the high end of the range, supported by our third quarter results, the continued expansion of our recurring revenue base, and improving demand for our businesses' mission critical solutions."

"During the third quarter, we completed the acquisition of Transact Campus, which has been combined with our CBORD business. This acquisition adds another high-quality vertical software business to our portfolio with highly compelling value creation opportunities for our shareholders. We remain well positioned to execute our disciplined and process-driven capital deployment strategy, with significant M&A firepower and a robust pipeline of acquisition opportunities," concluded Mr. Hunn.

Updating 2024 guidance

Roper now expects full year 2024 adjusted DEPS of $18.21 - $18.25, compared to previous guidance of $18.10 - $18.25. The Company increased its full year total revenue growth outlook to 13%+ and continues to expect organic revenue growth of approximately 6%.

For the fourth quarter of 2024, the Company expects adjusted DEPS of $4.70 - $4.74.

The Company’s guidance excludes the impact of unannounced future acquisitions or divestitures.

Conference call to be held at 8:00 AM (ET) today

A conference call to discuss these results has been scheduled for 8:00 AM ET on Wednesday, October 23, 2024. The call can be accessed via webcast or by dialing +1 800-836-8184 (US/Canada) or +1 646-357-8785, using conference call ID 50829. Webcast information and conference call materials will be made available in the Investors section of Roper’s website (www.ropertech.com) prior to the start of the call. The webcast can also be accessed directly by using the following URL https://event.webcast. Telephonic replays will be available for up to two weeks and can be accessed by dialing +1 646-517-4150 with access code 50829#.

Use of non-GAAP financial information

The Company supplements its consolidated financial statements presented on a GAAP basis with certain non-GAAP financial information to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial schedules or tables. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated.

Minority interests

Following the sale of a majority stake in its industrial businesses to CD&R, Roper holds a minority interest in Indicor. The fair value of Roper’s equity investment in Indicor is updated on a quarterly basis and reported as "equity investments gain, net." Roper also holds a minority interest in Certinia, a leading provider of professional services automation software. The Company’s investment is accounted for under the equity method and its proportionate share of earnings or loss associated with this investment is reported as "equity investments gain, net." Roper makes non-GAAP adjustments for the impacts associated with these investments.

Table 1: Revenue and adjusted EBITDA reconciliation ($M)
(from continuing operations)
 Q3 2023 Q3 2024 V %
GAAP revenue$1,563  $1,765  13%
      
Components of revenue growth     
Organic    4%
Acquisitions    9%
Foreign exchange    %
Revenue growth    13%
      
Adjusted EBITDA reconciliation     
GAAP net earnings$346  $368   
Taxes 97   99   
Interest expense 42   68   
Depreciation 9   9   
Amortization 182   197   
EBITDA$676  $741  10%
      
Restructuring-related expenses associated with the
Syntellis ('23) and Transact ('24) acquisitions
 9   9   
Transaction-related expenses for completed
acquisitions
 5   5   
Financial impacts associated with the minority
investments in Indicor & Certinia A
 (34)  (37)  
Gain on sale of non-operating assets (3)     
Adjusted EBITDA$652  $717  10%
% of revenue 41.7%  40.7% (100 bps)
          


Table 2: Adjusted net earnings reconciliation ($M)
(from continuing operations)
 Q3 2023 Q3 2024 V %
GAAP net earnings$346  $368  6%
Restructuring-related expenses associated with the
Syntellis ('23) and Transact ('24) acquisitions
 7   7   
Transaction-related expenses for completed
acquisitions
 4   4   
Financial impacts associated with the minority
investments in Indicor & Certinia A
 (28)  (29)  
Gain on sale of non-operating assets (3)     
Amortization of acquisition-related intangible
assets B
 140   149   
Adjusted net earnings$465  $499  7%
      


Table 3: Adjusted DEPS reconciliation
(from continuing operations)
 Q3 2023 Q3 2024 V %
GAAP DEPS$3.21  $3.40  6%
Restructuring-related expenses associated with the
Syntellis ('23) and Transact ('24) acquisitions
 0.06   0.07   
Transaction-related expenses for completed
acquisitions
 0.03   0.03   
Financial impacts associated with the minority
investments in Indicor & Certinia A
 (0.26)  (0.27)  
Gain on sale of non-operating assets (0.02)     
Amortization of acquisition-related intangible
assets B
 1.30   1.38   
Adjusted DEPS$4.32  $4.62  7%
      


Table 4: Adjusted cash flow reconciliation ($M)
(from continuing operations)
 Q3 2023 Q3 2024 V %
Operating cash flow$631  $755  20%
Taxes paid in period related to divestiture 16      
Adjusted operating cash flow$647  $755  17%
Capital expenditures (13)  (23)  
Capitalized software expenditures (9)  (13)  
Adjusted free cash flow$625  $719  15%
      


Table 5: Forecasted adjusted DEPS reconciliation
(from continuing operations)
 Q4 2024 FY 2024
 Low end High end Low end High end
GAAP DEPS C$3.29 $3.33 $12.64 $12.68
Restructuring-related expenses associated
with the Transact acquisition
     0.07  0.07
Transaction-related expenses for
completed acquisitions
     0.05  0.05
Financial impacts associated with the
minority investments in Indicor & Certinia A
TBD TBD TBD TBD
Amortization of acquisition-related
intangible assets B
 1.41  1.41  5.45  5.45
Adjusted DEPS$4.70 $4.74 $18.21 $18.25
        

Footnotes:

A.Adjustments related to the financial impacts associated with the minority investments in Indicor & Certinia as shown below ($M, except per share data). Forecasted results do not include any potential impacts associated with our minority investments in Indicor or Certinia, as these potential impacts cannot be reasonably predicted. These impacts will be excluded from all non-GAAP results in future periods.
          
  Q3 2023A Q3 2024A  Q4 2024E FY 2024E
 Pretax$(34) $(37)  TBD TBD
 After-tax$(28) $(29)  TBD TBD
 Per share$(0.26) $(0.27)  TBD TBD
          
B.Actual results and forecast of estimated amortization of acquisition-related intangible assets as shown below ($M, except per share data). These adjustments are taxed at 21%.
          
  Q3 2023A Q3 2024A  Q4 2024E FY 2024E
 Pretax$177  $189   $193 $745
 After-tax$140  $149   $153 $588
 Per share$1.30  $1.38   $1.41 $5.45
          
C.Forecasted GAAP DEPS do not include any potential impacts associated with our minority investments in Indicor or Certinia. These impacts will be excluded from all non-GAAP results in future periods.
  

Note: Numbers may not foot due to rounding.

About Roper Technologies

Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.

Contact information:
Investor Relations
941-556-2601
investor-relations@ropertech.com

The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes," "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, acquired businesses, including obtaining any required regulatory approvals with respect thereto. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, including risks related to labor shortages and rising interest rates, changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises (such as the COVID-19 pandemic) or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, including as a result of the current inflationary environment and ongoing supply chain constraints, environmental compliance costs and liabilities, risks and cost associated with litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.


Roper Technologies, Inc.   
Condensed Consolidated Balance Sheets (unaudited)  
(Amounts in millions)   
    
 September 30, 2024 December 31, 2023
ASSETS:   
    
Cash and cash equivalents$269.6  $214.3 
Accounts receivable, net 821.2   829.9 
Inventories, net 129.0   118.6 
Income taxes receivable 43.0   47.7 
Unbilled receivables 130.3   106.4 
Other current assets 199.2   164.5 
Total current assets 1,592.3   1,481.4 
    
Property, plant and equipment, net 132.8   119.6 
Goodwill 19,267.2   17,118.8 
Other intangible assets, net 9,212.7   8,212.1 
Deferred taxes 35.9   32.2 
Equity investments 878.6   795.7 
Other assets 433.2   407.7 
Total assets$31,552.7  $28,167.5 
    
LIABILITIES AND STOCKHOLDERS’ EQUITY:   
    
Accounts payable$155.8  $143.0 
Accrued compensation 248.5   250.0 
Deferred revenue 1,671.0   1,583.8 
Other accrued liabilities 468.4   446.5 
Income taxes payable 47.0   40.4 
Current portion of long-term debt, net 699.0   499.5 
Total current liabilities 3,289.7   2,963.2 
    
Long-term debt, net of current portion 7,677.6   5,830.6 
Deferred taxes 1,649.9   1,513.1 
Other liabilities 420.0   415.8 
Total liabilities 13,037.2   10,722.7 
    
Common stock 1.1   1.1 
Additional paid-in capital 2,976.9   2,767.0 
Retained earnings 15,661.4   14,816.3 
Accumulated other comprehensive loss (107.4)  (122.8)
Treasury stock (16.5)  (16.8)
Total stockholders’ equity 18,515.5   17,444.8 
Total liabilities and stockholders’ equity$31,552.7  $28,167.5 
    


Roper Technologies, Inc.     
Condensed Consolidated Statements of Earnings (unaudited)    
(Amounts in millions, except per share data)    
        
 Three months ended
September 30,
 Nine months ended
September 30,
  2024   2023   2024   2023 
Net revenues$1,764.6  $1,563.4  $5,162.1  $4,564.3 
Cost of sales 542.9   467.1   1,566.1   1,382.3 
Gross profit 1,221.7   1,096.3   3,596.0   3,182.0 
        
Selling, general and administrative expenses 725.1   650.2   2,123.9   1,899.6 
Income from operations 496.6   446.1   1,472.1   1,282.4 
        
Interest expense, net 67.7   42.4   188.4   114.6 
Equity investments gain, net (37.4)  (33.9)  (93.6)  (98.7)
Other (income) expense, net (0.9)  (5.0)  0.9   0.1 
        
Earnings before income taxes 467.2   442.6   1,376.4   1,266.4 
        
Income taxes 99.3   97.0   289.4   275.5 
        
Net earnings from continuing operations 367.9   345.6   1,087.0   990.9 
        
Loss from discontinued operations, net of tax    (2.9)     (4.1)
Gain on disposition of discontinued operations,
net of tax
    4.5      8.4 
Net earnings from discontinued operations    1.6      4.3 
        
Net earnings$367.9  $347.2  $1,087.0  $995.2 
        
Net earnings per share from continuing
operations:
       
Basic$3.43  $3.23  $10.15  $9.30 
Diluted$3.40  $3.21  $10.06  $9.23 
        
Net earnings per share from discontinued
operations:
       
Basic$  $0.02  $  $0.04 
Diluted$  $0.02  $  $0.04 
        
Net earnings per share:       
Basic$3.43  $3.25  $10.15  $9.34 
Diluted$3.40  $3.23  $10.06  $9.27 
        
Weighted average common shares outstanding:       
Basic 107.2   106.7   107.1   106.5 
Diluted 108.1   107.6   108.0   107.3 
                


Roper Technologies, Inc.  
Selected Segment Financial Data (unaudited)
(Amounts in millions; percentages of net revenues)
                
 Three months ended September 30, Nine months ended September 30,
  2024   2023   2024   2023 
 Amount % Amount % Amount % Amount %
Net revenues:               
Application Software$984.4   $803.4   $2,811.4   $2,335.1  
Network Software 367.1    364.1    1,102.1    1,076.7  
Technology Enabled
Products
 413.1    395.9    1,248.6    1,152.5  
Total$1,764.6   $1,563.4   $5,162.1   $4,564.3  
                
                
Gross profit:               
Application Software$672.8 68.3% $557.7 69.4% $1,939.6 69.0% $1,609.2 68.9%
Network Software 311.8 84.9%  310.7 85.3%  935.9 84.9%  914.0 84.9%
Technology Enabled
Products
 237.1 57.4%  227.9 57.6%  720.5 57.7%  658.8 57.2%
Total$1,221.7 69.2% $1,096.3 70.1% $3,596.0 69.7% $3,182.0 69.7%
                
                
Operating profit*:               
Application Software$259.8 26.4% $206.9 25.8% $750.5 26.7% $601.3 25.8%
Network Software 166.0 45.2%  164.4 45.2%  492.1 44.7%  465.0 43.2%
Technology Enabled
Products
 141.1 34.2%  137.1 34.6%  424.0 34.0%  391.7 34.0%
Total$566.9 32.1% $508.4 32.5% $1,666.6 32.3% $1,458.0 31.9%
                
* Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were $70.3 and $62.3 for the three months ended September 30, 2024 and 2023, respectively, and $194.5 and $175.6 for the nine months ended September 30, 2024 and 2023, respectively.
 


Roper Technologies, Inc. 
Condensed Consolidated Statements of Cash Flows (unaudited)
(Amounts in millions)
 Nine months ended
September 30,
  2024   2023 
Cash flows from operating activities:   
Net earnings from continuing operations$1,087.0  $990.9 
Adjustments to reconcile net earnings from continuing operations to cash flows from operating activities:   
Depreciation and amortization of property, plant and equipment 27.9   26.3 
Amortization of intangible assets 573.8   532.8 
Amortization of deferred financing costs 7.0   7.7 
Non-cash stock compensation 112.9   99.2 
Equity investments gain, net (93.6)  (98.7)
Income tax provision 289.4   275.5 
Changes in operating assets and liabilities, net of acquired businesses:   
Accounts receivable 82.8   25.8 
Unbilled receivables (17.1)  (15.3)
Inventories (8.3)  (11.2)
Accounts payable (7.2)  12.1 
Other accrued liabilities (1.7)  (72.0)
Deferred revenue 24.5   18.6 
Cash taxes paid for gain on disposal of business    (16.4)
Cash income taxes paid, excluding tax associated with gain on disposal of
business
 (383.1)  (335.6)
Other, net (23.3)  (24.0)
Cash provided by operating activities from continuing operations 1,671.0   1,415.7 
Cash used in operating activities from discontinued operations    (2.4)
Cash provided by operating activities 1,671.0   1,413.3 
    
Cash flows from (used in) investing activities:   
Acquisitions of businesses, net of cash acquired (3,464.1)  (1,970.1)
Capital expenditures (39.2)  (37.8)
Capitalized software expenditures (33.4)  (28.7)
Distributions from equity investment 9.5   25.3 
Other, net (1.0)  0.6 
Cash used in investing activities from continuing operations (3,528.2)  (2,010.7)
Cash provided by disposition of discontinued operations    2.0 
Cash used in investing activities (3,528.2)  (2,008.7)
    
Cash flows from (used in) financing activities:   
Proceeds from senior notes 2,000.0    
Payments of senior notes (500.0)  (700.0)
Borrowings under revolving line of credit, net 565.0   910.0 
Debt issuance costs (24.7)   
Cash dividends to stockholders (241.1)  (217.5)
Proceeds from stock-based compensation, net 88.1   99.3 
Treasury stock sales 14.5   11.6 
Other (0.1)  (0.1)
Cash provided by financing activities 1,901.7   103.3 
(Continued)
    
Roper Technologies, Inc. 
Condensed Consolidated Statements of Cash Flows (unaudited) - Continued
(Amounts in millions)
 Nine months ended
September 30,
  2024   2023 
Effect of exchange rate changes on cash 10.8   (1.2)
    
Net increase (decrease) in cash and cash equivalents 55.3   (493.3)
    
Cash and cash equivalents, beginning of period 214.3   792.8 
    
Cash and cash equivalents, end of period$269.6  $299.5 
    

FAQ

What was Roper Technologies (ROP) revenue growth in Q3 2024?

Roper Technologies reported a 13% increase in revenue to $1.76 billion, with 4% organic growth in Q3 2024.

What is Roper Technologies (ROP) full-year 2024 EPS guidance?

Roper Technologies raised its full-year 2024 adjusted EPS guidance to $18.21-$18.25, up from the previous guidance of $18.10-$18.25.

What acquisition did Roper Technologies (ROP) complete in Q3 2024?

Roper Technologies completed the acquisition of Transact Campus in Q3 2024, which was combined with their CBORD business.

What was Roper Technologies (ROP) Q3 2024 adjusted EBITDA?

Roper Technologies reported Q3 2024 adjusted EBITDA of $717 million, representing a 10% increase year-over-year.

Roper Technologies, Inc.

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58.96B
106.80M
0.4%
97.25%
1.24%
Software - Application
Industrial Instruments for Measurement, Display, and Control
Link
United States of America
SARASOTA