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Sep 30, 2024
Roper Q3 2024 Earnings Report
Reported a solid quarter with revenue growth, EBITDA growth, and free cash flow growth.
Key Takeaways
Roper Technologies reported a strong third quarter with a 13% increase in revenue to $1.76 billion and a 7% increase in adjusted DEPS to $4.62. The company has increased its full-year guidance due to these results, the growth of recurring revenue, and increasing demand.
Revenue increased 13% to $1.76 billion; organic revenue increased 4%.
GAAP DEPS increased 6% to $3.40; adjusted DEPS increased 7% to $4.62.
GAAP net earnings increased 6% to $368 million; adjusted net earnings increased 7% to $499 million.
Adjusted EBITDA increased 10% to $717 million.
Roper
Roper
Roper Revenue by Segment
Revenue by Segment
Application Software Revenue
CapyFin.comNetwork Software Revenue
CapyFin.comTechnology Enabled Products Revenue
CapyFin.com Forward Guidance
Roper now expects full year 2024 adjusted DEPS of $18.21 - $18.25, compared to previous guidance of $18.10 - $18.25. The Company increased its full year total revenue growth outlook to 13%+ and continues to expect organic revenue growth of approximately 6%. For the fourth quarter of 2024, the Company expects adjusted DEPS of $4.70 - $4.74.
Positive Outlook
- Full year 2024 adjusted DEPS expected to be $18.21 - $18.25.
- Full year total revenue growth outlook increased to 13%+
- Organic revenue growth is expected to be approximately 6%.
- Fourth quarter 2024 adjusted DEPS is expected to be $4.70 - $4.74.
Revenue & Expenses
Visualization of income flow from segment revenue to net income