earnings
confidence high
sentiment positive
materiality 0.80
Roper Q2 adjusted DEPS $3.95 beats guidance; raises FY22 outlook on continuing ops
ROPER TECHNOLOGIES INC
2022-Q2 EPS reported
$21.44
revenue$2,590,600,000
- Continuing ops revenue $1.31B (+10% YoY), organic revenue growth 11%, adjusted EBITDA $515M (+10%).
- Adjusted DEPS $3.95 (including discontinued industrial ops) vs guidance $3.80-$3.84; GAAP DEPS $2.52.
- Agreed to sell majority stake in industrial businesses; net proceeds expand M&A firepower to >$7B.
- FY2022 continuing ops adjusted DEPS guidance raised to $13.46-$13.62 from prior implied $13.20-$13.45.
- Q3 continuing ops adjusted DEPS guidance $3.42-$3.46; double-digit software recurring revenue growth cited.