Roper Clocks 10% Organic Revenue Growth In Q3 Aided By All 3 Segments; Boosts Outlook

Roper Technologies, Inc ROP reported third-quarter FY22 adjusted revenue growth of 10% year-over-year to $1.35 billion, beating the consensus of $1.32 billion.
Sales by segments: Application Software $644 million (+7.3% Y/Y), Network Software $346.6 million (+9.7% Y/Y), Technology Enabled Products $359.7 million (+13.9% Y/Y).
Gross margin contracted 100 bps to 69.7%. The operating profit margin expanded by 120 bps to 33.2%.
Adjusted EPS of $3.67 beat the consensus of $3.46.
Adjusted EBITDA margin expanded by 80 bps to 41.1%.
Roper held $1.89 billion in cash and equivalents.
CEO Neil Hunn said, "Organic revenue grew 10%, with broad-based strength across each of our three segments. Furthermore, our recently completed Frontline Education acquisition adds another leading vertical software business to the enterprise."
Outlook: Roper expects Q4 adjusted EPS of $3.72 - $3.76, above the consensus of $3.53.
Roper raised the FY22 adjusted EPS guidance to $14.09 - $14.13, up from $13.46 - $13.62, above the consensus of $13.61.
Price Action: ROP shares traded higher by 0.97% at $381.66 in the premarket on the last check Wednesday.

Momentum49.40

Growth33.58

Quality31.00

Value15.85

Short

Medium

Long

Earnings Calendar