Jun 30, 2022

Roper Q2 2022 Earnings Report

Roper's Q2 2022 financial performance reflected broad-based strength and double-digit software recurring revenue growth.

Key Takeaways

Roper Technologies reported a strong second quarter with a 10% increase in revenue to $1.31 billion and an 11% organic revenue growth. Adjusted EBITDA from continuing operations increased by 10% to $515 million. The company is increasing its full year outlook due to these strong results.

GAAP diluted earnings per share was $2.52.

Adjusted DEPS was $3.95, exceeding the guidance of $3.80 - $3.84.

GAAP and adjusted revenue increased 10% to $1.31 billion.

Organic revenue grew 11%.

Total Revenue
$1.31B
Previous year: $1.59B
-17.4%
EPS
$3.95
Previous year: $3.76
+5.1%
Organic Revenue Growth
11%
Previous year: 7%
+57.1%
Gross Profit
$912M
Previous year: $1.03B
-11.9%
Cash and Equivalents
$2.88B
Previous year: $338M
+752.3%
Total Assets
$25.4B
Previous year: $23.8B
+6.4%

Roper

Roper

Roper Revenue by Segment

Forward Guidance

Roper is initiating full year 2022 guidance for adjusted DEPS from continuing operations of $13.46 - $13.62. For the third quarter of 2022, the Company expects adjusted DEPS from continuing operations of $3.42 - $3.46.

Revenue & Expenses

Visualization of income flow from segment revenue to net income