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Roper
🇺🇸 NASDAQ:ROP
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•
Sep 30, 2023

Roper Q3 2023 Earnings Report

Roper reported strong revenue growth and margin performance, driven by its market-leading technology businesses. The company increased its full-year outlook due to strong third-quarter results and continued demand for its software and product solutions.

Key Takeaways

Roper Technologies reported a 16% increase in revenue to $1.56 billion, with organic revenue growth of 6%. GAAP EPS increased by 24% to $3.21, and adjusted EPS increased by 18% to $4.32. The company's adjusted free cash flow for the quarter was $625 million, bringing the trailing-twelve-month free cash flow to $1.8 billion. Roper is increasing its full-year adjusted DEPS guidance to $16.62 - $16.66.

Revenue increased 16% to $1.56 billion; organic revenue increased 6%

GAAP DEPS increased 24% to $3.21; adjusted DEPS increased 18% to $4.32

GAAP net earnings were $346 million

Adjusted EBITDA increased 18% to $652 million

Total Revenue
$1.56B
Previous year: $1.35B
+15.8%
EPS
$4.32
Previous year: $3.67
+17.7%
Organic Revenue Growth
6%
Previous year: 10%
-40.0%
Gross Profit
$1.1B
Previous year: $942M
+16.4%
Cash and Equivalents
$300M
Previous year: $1.89B
-84.2%
Free Cash Flow
$625M
Total Assets
$28.2B
Previous year: $24.4B
+15.5%

Roper

Roper

Roper Revenue by Segment

Forward Guidance

Roper now expects full year 2023 adjusted DEPS of $16.62 - $16.66. For the fourth quarter of 2023, the Company expects adjusted DEPS of $4.28 - $4.32.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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