Jun 30, 2021

Roper Q2 2021 Earnings Report

Roper's second quarter results were announced, showcasing revenue growth and increased full-year guidance.

Key Takeaways

Roper Technologies reported strong second-quarter results with a 22% increase in both GAAP and adjusted revenue, reaching $1.59 billion. Organic revenue grew by 7%, and adjusted DEPS increased by 28% to $3.76. The company's solid cash flow allowed for significant debt reduction, and full-year adjusted DEPS guidance was raised to $15.00 - $15.20.

GAAP and adjusted revenue increased by 22% to $1.59 billion.

Organic revenue grew by 7% with broad-based contributions from all four segments.

Adjusted DEPS increased by 28% to $3.76.

Full-year adjusted DEPS guidance was increased to $15.00 - $15.20.

Total Revenue
$1.59B
Previous year: $1.31B
+21.6%
EPS
$3.76
Previous year: $2.94
+27.9%
Organic Revenue Growth
7%
Previous year: -3%
-333.3%
Gross Profit
$1.03B
Previous year: $844M
+22.6%
Cash and Equivalents
$338M
Previous year: $1.87B
-81.9%
Free Cash Flow
$409M
Previous year: $315M
+29.8%
Total Assets
$23.8B
Previous year: $19.1B
+24.5%

Roper

Roper

Roper Revenue by Segment

Forward Guidance

The Company now expects full year adjusted DEPS of $15.00 - $15.20, and for the third quarter of 2021, the Company expects adjusted DEPS of $3.80 - $3.84.

Revenue & Expenses

Visualization of income flow from segment revenue to net income