Solid Revenue and Cash Flow Growth
Roper Technologies reported a 13% increase in total revenue and a 4% increase in organic revenue for Q3 2024. EBITDA grew by 10%, and free cash flow increased by 15% in the quarter and 20% on a trailing twelve-month basis.
Successful Acquisition of Transact Campus
Roper completed the acquisition of Transact Campus, expected to deliver $325 million in revenue and $105 million in EBITDA next year. The acquisition is expected to be immediately cash flow accretive and is integrated with Seaboard.
Increased Full Year Guidance
Roper raised its full-year 2024 guidance to the high end of the range, with total revenue expected to grow by over 13% and maintaining an approximate 6% organic revenue growth outlook.
Strong Performance in Application Software Segment
The Application Software segment saw a 23% increase in total revenue and a 5.5% increase in organic revenue. EBITDA margins improved to 43.6%.