Roper Q2 2024 Earnings Report
Key Takeaways
Roper Technologies reported a solid second quarter with a 12% increase in revenue to $1.72 billion and a 13% increase in adjusted EBITDA to $695 million. Adjusted DEPS increased 9% to $4.48. The company is increasing the low end of its full year guidance.
Revenue increased 12% to $1.72 billion; organic revenue increased 4%.
GAAP DEPS decreased 7% to $3.12; adjusted DEPS increased 9% to $4.48.
GAAP net earnings decreased 7% to $337 million; adjusted net earnings increased 9% to $483 million.
Adjusted EBITDA increased 13% to $695 million.
Roper
Roper
Roper Revenue by Segment
Forward Guidance
Roper now expects full year 2024 adjusted DEPS of $18.10 - $18.25, compared to previous guidance of $18.05 - $18.25. The Company continues to expect full year total revenue growth of approximately 12% and organic revenue growth of approximately 6%. For the third quarter of 2024, the Company expects adjusted DEPS of $4.50 - $4.54.
Revenue & Expenses
Visualization of income flow from segment revenue to net income