Roper Technologies ( (ROP) ) has released its Q4 earnings. Here is a breakdown of the information Roper Technologies presented to its investors.
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Roper Technologies is a prominent company in the Nasdaq 100, S&P 500, and Fortune 1000, known for its market-leading businesses in vertical software and technology-enabled products across various niche markets. The company prides itself on its disciplined approach to capital deployment and acquisition strategy.
In the latest earnings report, Roper Technologies announced a successful financial performance for the year 2024, with a notable increase in revenue and net earnings. The company highlighted a 14% revenue growth, reaching $7.04 billion, driven by a combination of organic growth and strategic acquisitions. The acquisition of Procare Solutions and the integration of Transact Campus with CBORD were significant contributors to this positive outcome.
Key financial metrics for the fourth quarter of 2024 include a 16% increase in revenue to $1.88 billion and a 22% rise in GAAP net earnings to $462 million. The company’s adjusted EBITDA also saw a 13% increase, reaching $744 million. For the entire year, Roper achieved a 16% growth in operating cash flow, amounting to $2.39 billion, and surpassed the $2 billion milestone in free cash flow for the first time in its history.
Looking forward, Roper Technologies enters 2025 with positive momentum, aiming for continued growth driven by improved organic performance and recent acquisitions. The company expects double-digit revenue growth and projects an adjusted DEPS of $19.75 to $20.00 for the year. Roper’s management remains focused on leveraging its significant M&A capabilities and maintaining a strong pipeline of acquisition opportunities to sustain long-term cash flow growth for shareholders.
