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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
Revenue by Segment
Application Software Revenue
CapyFin.comNetwork Software Revenue
CapyFin.comTechnology Enabled Products Revenue
CapyFin.com 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