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Dec 31, 2023
Roper Q4 2023 Earnings Report
Roper's revenue increased by 13% and GAAP DEPS increased by 51%.
Key Takeaways
Roper Technologies reported strong Q4 2023 results, with a 13% increase in revenue to $1.61 billion and a 51% increase in GAAP DEPS to $3.50. The company's adjusted DEPS increased by 11% to $4.37, and GAAP net earnings were $378 million.
Revenue increased 13% to $1.61 billion; organic revenue increased 8%.
GAAP DEPS increased 51% to $3.50; adjusted DEPS increased 11% to $4.37.
GAAP net earnings were $378 million.
Adjusted EBITDA increased 11% to $659 million.
Roper
Roper
Roper Revenue by Segment
Forward Guidance
Roper expects full year 2024 adjusted DEPS of $17.85 - $18.15 with first quarter adjusted DEPS of $4.30 - $4.34. The Company expects full year total revenue growth of +11 – 12% and organic revenue growth of +5 – 6%.
Positive Outlook
- Continued positive momentum.
- Ongoing expansion of recurring revenue base.
- Demand for businesses’ mission critical solutions.
- Acquisition of Procare Solutions.
- Strong balance sheet and a large pipeline of attractive M&A opportunities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income