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Stock impact report

Roper Technologies Announces Record First Quarter Results and Updates Full Year 2020 Guidance

Roper Technologies, Inc. (ROP) 
Last roper technologies, inc. earnings: 4/28 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.ropertech.com
Company Research Source: GlobeNewswire
SARASOTA, Fla., April 28, 2020 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, reported financial results for the first quarter ended March 31, 2020. First quarter GAAP and adjusted revenue increased 5% to $1.35 billion, and organic revenue increased 4%. GAAP gross margin expanded 40 basis points to 63.4% and adjusted gross margin expanded 50 basis points to 63.5%. GAAP earnings before taxes decreased 27% to $305 million. Prior year GAAP results included a $120 million pretax gain on sale from the Scientific Imaging businesses. Adjusted earnings before taxes increased 7% to $408 million. GAAP diluted earnings per share (“DEPS”) was $2.28 and adjusted DEPS was $3.05. EBITDA increased 7% to $467 million and EBITDA margin expanded 50 basis points to 34.5%. Adjusted operating cash flow increased 10% to $364 million while adjusted free cash flow increased 13% to $353 million, representing 26% of adjusted revenue. “Our primary focus Show less Read more
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