Sep 30, 2021

Roper Q3 2021 Earnings Report

Roper reported an excellent quarter with strong organic revenue growth and strategic divestitures.

Key Takeaways

Roper Technologies reported a strong third quarter with a 22% increase in GAAP and adjusted revenue to $1.46 billion. Organic revenue grew by 12%, and EBITDA from continuing operations increased by 21% to $558 million. The company also announced three strategic divestitures to accelerate portfolio transformation.

GAAP diluted earnings per share was $2.71.

Adjusted diluted earnings per share was $3.91.

EBITDA was $602 million.

Operating cash flow was $447 million.

Total Revenue
$1.46B
Previous year: $1.37B
+6.9%
EPS
$3.91
Previous year: $3.17
+23.3%
Organic Revenue Growth
12%
Previous year: -3%
-500.0%
Gross Profit
$996M
Previous year: $876M
+13.7%
Cash and Equivalents
$353M
Previous year: $302M
+16.7%
Total Assets
$23.7B
Previous year: $23.7B
+0.3%

Roper

Roper

Roper Revenue by Segment

Forward Guidance

Roper is initiating full year guidance for adjusted DEPS from continuing operations of $14.08 - $14.12. For the fourth quarter of 2021, the Company expects adjusted DEPS from continuing operations of $3.62 - $3.66.

Revenue & Expenses

Visualization of income flow from segment revenue to net income