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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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