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Dec 31, 2021
Roper Q4 2021 Earnings Report
Roper's financial results for Q4 2021 were announced, showcasing revenue growth and strategic divestitures.
Key Takeaways
Roper Technologies reported a 13% increase in both GAAP and adjusted revenue, reaching $1.51 billion in Q4 2021. The company's adjusted DEPS was $3.73, and it anticipates further growth, driven by recurring revenue, strong demand, and backlog.
GAAP and adjusted revenue increased by 13% to $1.51 billion, with organic revenue also up by 13%.
Adjusted DEPS from continuing operations reached $3.73.
Operating and free cash flow both increased by 4%, amounting to $547 million and $529 million, respectively.
The company expects the TransCore divestiture to close in Q1 2022, which will expand the capacity for capital deployment.
Roper
Roper
Roper Revenue by Segment
Revenue by Segment
Application Software Revenue
CapyFin.comNetwork Software Revenue
CapyFin.com Forward Guidance
Roper expects full year 2022 adjusted DEPS of $15.25 - $15.55 with first quarter adjusted DEPS of $3.63 - $3.67.
Positive Outlook
- Software recurring revenue momentum
- Strong demand
- Record levels of backlog
- Favorable market conditions
- Balance sheet strength and large pipeline of high-quality acquisition opportunities
Challenges Ahead
- Excludes the impact of unannounced future acquisitions or divestitures
- Excludes any redeployment of proceeds from announced divestitures
Revenue & Expenses
Visualization of income flow from segment revenue to net income