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Mar 31, 2023
Roper Q1 2023 Earnings Report
Roper's Q1 2023 financial results were announced, showcasing revenue growth and increased full-year guidance.
Key Takeaways
Roper Technologies reported a strong first quarter with a 15% increase in revenue to $1.47 billion and an 8% organic revenue growth. GAAP net earnings increased by 20% to $284 million, and the company is increasing its full-year adjusted DEPS guidance to $16.10 - $16.30.
Revenue increased by 15% to $1.47 billion, with organic revenue growth of 8%.
GAAP DEPS increased by 20% to $2.66, and adjusted DEPS increased by 19% to $3.90.
GAAP net earnings increased by 20% to $284 million.
The company increased its full-year adjusted DEPS guidance to $16.10 - $16.30.
Roper
Roper
Roper Revenue by Segment
Revenue by Segment
Application Software Revenue
CapyFin.comNetwork Software Revenue
CapyFin.comTechnology Enabled Products Revenue
CapyFin.com Forward Guidance
Roper expects adjusted DEPS of $3.96 - $4.00 for the second quarter of 2023 and is increasing its full year 2023 adjusted DEPS guidance to $16.10 - $16.30.
Positive Outlook
- Strong start to the year.
- Ongoing demand for mission-critical software and product solutions.
- Significant M&A firepower.
- Large universe of high-quality acquisition opportunities.
- Disciplined and process-driven approach to capital deployment.
Challenges Ahead
- Guidance excludes the impact of unannounced future acquisitions or divestitures.
- Legal settlement cash payment of $45 million related to the Berall v. Verathon patent litigation matter.
- Minority interest in Indicor.
- Potential risks and uncertainties related to the COVID-19 pandemic.
- General economic conditions and specific market conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income