Shares of Roper Technologies ROP remained unaffected after the company reported Q2 results.
Quarterly Results
Earnings per share were up 27.89% over the past year to $3.76, which beat the estimate of $3.67.
Revenue of $1,588,000,000 up by 21.59% from the same period last year, which beat the estimate of $1,580,000,000.
Guidance
Q3 EPS expected between $3.80 and $3.84.
Roper Technologies raised FY21 adjusted EPS guidance from $14.75-$15.00 to $15.00-$15.25.
How To Listen To The Conference Call
Date: Jul 23, 2021
Time: 08:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/w3o4jhvf
Price Action
52-week high: $497.11
Company's 52-week low was at $362.90
Price action over last quarter: Up 11.14%
Company Description
Roper is a diversified technology company that operates out of four segments: application software; network software and systems; measurement and analytical solutions; and process technologies. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the firm's businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.
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