ROP · Roper Technologies

388 filings

ROP SEC Filings

Roper Technologies - 388 total filings

Filing record · 2016–202610-K1110-Q338-K114

Showing 1–50 of 388 filings

Roper Technologies Quarterly Report for Q3 Ended Sep 30, 2026

Roper Technologies, Inc. reported third-quarter 2026 net revenues of $2,171.8 million, up from $2,017.5 million in the prior-year quarter, and net earnings of $484.7 million versus $398.5 million. Diluted EPS was $4.88 compared with $3.68. Operating income rose to $623.2 million from $573.0 million. Nine-month results were materially lifted by a $1,058.7 million equity investment gain tied to Indicor, which drove nine-month net earnings to $2,162.1 million (diluted EPS $21.30). Organic revenue growth was 6.7% in the quarter and 5.8% for the nine months, per the filing. The key balance sheet and capital allocation events were the August 26, 2026 closing of the Indicor Instrumentation divestiture to AMETEK, which delivered pre-tax cash proceeds of $1,239.2 million, and the repurchase of $2,726.7 million of common stock in the nine months, with $2,775.9 million remaining under the authorization. Total debt, net of deferred financing costs, rose to $9,719.7 million from $9,301.0 million, driven by $400.0 million of net revolver borrowings, and net debt to total net capital increased to 32.9% from 31.2%. Shares outstanding fell to 99.0 million from 106.6 million at year-end 2025. The company also disclosed four nine-month acquisitions totaling $488.7 million, including Origo ($308.1 million) and Playground ($140.0 million), and a planned Indicor Flow Controls divestiture expected to close in the fourth quarter of 2026 with approximately $600 million of pre-tax proceeds to Roper. Backlog increased 9.4% to $3,471.6 million, and management stated it expects existing cash, operating cash flow and credit facility availability to be sufficient for its operating requirements.

Nov 2, 2026 8-K

Roper Technologies 8-K Report, Financial Results (Oct 22, 2026)

Roper Technologies, Inc. filed this Form 8-K on October 22, 2026 to furnish Exhibit 99.1, a press release announcing results for the quarter ended September 30, 2026. Third-quarter net revenues rose 8% to $2.17 billion, with organic revenue growth of 7% and acquisitions contributing 1%. GAAP net earnings increased 22% to $485 million, while adjusted net earnings rose 5% to $586 million. Adjusted EBITDA increased 7% to $864 million, and GAAP diluted EPS increased 33% to $4.88 while adjusted DEPS increased 15% to $5.89. The company deployed $436 million toward three bolt-on acquisitions (iPipeline, Procare and Strata) during the quarter and received $1.2 billion in proceeds from Indicor's sale of its instrumentation businesses. Management raised full-year 2026 adjusted DEPS guidance to $22.35 to $22.40, up from $22.15 to $22.30, and guided fourth-quarter adjusted DEPS to $5.95 to $6.00. The guidance excludes unannounced acquisitions or divestitures, proceeds from Indicor's pending divestiture of its Cornell Pump and Roper Pump businesses, and potential share repurchases. The CEO stated the company has more than $6 billion of capital deployment capacity. Nine-month GAAP net earnings of $2.16 billion were inflated by a $1.06 billion equity investment gain tied to Indicor, which the company excludes from adjusted results. Balance sheet activity was significant over the first nine months: the company repurchased $2.73 billion of common stock, and treasury stock rose to $3.25 billion from $516 million at year-end 2025. Current portion of long-term debt increased to $1.42 billion from $705 million, and total stockholders' equity declined to $19.17 billion from $19.88 billion. Cash provided by operating activities was $1.88 billion for the nine months.

Oct 22, 2026 8-K

Roper Technologies 8-K Report, Executive Changes (Oct 1, 2026)

Roper Technologies, Inc. filed this Current Report on Form 8-K on October 1, 2026 to disclose that its Board of Directors elected Mr. Abhijit Dubey, age 52, as a director effective October 1, 2026, with a term expiring at the Company's 2027 Annual Meeting of Stockholders. The Board elected him on September 29, 2026. Mr. Dubey will receive compensation under the Company's standard director arrangements, as described in the 2026 Proxy Statement filed April 7, 2026. On October 1, 2026, he will receive an equity award with a grant date fair value of approximately $224,583, representing the pro-rata value of a full-year non-employee director award of $385,000. Because he elected to receive his annual cash retainer in equity, he will also receive a $5,000 equity award, representing the pro-rata value of the $30,000 cash retainer for the first six months of the Board year. He will also enter into the Company's standard indemnification agreement for directors and officers. The filing attaches Exhibit 99.1, a press release describing Mr. Dubey's background as Chief Executive Officer and Chief AI Officer of NTT DATA, Inc. and a Director of NTT DATA Group Corporation. Previously, he served as Chairman and Global Chief Executive Officer of NTT Ltd. and spent more than 20 years at McKinsey & Company. Roper's President and CEO, Neil Hunn, and Board Chair, Amy Woods Brinkley, were quoted in support of the appointment.

Oct 1, 2026 8-K

Roper Technologies 8-K Report, Temporary Suspension of Trading Under Employee Benefit Plans (Aug 10, 2026)

Roper Technologies, Inc. filed this Form 8-K under Item 5.04 to disclose a temporary suspension of trading under its employee benefit plans. The company, acting as plan administrator, has notified participants of an anticipated blackout period for the Roper Technologies, Inc. Employees' Retirement Savings 003 Plan and Employees' Retirement Savings 004 Plan (collectively, the 401(k) Plans). The blackout is tied to the transition of recordkeeping services for the 401(k) Plans from Vanguard to Fidelity Investments, effective October 2, 2026. During the blackout, participants and beneficiaries will be temporarily unable to change investment elections, transfer assets among funds, obtain loans or distributions, or conduct certain other transactions, including transactions involving Company common stock held through the plans. The blackout is expected to begin at 4:00 p.m. Eastern Time on September 25, 2026, and end during the week of October 18, 2026. Under Section 306(a) of the Sarbanes-Oxley Act and Regulation BTR, the company notified its directors and executive officers on August 7, 2026 that, during the blackout and subject to certain exceptions, they are prohibited from purchasing, selling, or otherwise acquiring or transferring Company equity securities acquired through their service or employment. The filing is administrative in nature and does not report financial results or a change in operations.

Aug 10, 2026 10-Q

Roper Technologies Quarterly Report for Q2 Ended Jun 30, 2026

Roper Technologies, Inc. reported second-quarter 2026 net revenues of $2,108.9 million, up from $1,943.6 million in the second quarter of 2025, and net earnings of $1,168.5 million versus $378.3 million a year earlier. The results were driven largely by a non-operating gain: equity investment activity was a gain of $835.2 million in the quarter, primarily from an $828.6 million increase in the fair value of the company's Indicor equity investment, reflecting updated valuation assumptions made in anticipation of Indicor's planned divestiture of its instrumentation businesses. Income from operations rose to $584.7 million from $548.3 million. Diluted earnings per share were $11.62 for the quarter versus $3.49 a year earlier. Organic revenue growth was 4.9% for the quarter, with acquisitions contributing 3.4 points. Operating results were steady across segments. Application Software revenue grew 7.8% to $1,180.8 million, Network Software grew 11.8% to $430.9 million, and Technology Enabled Products grew 7.3% to $497.2 million. Backlog rose 11.0% to $3,286.0 million. Operating margin in Network Software declined to 41.0% from 43.9%, mainly due to acquisition-related amortization. Six-month operating cash flow was $1,061.6 million, up from $932.8 million. Capital allocation and leverage shifted meaningfully. The company repurchased 7.865 million shares for $2,724.1 million in the first half of 2026, and $2,775.9 million remained under the repurchase authorization at June 30, 2026. Total debt, net of deferred financing costs, rose to $11,319.4 million from $9,301.0 million at year-end 2025, largely from $2,000.0 million of net revolving credit facility borrowings. Net debt to total net capital was 36.9%, up from 31.2%. The company also entered a new five-year $3,500.0 million unsecured credit facility on March 30, 2026. Management expects the planned Indicor Instrumentation sale to AMETEK, Inc. for an enterprise value of about $5.0 billion, which is expected to close in the second half of 2026, to bring pre-tax cash proceeds of approximately $1.3 billion to Roper.

Jul 31, 2026 8-K

Roper Technologies 8-K Report, Financial Results (Jul 23, 2026)

Roper Technologies, Inc. reported second-quarter 2026 net revenues of $2.11 billion, up 9% from $1.94 billion a year earlier. Management attributed 5% of that growth to organic revenue and 3% to acquisitions, with no foreign exchange contribution. GAAP net earnings rose to $1,168.5 million from $378.3 million, but the increase was driven largely by an $835.2 million equity investment gain tied to the company's minority stake in Indicor. On a non-GAAP basis, adjusted diluted earnings per share (DEPS) increased 10% to $5.38, and adjusted free cash flow increased 11% to $447 million. The company repurchased 3.6 million shares for $1.2 billion in the quarter. Under the program to date, it has repurchased 9.0 million shares for $3.2 billion, which management says is more than 8% of shares outstanding. Long-term debt, net of current portion, increased to $10.60 billion at June 30, 2026 from $8.60 billion at December 31, 2025, and treasury stock rose to $3.25 billion from $516.1 million. Roper raised its full-year 2026 guidance. Adjusted DEPS is now expected at $22.15 to $22.30, up from $21.80 to $22.05. Total revenue growth is now expected at 8% or more, versus approximately 8% previously, and organic revenue growth at approximately 6%, versus 5% to 6% previously. Third-quarter 2026 adjusted DEPS is guided to $5.75 to $5.80. Guidance excludes future acquisitions or divestitures, proceeds from Indicor's pending divestiture of its instrumentation businesses, and potential share repurchases.

Jul 23, 2026 8-K

Roper Technologies 8-K Report, Executive Changes (May 19, 2026)

At its 2026 Annual Meeting on May 19, 2026, Roper Technologies, Inc. (ROP) shareholders approved an amendment to the Roper Technologies, Inc. 2021 Incentive Plan. The amendment adds 14,150,000 new shares of common stock, bringing the total approved for awards under the plan to 23,409,479 shares, including 9,259,479 shares previously approved in 2021. It also eliminates an exception to the one-year minimum vesting requirement for awards to non-employee directors. Shareholders also approved an amended and restated Employee Stock Purchase Plan, effective July 1, 2026. The plan adds 1,000,000 new shares, bringing the total approved for purchase to 2,000,000 shares. Participants may now contribute up to 15% of compensation through payroll deductions, up from 10%, and the purchase discount increases from 10% to 15%. The number of offering periods falls from four three-month periods to two. All nine director nominees were elected to one-year terms, and shareholders approved the say-on-pay advisory vote, the ratification of PricewaterhouseCoopers LLP as auditor for 2026, and both incentive plan proposals. A shareholder proposal asking for a strategic review of a proposed spin-off of the Application Software and Network Software segments was not approved, receiving 536,956 votes for and 88,537,496 against.

May 19, 2026 10-Q

Roper Technologies Quarterly Report for Q1 Ended Mar 31, 2026

Roper Technologies, Inc. reported first-quarter 2026 net revenues of $2.095 billion, up from $1.883 billion in the prior-year quarter, with organic revenue growth of 5.6% as stated in the filing. Net earnings rose to $508.9 million from $331.1 million, helped by a $167.3 million gain on the company's equity investment in Indicor, compared with a $44.4 million loss a year earlier. Income from operations was $569.6 million versus $525.8 million, and diluted EPS was $4.87 versus $3.06. Segment operating margins declined in Network Software (40.6% vs. 44.3%) and Technology Enabled Products (32.4% vs. 35.0%), while Application Software improved to 26.8% from 25.9%. Capital allocation and leverage were the main balance-sheet developments. Roper repurchased $1.50 billion of common stock in the quarter and, in April 2026, repurchased a further $528.4 million; the Board added $3.0 billion of authorization in April, leaving $3.47 billion available as of April 30, 2026. Total debt, net of deferred financing costs, rose to $10.46 billion from $9.30 billion, mainly from $1.15 billion of net revolver borrowings, and net debt divided by total net capital increased to 34.9% from 31.2%. On March 30, 2026, the company entered into a new five-year $3.5 billion unsecured revolving credit facility that replaced its prior facility. Operating cash flow was $592.1 million, up from $528.7 million. Backlog (remaining performance obligations expected within 12 months) was $3.39 billion, up 11.8% from $3.03 billion a year earlier, and total remaining performance obligations were $5.28 billion. Management reported no material changes to risk factors and no changes in internal control over financial reporting.

May 1, 2026 8-K

Roper Technologies 8-K Report, Financial Results (Apr 23, 2026)

Roper Technologies, Inc. reported first quarter 2026 results for the quarter ended March 31, 2026, in a press release furnished as Exhibit 99.1 to this Form 8-K. Net revenues rose 11% to $2.10 billion, with organic revenue up 6% and acquisitions contributing 5%. GAAP net earnings increased 54% to $509 million, while adjusted net earnings rose 4% to $539 million and adjusted EBITDA increased 8% to $797 million. The GAAP increase was driven largely by a $167.3 million equity investment gain tied to the minority stake in Indicor, which is excluded from the company's non-GAAP results. Operating cash flow increased 12% to $592 million and free cash flow increased 11% to $562 million. Capital deployment was a major focus. The company repurchased 4.3 million shares for $1.5 billion in the quarter and 6.0 million shares for $2.2 billion program-to-date. The Board authorized an additional $3 billion of repurchases, bringing remaining capacity to $3.8 billion. Management also cited more than $5 billion of deployable capacity for acquisitions and buybacks. Total long-term debt rose to $9.75 billion from $8.60 billion at year-end 2025, reflecting a $1.15 billion net revolver borrowing, and treasury stock increased to $2.02 billion. Roper raised its full-year 2026 adjusted DEPS guidance to $21.80 to $22.05 from $21.30 to $21.55. Second-quarter 2026 adjusted DEPS guidance is $5.25 to $5.30. Guidance excludes unannounced acquisitions or divestitures and potential share repurchases, and does not include potential impacts from the Indicor investment, which the company says cannot be reasonably predicted.

Apr 23, 2026 8-K

Roper Technologies 8-K Report, Material Agreement (Apr 1, 2026)

Roper Technologies, Inc. entered into a new five-year unsecured credit facility dated March 30, 2026 (the "Credit Agreement"), which replaces its existing $3.50 billion unsecured credit facility dated July 21, 2022. The new facility comprises a five-year $3.50 billion revolving credit facility, with up to $150.0 million available for letters of credit, of which $60.0 million shall be committed. The Company may also, subject to specified conditions, request additional term loans or revolving credit commitments in an aggregate amount not to exceed $1.00 billion. JPMorgan Chase Bank, N.A. serves as administrative agent, with Bank of America, N.A. and Wells Fargo Bank, National Association as syndication agents. The facility's pricing is tied to Roper's senior unsecured long-term debt rating. Based on the current rating, term SOFR loans would bear a spread of 0.920%, ABR loans a spread of 0.000%, letters of credit a quarterly fee of 0.920% per annum plus a 0.125% fronting fee, and the facility fee would accrue at 0.080% per annum. The Credit Agreement requires a Total Debt to Total Capital Ratio of 0.65 to 1.00 or less, and borrowings are prepayable at any time without premium or penalty. Roper may add foreign subsidiaries as borrowers, guaranteeing their obligations, but the Company's own obligations are not guaranteed by its subsidiaries. In connection with entering the new facility, Roper terminated its prior credit agreement, under which $2.0 billion of principal was outstanding and approximately $6.2 million of letters of credit were outstanding as of the termination date. The filing is primarily a refinancing and amendment of the Company's core liquidity backstop, with the terms of the new agreement set out in Exhibit 10.1.

Apr 1, 2026 10-K

Roper Technologies Annual Report, Year Ended Dec 31, 2025

Roper Technologies, Inc. (Nasdaq: ROP) reported 2025 net revenues of $7,902.5 million, up from $7,039.2 million in 2024, with organic revenue growth of 5.4% and acquisitions contributing 6.7 points of growth. Net earnings from continuing operations were $1,536.3 million, down from $1,549.3 million, and diluted EPS was $14.20 versus $14.35 in 2024. Income from operations rose to $2,235.4 million, while interest expense, net, increased to $325.0 million from $259.2 million, reflecting higher fixed-rate debt. Operating cash flow was $2,540.3 million, up from $2,393.2 million. The company deployed significant capital toward acquisitions in 2025, most notably CentralReach (approximately $1,850 million) and Subsplash (approximately $800 million), and total debt, excluding unamortized issuance costs, rose to $9,355.9 million from $7,669.2 million. Goodwill of $21,341.2 million represented roughly 62% of total assets of $34,577.0 million, and the filing states that management does not expect impairment in any reporting unit based on its 2025 qualitative assessment. Management also repurchased $500.0 million of stock in the fourth quarter and, from January 1 to February 20, 2026, repurchased a further $1,313.5 million, leaving $1,186.5 million available under the $3,000.0 million program. The Board raised the quarterly dividend to $0.91 per share from $0.825. The filing describes a decentralized, three-segment structure: Application Software ($4,483.0 million, 56.7% of revenue), Network Software ($1,600.8 million, 20.3%), and Technology Enabled Products ($1,818.7 million, 23.0%). Backlog rose 10.3% to $3,424.6 million. The company also notes the Indicor minority equity stake, valued at $796.3 million, and a 2025 cash tax benefit of approximately $150 million from the OBBBA's repeal of Section 174 capitalization.

Feb 24, 2026 8-K

Roper Technologies 8-K Report, Financial Results (Jan 27, 2026)

Roper Technologies, Inc. filed this Form 8-K on January 27, 2026 to furnish its press release (Exhibit 99.1) reporting results for the fourth quarter and fiscal year ended December 31, 2025, and initiating 2026 guidance. Fourth-quarter revenue rose 10% to $2.06 billion, with acquisitions contributing 5% and organic growth 4%. GAAP net earnings decreased 7% to $428 million, while adjusted net earnings increased 8% to $561 million. Adjusted EBITDA grew 10% to $818 million, and free cash flow rose 4% to $714 million. For the full year, revenue increased 12% to $7.90 billion, GAAP diluted EPS decreased 1% to $14.20, and adjusted DEPS increased 9% to $20.00. For 2026, the company guides to adjusted DEPS of $21.30 to $21.55, total revenue growth of approximately 8%, and organic revenue growth of 5% to 6%. Q1 2026 adjusted DEPS is expected to be $4.95 to $5.00. Guidance excludes unannounced acquisitions or divestitures and potential share repurchases, and it does not reflect potential impacts from the company's minority investment in Indicor, which the company says will be excluded from non-GAAP results going forward. During 2025, Roper deployed $3.3 billion on acquisitions, including CentralReach and Subsplash, and repurchased 1.12 million shares for $500 million. Total debt on the balance sheet rose, with long-term debt at $8.60 billion at year end versus $6.58 billion a year earlier, and the company issued $2.0 billion of senior notes during the year. Management states it has significant M&A capacity and flexibility to use its share repurchase program.

Jan 27, 2026 10-Q

Roper Technologies Quarterly Report for Q3 Ended Sep 30, 2025

Roper Technologies, Inc. reported third-quarter 2025 net revenues of $2,017.5 million, up from $1,764.6 million a year earlier, with net earnings of $398.5 million (diluted EPS of $3.68, versus $3.40). For the nine months ended September 30, 2025, net revenues were $5,843.9 million and net earnings were $1,107.9 million. Organic revenue growth was 6.0% for the quarter and 5.8% for the nine months, with acquisitions contributing 8.0% and 7.3% respectively. Segment operating margins were 32.3% for the quarter, and income from operations was $573.0 million for the quarter. Backlog increased 4.9% to $3,174.0 million. Cash provided by operating activities rose to $1,802.3 million for the nine months, from $1,671.0 million. During the period the company acquired CentralReach for $1,850 million, Subsplash for $800.0 million, and several bolt-on businesses totaling $648.5 million, funded largely by borrowings. Total debt, net of deferred financing costs, increased to $9,454.1 million from $7,623.0 million at December 31, 2024, and net debt to total net capital was 31.4% versus 28.3%. The company issued $2,000.0 million of senior notes in August 2025 and repaid $700.0 million of 2025 notes at maturity. Subsequent to quarter end, in October 2025, the board approved a share repurchase program of up to $3,000.0 million of common stock with no fixed expiration. The filing notes that the OBBBA tax legislation is expected to provide a full-year 2025 cash tax benefit of approximately $150 million, with approximately $120 million expected in 2026.

Oct 31, 2025 8-K

Roper Technologies 8-K Report, Financial Results (Oct 23, 2025)

Roper Technologies, Inc. filed this Form 8-K on October 23, 2025 to furnish its press release (Exhibit 99.1) reporting third-quarter 2025 results for the quarter ended September 30, 2025. Revenue rose 14% to $2.02 billion, with acquisitions contributing 8 percentage points and organic growth 6%. GAAP net earnings increased 8% to $398 million, while adjusted net earnings increased 12% to $557 million. Adjusted EBITDA grew 13% to $810 million, operating cash flow rose 15% to $870 million, and free cash flow increased 17% to $842 million. GAAP diluted EPS was $3.68 (up 8%) and adjusted DEPS was $5.14 (up 11%), which included a $(0.05) impact from third-quarter bolt-on acquisitions not reflected in prior guidance. Management adjusted full-year 2025 adjusted DEPS guidance to $19.90–$19.95, down from the prior $19.90–$20.05 range, reflecting underlying trends and $0.10 of incremental dilution from third-quarter acquisitions. Total revenue growth of approximately 13% is still expected, and organic revenue growth is now expected to be approximately 6%. For the fourth quarter, adjusted DEPS guidance is $5.11–$5.16. Management cited the government shutdown and timing delays at Neptune as factors affecting results. During the quarter the company deployed $1.3 billion toward Subsplash and several bolt-on acquisitions, and it also acquired Convoy and Orchard Software. The Board authorized a new share repurchase program of up to $3 billion of common stock. Repurchases may be made through open-market or privately negotiated transactions, carry no obligation to buy any particular amount, and may be suspended at any time. The filing also reports a balance sheet with total assets of $34.58 billion at September 30, 2025, total debt (current and long-term) of $9.45 billion, and cash of $320.0 million.

Oct 23, 2025 8-K

Roper Technologies 8-K Report, Financial Obligation (Aug 12, 2025)

On August 12, 2025, Roper Technologies, Inc. consummated the issuance and sale of $2.0 billion in aggregate principal amount of senior unsecured notes under an underwriting agreement dated August 7, 2025 with BofA Securities, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as representatives. The offering comprises $500 million of 4.250% Senior Notes due 2028, $500 million of 4.450% Senior Notes due 2030, and $1.0 billion of 5.100% Senior Notes due 2035. The notes were issued under a 2018 indenture with Computershare Trust Company, N.A. as trustee, as supplemented by an officer's certificate dated August 12, 2025, and were sold under the company's Form S-3ASR registration statement dated October 24, 2024. The filing is primarily a debt financing disclosure filed under Item 2.03 (creation of a direct financial obligation) and Item 8.01 (other events). The company's material terms for the notes are set out in the officer's certificate, filed as Exhibit 4.1, and the underwriting agreement is filed as Exhibit 1.1. An opinion of Jones Day is included as Exhibit 5.1.

Aug 12, 2025 10-Q

Roper Technologies Quarterly Report for Q2 Ended Jun 30, 2025

Roper Technologies, Inc. reported net revenues of $1,943.6 million for the three months ended June 30, 2025, compared with $1,716.8 million in the prior-year quarter, and net earnings of $378.3 million versus $337.1 million. For the six months, net revenues were $3,826.4 million and net earnings were $709.4 million. Diluted earnings per share were $3.49 for the quarter and $6.55 for the six months. Organic revenue growth was 6.7% for the quarter and 5.8% for the six months, with acquisitions contributing the remainder of the growth. Segment results were mixed: Application Software grew 17.5% in the quarter, Network Software grew 5.8%, and Technology Enabled Products grew 10.1%. The company's balance sheet grew substantially through acquisitions during the period. Goodwill rose to $20,507.6 million and total assets reached $33,220.4 million at June 30, 2025. Total debt, net of deferred financing costs, increased to $8,859.0 million from $7,623.0 million at December 31, 2024, primarily from borrowings under the revolving credit facility to fund the CentralReach acquisition. Net debt as a percentage of total net capital rose to 30.5% from 28.3%. Cash provided by operating activities was $932.8 million for the six months, up from $915.6 million. Subsequent to the quarter, the company disclosed three acquisitions completed in late July 2025: Subsplash (approximately $800 million), Orchard Software (approximately $175 million), and Convoy (approximately $250 million). The filing also states that the enacted One Big Beautiful Bill Act is expected to provide a full-year 2025 cash tax benefit of approximately $150 million, with approximately $120 million expected in 2026.

Aug 1, 2025 8-K

Roper Technologies 8-K Report, Financial Results (Jul 21, 2025)

Roper Technologies, Inc. reported second-quarter 2025 results for the period ended June 30, 2025, with revenue of $1.94 billion, up 13%. Organic revenue grew 7% and acquisitions contributed 6%. GAAP net earnings rose 12% to $378 million, and adjusted net earnings rose 9% to $528 million. Adjusted EBITDA increased 12% to $775 million, and adjusted free cash flow increased 10% to $403 million. Management said growth was balanced across all three segments: Application Software, Network Software, and Technology Enabled Products. The company also announced a definitive agreement to acquire Subsplash, a provider of AI-enabled, cloud-based software and fintech solutions serving over 20,000 faith-based organizations and churches, for a purchase price of $800 million. The filing states the deal is expected to close later in July 2025 and that the company's guidance includes its impact. Management described Subsplash as having a high-teens organic growth profile. Roper raised its full-year 2025 outlook. Adjusted DEPS guidance is now $19.90 to $20.05, up from $19.80 to $20.05 previously. Total revenue growth is now expected to be about 13%, up from about 12%, while organic revenue growth expectations of 6% to 7% are unchanged. Third-quarter 2025 adjusted DEPS is guided to $5.08 to $5.12. Guidance excludes unannounced future acquisitions or divestitures.

Jul 21, 2025 8-K

Roper Technologies 8-K Report, Shareholder Vote Results (Jun 11, 2025)

Roper Technologies, Inc. filed this Form 8-K under Item 5.07 to report the results of its 2025 Annual Meeting of Shareholders, held June 10, 2025, in Sarasota, Florida. Shareholders elected all nine director nominees to one-year terms expiring at the 2026 Annual Meeting. Shareholders also approved the two other proposals: a non-binding advisory vote on named executive officer compensation and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the year ending December 31, 2025. The say-on-pay proposal received 85,257,889 votes for, 8,019,312 against, 178,849 abstentions and 4,958,552 broker non-votes. The auditor ratification received 93,295,034 votes for, 5,074,559 against and 45,009 abstentions. Director support varied: Richard F. Wallman recorded the highest number of votes against (4,560,573), while L. Neil Hunn recorded the most votes for (93,203,454) among the nominees. The filing contains no financial results, guidance or transactions. Its only exhibit is the Cover Page Interactive Data File (Exhibit 104), embedded within the Inline XBRL document. For investors, the main takeaways are the continuity of the board, the shareholder endorsement of executive pay and the reappointment of the auditor.

Jun 11, 2025 10-Q

Roper Technologies Quarterly Report for Q1 Ended Mar 31, 2025

Roper Technologies, Inc. reported net revenues of $1,882.8 million for the three months ended March 31, 2025, up from $1,680.7 million a year earlier, an increase of 12.0% per the filing, with organic revenue growth of 4.8%. Net earnings fell to $331.1 million from $382.0 million, largely because of a $44.4 million loss on equity investments, driven by a $44.1 million decrease in the fair value of its Indicor investment, compared with a $57.0 million gain in the prior-year quarter. Income from operations rose to $525.8 million from $481.3 million. Diluted EPS was $3.06 versus $3.54. Cash provided by operating activities was $528.7 million, roughly flat versus $531.5 million, reflecting a $24.0 million litigation settlement payment, incentive compensation payments, and higher cash taxes paid. Cash used in investing activities was $146.8 million, mainly for the Muni-Link acquisition at a purchase price of $118.0 million. Total debt, net of deferred financing costs, decreased to $7,456.4 million from $7,623.0 million, and the company repaid its $125.0 million revolver balance. Backlog increased 3.5% to $3,033.8 million. Subsequent to quarter end, Roper acquired CentralReach for approximately $1,850 million on April 23, 2025, funded with borrowings under its unsecured revolving credit facility. The filing states that CentralReach results will be reported in the Application Software segment beginning in the second quarter of 2025, and that existing cash, operating cash flows and credit facility availability are expected to fund operations for the foreseeable future.

May 2, 2025 8-K

Roper Technologies 8-K Report, Financial Results (Apr 28, 2025)

Roper Technologies, Inc. filed this Form 8-K on April 28, 2025 to furnish its press release (Exhibit 99.1) reporting results for the first quarter ended March 31, 2025. Revenue increased 12% to $1.88 billion, comprising an 8% acquisition contribution and 5% organic growth. GAAP net earnings decreased 13% to $331 million, while adjusted net earnings increased 9% to $517 million. GAAP diluted EPS decreased 14% to $3.06, and adjusted DEPS increased 8% to $4.78. Adjusted EBITDA rose 9% to $740 million, and trailing-twelve-months adjusted free cash flow grew 12%, to $2.28 billion in the reconciliation table. Management raised its full-year 2025 adjusted DEPS guidance to $19.80 to $20.05, from $19.75 to $20.00, and increased its total revenue growth outlook to approximately 12% from 10%+. Organic revenue growth expectations were maintained at 6% to 7%. For Q2 2025, the company guided to adjusted DEPS of $4.80 to $4.84. The guidance includes the CentralReach acquisition, which closed on April 23, 2025, and excludes unannounced future acquisitions or divestitures. The quarter's GAAP results were affected by a $44 million pretax charge from the company's minority equity investment in Indicor, reported within equity investments (gain) loss, net. Roper excludes these impacts from its non-GAAP measures. Cash and cash equivalents rose to $372.8 million at March 31, 2025, and the company remains positioned for continued acquisitions.

Apr 28, 2025 8-K

Roper Technologies 8-K Report, Executive Changes (Apr 14, 2025)

Roper Technologies, Inc. (ROP) filed this Current Report on Form 8-K on April 14, 2025, under Item 5.02 to disclose a board change. Christopher Wright notified the Company on April 8, 2025, of his intention to retire from the Board of Directors, effective as of the Company's 2025 Annual Meeting of Shareholders to be held on June 10, 2025. Mr. Wright has served as a Director since 1991. Upon his retirement, the size of the Board will be reduced to 9 directors. The filing states that Mr. Wright's decision to retire was not due to any disagreements with the Company on any matter relating to its operations, policies, or practices. The filing includes no financial results, financial statements, or operating metrics; its only exhibit listed is the Cover Page Interactive Data File (Exhibit 104). For investors, this is a governance update rather than a financial event. It reflects a long-tenured director's planned departure and a corresponding reduction in board size, with no stated disagreement behind the decision.

Apr 14, 2025 10-K

Roper Technologies Annual Report, Year Ended Dec 31, 2024

Roper Technologies, Inc. reported net revenues of $7,039.2 million for 2024, up from $6,177.8 million in 2023, an increase of 13.9% (organic growth of 5.8%, with acquisitions contributing 8.1%). Income from operations rose to $1,996.8 million from $1,745.2 million, and net earnings from continuing operations increased to $1,549.3 million from $1,368.4 million. Diluted EPS from continuing operations was $14.35 versus $12.74 in 2023. Operating cash flow from continuing operations was $2,393.2 million, up from $2,037.4 million. The company's growth in 2024 was driven largely by acquisitions, most notably Procare ($1,860.0 million) and Transact Campus ($1,607.0 million), which were combined with the Application Software segment. Application Software revenue rose to $3,868.3 million, Network Software to $1,475.6 million, and Technology Enabled Products to $1,695.3 million. Backlog declined 1.6% to $3,105.4 million, primarily due to lower Technology Enabled Products backlog. Leverage increased: total debt was $7,669.2 million (excluding debt issuance costs) at year-end 2024 versus $6,360.2 million a year earlier, mainly from $2,000.0 million of senior notes issued in 2024. Goodwill totaled $19,312.9 million, or 62% of total assets of $31,334.7 million, which the filing identifies as a key risk if future performance falls short. Roper also sold its Certinia equity investment for $245.6 million, and its Indicor minority stake is carried at $772.3 million under the fair value option.

Feb 24, 2025 8-K

Roper Technologies 8-K Report, Financial Results (Jan 30, 2025)

Roper Technologies, Inc. (Nasdaq: ROP) reported results for the fourth quarter and full year ended December 31, 2024, in a press release furnished as Exhibit 99.1 to this Form 8-K. Fourth-quarter revenue rose 16% to $1.88 billion, with acquisitions contributing 9 percentage points and organic growth 7%. GAAP net earnings increased 22% to $462 million and GAAP diluted EPS (DEPS) increased 22% to $4.28. For the full year, revenue increased 14% to $7.04 billion, with 6% organic growth and an 8% acquisition contribution. Operating cash flow was $2.39 billion, and free cash flow grew 16% to $2.3 billion, which management said surpassed $2 billion for the first time. Management deployed $3.6 billion of capital into vertical software acquisitions, including Procare Solutions and Transact Campus. Full-year GAAP net earnings rose 13% to $1.55 billion and GAAP DEPS rose 13% to $14.35. Adjusted net earnings rose 10% to $1.98 billion and adjusted DEPS rose 10% to $18.31. Adjusted figures exclude the financial impacts of Roper's minority investments in Indicor and Certinia, which are recorded in "equity investments gain, net." Roper sold its Certinia minority interest during the quarter and recognized the associated gain in that line. For 2025, Roper guided to full-year adjusted DEPS of $19.75 to $20.00 and first-quarter adjusted DEPS of $4.70 to $4.74. The company expects total revenue growth of 10% or more, with organic revenue growth of 6% to 7%. Guidance excludes unannounced future acquisitions or divestitures and any potential impacts from the Indicor investment, which management said cannot be reasonably predicted.

Jan 30, 2025 8-K

Roper Technologies 8-K Report, Bylaw Amendment (Nov 7, 2024)

On November 6, 2024, the Board of Directors of Roper Technologies, Inc. amended the Company's Amended and Restated By-Laws, specifically Article 12, Amendments. The change lowers the shareholder vote needed to amend the By-Laws at any stockholder meeting from at least 66⅔% of the shares entitled to vote to at least a majority of those shares. The filing is narrow in scope and does not disclose financial results, operating developments, or other financial metrics. Its significance for investors lies in governance: a majority-vote threshold makes it easier for shareholders to change the By-Laws, which can increase shareholder influence over the company's governing rules. The amended By-Laws are filed as Exhibit 3.1 and incorporated by reference, and the filing notes that the description is qualified in its entirety by the full text of those By-Laws. The filing also includes Exhibit 104, the cover page Interactive Data File embedded within the Inline XBRL document.

Nov 7, 2024 10-Q

Roper Technologies Quarterly Report for Q3 Ended Sep 30, 2024

Roper Technologies, Inc. reported net revenues of $1,764.6 million for the three months ended September 30, 2024, compared with $1,563.4 million a year earlier, and net earnings of $367.9 million versus $347.2 million. For the nine months, net revenues were $5,162.1 million (vs. $4,564.3 million) and net earnings were $1,087.0 million (vs. $995.2 million). Diluted EPS was $3.40 for the quarter and $10.06 for the nine months. Organic revenue growth was 4.1% for the quarter and 5.4% for the nine months, with acquisitions contributing the rest of the growth, most notably Procare and Transact. The company deployed significant capital during the period. It acquired Procare Software for $1,860 million (February 2024) and Transact Campus for $1,607 million (August 2024), and it issued $2.0 billion of senior notes in August 2024. Cash provided by operating activities from continuing operations was $1,671.0 million for the nine months, up from $1,415.7 million. Total debt, net of deferred financing costs, rose to $8,376.6 million from $6,330.1 million at year-end 2023, and net debt to total net capital was 30.5%, compared with 26.0% at December 31, 2023. Backlog (remaining performance obligations expected within 12 months) increased 3.9% to $3,026.1 million. Management stated that it expects operating cash flows to permit debt reduction under the repayment schedule, while noting that the pace of reduction depends on acquisition financing needs and broader economic conditions. A pending antitrust action against subsidiary PowerPlan, Inc. seeks damages of approximately $66 million; management believes the outcome should not have a material adverse effect.

Nov 1, 2024 8-K

Roper Technologies 8-K Report, Financial Results (Oct 23, 2024)

Roper Technologies, Inc. filed this Form 8-K on October 23, 2024 to furnish its press release (Exhibit 99.1) announcing results for the quarter ended September 30, 2024, on a continuing operations basis. Third-quarter net revenues rose 13% to $1.76 billion, with organic revenue up 4% and acquisitions contributing 9%. GAAP diluted earnings per share increased 6% to $3.40, and adjusted DEPS increased 7% to $4.62. Adjusted EBITDA grew 10% to $717 million, operating cash flow was $755 million, and adjusted free cash flow increased 15% to $719 million. Management raised its full-year 2024 adjusted DEPS guidance to $18.21 to $18.25, up from $18.10 to $18.25, and increased its total revenue growth outlook to 13% or more, while continuing to expect organic revenue growth of approximately 6%. Fourth-quarter adjusted DEPS is guided to $4.70 to $4.74. Guidance excludes unannounced future acquisitions or divestitures. The company stated it completed the acquisition of Transact Campus during the quarter, which was combined with its CBORD business. The balance sheet shows goodwill of $19.27 billion and other intangible assets of $9.21 billion at September 30, 2024, against total assets of $31.55 billion. Long-term debt, net of current portion, rose to $7.68 billion from $5.83 billion at December 31, 2023, and nine-month acquisitions of businesses totaled $3.46 billion in cash. Management highlighted significant M&A capacity and a robust acquisition pipeline.

Oct 23, 2024 8-K

Roper Technologies 8-K Report, Financial Obligation (Aug 21, 2024)

Roper Technologies, Inc. consummated on August 21, 2024 the issuance and sale of $2,000,000,000 in aggregate principal amount of senior unsecured notes under an Underwriting Agreement dated August 19, 2024 with BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as representatives of the underwriters. The offering consists of three tranches: $500,000,000 of 4.500% Senior Notes due 2029, $500,000,000 of 4.750% Senior Notes due 2032, and $1,000,000,000 of 4.900% Senior Notes due 2034. The Notes were issued under the Company's November 26, 2018 Indenture with Computershare Trust Company, N.A., as successor trustee, as supplemented by an Officer's Certificate dated August 21, 2024. They were offered under the Company's Form S-3ASR registration statement dated October 28, 2021 and related preliminary and final prospectus supplements dated August 19, 2024. The filing is made under Item 2.03 (creation of a direct financial obligation) and Item 8.01 (other events). For investors, the filing establishes $2.0 billion of new long-term unsecured debt with staggered maturities from 2029 to 2034. The filing itself does not state the use of proceeds, and the exhibits (Underwriting Agreement, Officer's Certificate with forms of Notes, and Jones Day legal opinion) are attached for the full terms.

Aug 21, 2024 10-Q

Roper Technologies Quarterly Report for Q2 Ended Jun 30, 2024

Roper Technologies, Inc. reported net revenues of $1,716.8 million for the three months ended June 30, 2024, compared with $1,531.2 million a year earlier, and $3,397.5 million for the six months, compared with $3,000.9 million. Income from operations was $494.2 million for the quarter versus $435.3 million in the prior-year quarter. Net earnings were $337.1 million for the quarter, down from $364.9 million, which included $3.9 million from discontinued operations in 2023. Diluted EPS was $3.12 for the quarter versus $3.40 a year earlier. The decline in net earnings was driven mainly by higher interest expense of $67.5 million (versus $34.8 million) and an equity investment gain of $66.0 million in the prior-year quarter that did not recur. Segment results were broadly positive. Application Software revenue rose 21.0% for the quarter, with organic growth of 4.8% and acquisitions contributing 16.2%, led by the Procare acquisition completed February 26, 2024 for a purchase price of $1,860.0 million net of cash acquired. Network Software revenue grew 1.7%, with organic growth of 1.8%, and Technology Enabled Products grew 4.5%, with organic growth of 4.7%. Backlog increased 3.3% to $2,836.4 million at June 30, 2024. The balance sheet reflects heavier leverage. Total debt, net of deferred financing costs, rose to $7,423.9 million from $6,330.1 million at year-end 2023, mainly from $1,090.0 million of net revolver borrowings used to fund the acquisition. Net debt to total net capital was 28.3%, up from 26.0%. Operating cash flow from continuing operations for the six months was $915.6 million, compared with $785.0 million in the prior year. The company also disclosed a pending lawsuit against subsidiary PowerPlan, Inc. in which the plaintiff claims damages of approximately $66 million, and management believes the ultimate liability should not have a material adverse effect.

Aug 1, 2024 8-K

Roper Technologies 8-K Report, Financial Results (Jul 24, 2024)

Roper Technologies, Inc. furnished a press release (Exhibit 99.1) reporting results for the second quarter ended June 30, 2024, on a continuing operations basis. Net revenues rose 12% to $1.72 billion, with organic revenue up 4%. GAAP net earnings declined 7% to $337 million (GAAP diluted EPS of $3.12, down 7%), while adjusted net earnings increased 9% to $483 million and adjusted DEPS increased 9% to $4.48. Adjusted EBITDA grew 13% to $695 million, and operating cash flow rose 20% to $384 million. CEO Neil Hunn cited improving demand for enterprise software, partially offset by production timing at Neptune, and said second-quarter free cash flow of $367 million brought trailing-twelve-month adjusted free cash flow to $2.1 billion, or 32% of revenue. Roper raised the low end of its full-year 2024 adjusted DEPS guidance to $18.10 - $18.25, from $18.05 - $18.25. The company continues to expect full-year total revenue growth of approximately 12% and organic revenue growth of approximately 6%, and it guides third-quarter adjusted DEPS to $4.50 - $4.54. Guidance excludes unannounced future acquisitions or divestitures. The filing also notes that GAAP results in the quarter were affected by the minority investments in Indicor and Certinia, which were reported in equity investments (gain) loss, net; in Q2 2023 that line was a $66.0 million gain, versus a $0.8 million loss in Q2 2024. Balance sheet activity over the first half of 2024 shows goodwill rising to $18.31 billion and total long-term debt, net of current portion, increasing to $6.92 billion from $5.83 billion at year-end 2023. Cash flow statements show $1.86 billion spent on acquisitions of businesses in the six months ended June 30, 2024, funded in part by $1.09 billion of net revolving line of credit borrowings. Management stated it has a robust acquisition pipeline and substantial M&A capacity.

Jul 24, 2024 8-K

Roper Technologies 8-K Report, Shareholder Vote Results (Jun 13, 2024)

On June 12, 2024, Roper Technologies, Inc. held its 2024 Annual Meeting of Shareholders in Sarasota, Florida. Shareholders elected all ten director nominees to one-year terms expiring at the 2025 Annual Meeting. Each nominee received more votes for than against, with For votes ranging from 86,741,726 (Amy Woods Brinkley) to 90,961,139 (L. Neil Hunn). Shareholders approved three of the four proposals. A non-binding advisory say-on-pay vote on named executive officer compensation passed with 81,615,960 votes for and 9,843,872 against, along with 126,340 abstentions and 5,337,465 broker non-votes. Shareholders also ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the year ending December 31, 2024, with 92,286,129 votes for and 4,527,900 against. A shareholder proposal regarding majority voting requirements was approved, with 86,438,738 votes for, 3,462,448 against, 1,660,185 abstentions and 5,362,266 broker non-votes. The filing reports only voting results under Item 5.07. The only exhibit listed is the Cover Page Interactive Data File (Exhibit 104), which is embedded within the Inline XBRL document.

Jun 13, 2024 10-Q

Roper Technologies Quarterly Report for Q1 Ended Mar 31, 2024

Roper Technologies, Inc. reported net revenues of $1,680.7 million for the three months ended March 31, 2024, up from $1,469.7 million a year earlier, an increase of 14.4%. Organic revenue growth was 8.1%, with acquisitions contributing 6.0 points. Income from operations rose to $481.3 million from $401.0 million, and net earnings increased to $382.0 million from $283.1 million. Diluted earnings per share from net earnings were $3.54 versus $2.65. Results were helped by a $57.0 million net gain on equity investments, driven mainly by a $64.4 million fair value increase in the Indicor investment. The quarter's key balance sheet event was the February 26, 2024 acquisition of Procare Software for a purchase price of $1,860.0 million, net of cash acquired and certain liabilities assumed. The acquisition was funded largely by borrowings under the unsecured credit facility, which stood at $1,750.0 million at March 31, 2024, up from $360.0 million at December 31, 2023. Total debt, net of deferred financing costs, rose to $7,722.0 million from $6,330.1 million, and net debt / total net capital increased to 29.7% from 26.0%. Cash provided by operating activities from continuing operations was $531.5 million. Backlog, defined as remaining performance obligations expected to be recognized within 12 months, was $2,932.4 million, up 2% from $2,872.5 million a year earlier, with growth from acquisitions partially offset by a decline in the Technology Enabled Products segment. The company also disclosed a pending antitrust and deceptive trade practices lawsuit against its subsidiary PowerPlan, Inc., in which the plaintiff claims damages of approximately $66 million. Management believes the ultimate liability should not have a material adverse effect on the company's financial position, results of operations, or cash flows.

May 3, 2024 8-K

Roper Technologies 8-K Report, Financial Results (Apr 26, 2024)

Roper Technologies, Inc. (Nasdaq: ROP) reported first quarter 2024 results for the quarter ended March 31, 2024, in a press release furnished as Exhibit 99.1 to this Form 8-K. Revenue increased 14% to $1.68 billion, including 8% organic growth. GAAP net earnings increased 34% to $382 million, GAAP diluted EPS (DEPS) increased 33% to $3.54, and adjusted DEPS increased 13% to $4.41. Adjusted EBITDA increased 16% to $676 million, and operating cash flow increased 14% to $531 million. The company stated a 31% free cash flow margin. Results include a $57.0 million equity investment gain tied to its minority stakes in Indicor and Certinia, which the company excludes from adjusted results. Roper raised its full-year 2024 adjusted DEPS guidance to $18.05 to $18.25, up from the prior $17.85 to $18.15 range, and guided second-quarter 2024 adjusted DEPS to $4.42 to $4.46. Management cited strong first-quarter results, continued customer demand for mission-critical solutions, and growth in its recurring revenue base. The company completed its acquisition of Procare during the quarter, with acquisitions of businesses totaling $1,858.7 million in cash outflows. Guidance excludes unannounced future acquisitions or divestitures. Balance sheet changes were significant. Long-term debt, net of current portion, rose to $7,222.3 million from $5,830.6 million at December 31, 2023, reflecting $1,390.0 million in net revolving line of credit borrowings. Goodwill increased to $18,310.8 million and other intangible assets to $8,830.9 million, while cash and cash equivalents declined to $198.4 million. Management stated it has significant M&A capacity and a robust acquisition pipeline.

Apr 26, 2024 8-K

Roper Technologies 8-K Report, Executive Changes (Apr 8, 2024)

Roper Technologies, Inc. filed a Current Report on Form 8-K dated April 8, 2024 to disclose that its Board of Directors elected John F. Murphy, age 55, as a director, effective that day. Mr. Murphy's term expires at the Company's 2024 Annual Meeting of Stockholders, and he will serve on the Audit Committee effective with his election. Under the Company's standard non-employee director arrangements, Mr. Murphy will receive an equity award with a grant date fair value of approximately $64,167, which represents the pro-rata value of a full-year non-employee director award of $385,000. He will also enter into the Company's standard form of director and officer indemnification agreement. Compensation terms follow the Company's 2023 Proxy Statement, filed with the SEC on April 28, 2023. The filing describes Mr. Murphy as most recently Executive Vice President and Chief Financial Officer of Adobe Inc., with prior executive roles at Qualcomm and DIRECTV. Roper's CEO Neil Hunn and Board Chair Amy Woods Brinkley commented in a press release, Exhibit 99.1, which was furnished with the filing. The filing contains no financial results or guidance.

Apr 8, 2024 10-K

Roper Technologies Annual Report, Year Ended Dec 31, 2023

Roper Technologies, Inc. reported net revenues of $6,177.8 million for 2023, up 15.0% from $5,371.8 million in 2022, with organic revenue growth of 7.8% for the company as a whole. Net earnings from continuing operations were $1,368.4 million, and total net earnings were $1,384.2 million, compared with $4,544.7 million in 2022, a year that included large gains from the divestitures of TransCore and the majority stake in Indicor. Operating cash flow from continuing operations rose to $2,037.4 million from $606.6 million, driven mainly by lower cash taxes paid following the 2022 divestitures. Diluted earnings per share from continuing operations were $12.74, versus $9.23 in 2022. The company's three segments all grew in 2023. Application Software revenue was $3,186.9 million, Network Software was $1,439.4 million, and Technology Enabled Products was $1,551.5 million. Segment operating margins were 25.8%, 43.9%, and 33.4%, respectively. Backlog rose 8.4% to $3,156.6 million. Acquisitions included Syntellis for $1,381 million and Replicon for $447.5 million. In January 2024, Roper agreed to acquire Procare for approximately $1,860 million, with closing expected in the first quarter of 2024. Balance-sheet leverage remains a key consideration. Total debt, net of deferred financing costs, was $6,330.1 million at year-end 2023, and goodwill of $17,118.8 million represented 61% of total assets of $28,167.5 million. The company holds a 47.3% minority interest in Indicor, which is carried at fair value at $675.9 million after a $140.9 million fair value gain in 2023. The quarterly dividend was raised to $0.75 per share from $0.6825, a 10% increase.

Feb 22, 2024 8-K

Roper Technologies 8-K Report, Financial Results (Jan 31, 2024)

Roper Technologies, Inc. furnished a press release (Exhibit 99.1) dated January 31, 2024 reporting results for the fourth quarter and full year ended December 31, 2023, on a continuing operations basis. Fourth-quarter revenue rose 13% to $1.61 billion, with organic revenue up 8%. GAAP diluted EPS (DEPS) increased 51% to $3.50 and adjusted DEPS increased 11% to $4.37. Adjusted EBITDA grew 11% to $659 million, and GAAP operating cash flow was $622 million. For the full year, revenue increased 15% to $6.18 billion (organic up 8%), GAAP DEPS increased 38% to $12.74, and adjusted DEPS increased 17% to $16.71. Adjusted EBITDA rose 16% to $2.51 billion, and adjusted operating cash flow increased 33% to $2.07 billion. Management initiated 2024 guidance calling for full-year adjusted DEPS of $17.85 to $18.15, total revenue growth of 11% to 12%, and organic revenue growth of 5% to 6%. First-quarter adjusted DEPS is expected at $4.30 to $4.34. Guidance includes the pending acquisition of Procare Solutions, expected to close in the first quarter of 2024, and excludes unannounced future acquisitions or divestitures. The company also reported that it allocated $2.1 billion to vertical software acquisitions during 2023, and it holds minority interests in Indicor and Certinia, whose fair value changes are reported in 'equity investments activity, net' and excluded from non-GAAP results. The filing also reports completed divestitures of TransCore, Zetec and the majority stake in the industrial businesses (Indicor), which are presented as discontinued operations. Year-end 2023 cash and cash equivalents were $214.3 million, down from $792.8 million, and long-term debt net of current portion was $5.83 billion.

Jan 31, 2024 10-Q

Roper Technologies Quarterly Report for Q3 Ended Sep 30, 2023

Roper Technologies, Inc. reported third-quarter 2023 net revenues of $1,563.4 million, up 15.8% from $1,350.3 million a year earlier, with organic revenue growth of 6.0% for the quarter. Income from operations rose to $446.1 million from $393.2 million, and net earnings were $347.2 million versus $327.0 million. For the nine months, net revenues were $4,564.3 million and net earnings were $995.2 million, compared with $2,616.3 million in the prior-year period, which included a $1,707.7 million gain on disposition of discontinued operations (primarily TransCore). Diluted net earnings per share from continuing operations were $3.21 for the quarter and $9.23 for the nine months. Growth was driven largely by acquisitions, most notably Syntellis ($1,381 million purchase price, August 7, 2023) and Replicon ($447.5 million, August 21, 2023), plus Promium. Acquisitions and divestitures contributed 9.4 percentage points of the quarterly revenue growth. Application Software revenue rose 24.8% in the quarter, Network Software 5.0%, and Technology Enabled Products 10.1%. Backlog increased 20% to $2,913.7 million. Cash provided by operating activities from continuing operations rose to $1,415.7 million for the nine months from $550.2 million, while acquisitions used $1,970.1 million of cash. Total debt, net of deferred financing costs, increased to $6,878.3 million from $6,661.7 million, and cash fell to $299.5 million from $792.8 million at December 31, 2022. The filing also reports fair value gains on the company's 47.7% minority stake in Indicor, which contributed $33.9 million to quarterly earnings through equity investment activity, net. Roper repaid $700.0 million of 3.650% senior notes at maturity in September 2023 using its unsecured credit facility, which had $910.0 million outstanding at quarter end. Management stated its disclosure controls were effective, and no director or officer adopted or terminated a Rule 10b5-1 trading arrangement during the quarter.

Nov 2, 2023 8-K

Roper Technologies 8-K Report, Financial Results (Oct 25, 2023)

Roper Technologies, Inc. filed this Form 8-K on October 25, 2023 to furnish its third-quarter 2023 earnings press release (Exhibit 99.1) under Item 2.02. Revenue rose 16% to $1.56 billion, with organic revenue up 6%. GAAP diluted EPS (DEPS) increased 24% to $3.21, and adjusted DEPS increased 18% to $4.32. GAAP net earnings were $346 million, adjusted EBITDA increased 18% to $652 million, and GAAP operating cash flow was $631 million. Adjusted free cash flow was $625 million, bringing trailing-twelve-month adjusted free cash flow to $1.8 billion, per management. The company raised its full-year 2023 adjusted DEPS guidance to $16.62 to $16.66, up from $16.36 to $16.50. Fourth-quarter adjusted DEPS guidance is $4.28 to $4.32. Management stated the guidance excludes the impact of unannounced future acquisitions or divestitures. During the quarter, the company deployed $2.0 billion toward vertical software acquisitions, including Syntellis Performance Solutions, which was combined with Strata Decision Technology. Roper also acquired a minority interest in Certinia for $125 million, accounted for under the equity method. The company has completed the divestitures of TransCore, Zetec, and its majority stake in industrial businesses (Indicor), which are reported as discontinued operations. Roper now holds a minority interest in Indicor, and the fair value of that stake is marked each quarter through "equity investment activity, net," which is excluded from non-GAAP results. As of September 30, 2023, cash and cash equivalents were $299.5 million, total debt (current and long-term) was $6.88 billion, and total assets were $28.19 billion.

Oct 25, 2023 10-Q

Roper Technologies Quarterly Report for Q2 Ended Jun 30, 2023

Roper Technologies, Inc. reported net revenues of $1,531.2 million for the three months ended June 30, 2023, up from $1,310.8 million a year earlier, and $3,000.9 million for the six months ended June 30, 2023, compared with $2,590.6 million in the prior-year period. Income from operations for the quarter was $435.3 million versus $362.9 million, and net earnings were $364.9 million versus $268.8 million. Net earnings for the six months were $648.0 million, compared with $2,289.3 million in 2022, a comparison that was inflated by gains on the 2022 divestitures reported in discontinued operations. Net earnings from continuing operations for the six months were $645.3 million, versus $461.4 million a year earlier. Management attributes the revenue growth to acquisitions and organic growth across all three segments, with Application Software leading. Cash and cash equivalents rose to $1,462.8 million at June 30, 2023, from $792.8 million at December 31, 2022. Cash provided by operating activities from continuing operations was $785.0 million for the six months, compared with $331.0 million a year earlier, which the company attributes mainly to cash taxes paid in 2022 in connection with the 2021 divestitures. Total debt, net of deferred finance costs, was $6,666.1 million, and net debt was $5,203.3 million. Backlog was $2,746.8 million at June 30, 2023, up from $2,467.7 million a year earlier. The filing also reports the fair value of Roper's 48.1% minority equity interest in Indicor, which was $591.3 million at quarter end after a $56.3 million fair value increase, and the May 2023 acquisition of Promium, LLC for $16.5 million. The company agreed on May 14, 2023 to acquire Replicon Inc.'s assets for approximately $450 million, with closing expected in the third quarter of 2023.

Aug 3, 2023 8-K

Roper Technologies 8-K Report, Financial Results (Jul 21, 2023)

Roper Technologies, Inc. furnished a press release (Exhibit 99.1) under Item 2.02 reporting results for the quarter ended June 30, 2023. Second-quarter net revenues rose to $1.53 billion, up 17%, with organic revenue growth of 9% and acquisitions/divestitures contributing 8%. GAAP net earnings from continuing operations were $361 million, and GAAP diluted EPS (DEPS) increased 59% to $3.36. Adjusted DEPS grew 20% to $4.12, and adjusted EBITDA increased 20% to $617 million. Free cash flow was $295 million, up 17%. The company's non-GAAP adjustments include a $66 million pretax financial impact from its minority investment in Indicor, following the sale of a majority stake in its industrial businesses to CD&R. Management raised full-year 2023 adjusted DEPS guidance to $16.36 to $16.50, from a previous range of $16.10 to $16.30. Third-quarter 2023 adjusted DEPS is guided to $4.16 to $4.20. The guidance excludes the impact of unannounced future acquisitions or divestitures. CEO Neil Hunn said the company has substantial M&A capacity and continues to evaluate acquisition opportunities. At June 30, 2023, cash and cash equivalents were $1,462.8 million, compared with $792.8 million at December 31, 2022. Total assets were $27,460.4 million and total stockholders' equity was $16,745.9 million. Divestitures of TransCore, Zetec, and the majority stake in the industrial businesses (Indicor) are reported as discontinued operations.

Jul 21, 2023 8-K

Roper Technologies 8-K Report, Listing Notice (Jun 22, 2023)

On June 22, 2023, Roper Technologies, Inc. (ROP) announced that its Board of Directors authorized a voluntary withdrawal of the principal listing of its common stock from the New York Stock Exchange (NYSE) and a transfer of that listing to The Nasdaq Global Select Market. Roper expects its NYSE listing and trading to end at market close on July 5, 2023, with trading on Nasdaq beginning at market open on July 6, 2023. The common stock will continue to trade under the symbol "ROP." According to the accompanying press release (Exhibit 99.1), upon transferring, Roper will become part of the Nasdaq Composite Index and will meet the eligibility requirements of the Nasdaq-100 Index. CEO Neil Hunn said Roper's businesses provide mission critical software and tech-enabled solutions, making the company a natural fit to trade alongside other innovative growth companies. The filing describes Roper as a constituent of the S&P 500 and Fortune 1000, and as a company that deploys excess free cash flow into high-quality acquisitions. The filing is a notice of a listing transfer and does not contain financial results or operating metrics. Its main significance for investors is the change of exchange and index eligibility, while the ticker and trading continuity are unchanged. The press release is furnished under Item 7.01 and is not deemed "filed" for purposes of Section 18 of the Exchange Act.

Jun 22, 2023 8-K

Roper Technologies 8-K Report, Bylaw Amendment (Jun 14, 2023)

Roper Technologies, Inc. filed this Current Report to disclose results from its 2023 Annual Meeting of Shareholders, held June 13, 2023 in Sarasota, Florida, and to report a charter change. Shareholders approved an amendment and restatement of the Company's Restated Certificate of Incorporation, which the Board had previously approved subject to shareholder approval. On June 13, 2023, the Company filed the Amended and Restated Certificate of Incorporation with the Delaware Secretary of State. The filing states that the form was included as Appendix B to the April 28, 2023 proxy statement and is attached as Exhibit 3.1. All nine director nominees were elected to one-year terms expiring at the 2024 Annual Meeting. Shareholders also approved the non-binding say-on-pay advisory vote, the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2023, and the charter amendment permitting exculpation of officers. For the say-on-pay frequency vote, the one-year option received a plurality of votes cast. In response, the Board determined that future say-on-pay votes will be held annually until the next frequency vote, which the filing states will occur no later than the 2029 Annual Meeting. For investors, the principal actions were the charter restatement, which adds officer exculpation, and the Board's decision to hold say-on-pay votes annually. The filing contains no financial results or operating information.

Jun 14, 2023 10-Q

Roper Technologies Quarterly Report for Q1 Ended Mar 31, 2023

Roper Technologies, Inc. reported net revenues of $1,469.7 million for the three months ended March 31, 2023, up from $1,279.8 million a year earlier, and income from operations of $401.0 million versus $355.9 million. Net earnings from continuing operations were $284.3 million, compared with $236.4 million, and diluted EPS from continuing operations was $2.66 versus $2.22. Total net earnings were $283.1 million, compared with $2,020.5 million in the prior-year quarter, which included a $1,717.3 million gain on the disposition of discontinued operations (TransCore and Zetec). Organic revenue growth was 7.9% for Roper overall, with Application Software at 5.9%, Network Software at 6.0%, and Technology Enabled Products at 13.7%. Acquisitions contributed 8.0 percentage points of total revenue growth. Cash provided by operating activities from continuing operations rose to $464.9 million from $441.3 million, although working capital was affected by Frontline SaaS renewal timing and a $45.0 million settlement of the Berall v. Verathon patent litigation. Cash and cash equivalents increased to $1,181.6 million at March 31, 2023, from $792.8 million at December 31, 2022. Total debt, net of deferred finance costs, was $6,663.9 million, and net debt to total net capital improved to 25.1% from 26.8%. Backlog increased 17% to $2,872.5 million. The company also holds a 48.6% minority equity interest in Indicor, carried at fair value, which was unchanged in the quarter. Subsequent to quarter end, Indicor announced the planned divestiture of its Compressor Controls business to Honeywell for approximately $670 million, which management will consider in its second-quarter fair value assessment.

May 3, 2023 8-K

Roper Technologies 8-K Report, Financial Results (Apr 27, 2023)

Roper Technologies, Inc. furnished a press release (Exhibit 99.1) with its results for the quarter ended March 31, 2023. Net revenues rose 15% to $1.47 billion, with organic revenue up 8%. GAAP diluted earnings per share from continuing operations increased 20% to $2.66, adjusted diluted EPS rose 19% to $3.90, GAAP net earnings from continuing operations were $284 million, and adjusted EBITDA increased 15% to $582 million. Operating cash flow from continuing operations increased 5% to $465 million, or 16% excluding the payment of a $45 million legal settlement related to the Berall v. Verathon patent litigation. The company raised its full-year 2023 adjusted diluted EPS guidance to $16.10 - $16.30, up from the prior $15.90 - $16.20, and guided second-quarter 2023 adjusted diluted EPS to $3.96 - $4.00. Guidance excludes the impact of unannounced future acquisitions or divestitures. Management highlighted free cash flow margin above 30% and significant capacity for acquisitions. Following divestitures of TransCore, Zetec, CIVCO Radiotherapy, and a majority stake in its industrial businesses (Indicor), Roper now holds a minority interest in Indicor, whose fair value is updated quarterly and reported as equity investment activity, net. Cash and cash equivalents were $1.18 billion at March 31, 2023, and total assets were $27.13 billion.

Apr 27, 2023 10-K

Roper Technologies Annual Report, Year Ended Dec 31, 2022

Roper Technologies, Inc. reported net revenues of $5.37 billion for 2022, up from $4.83 billion in 2021, with organic revenue growth of 9.4% for the company as a whole. Income from operations rose to $1.52 billion from $1.24 billion, and net earnings from continuing operations were $985.6 million. Total net earnings were $4.54 billion, driven largely by a $3.36 billion gain on disposition of discontinued operations, mainly from the Indicor Transaction, in which the company sold a 51% stake in its industrial businesses to Clayton, Dubilier & Rice, LLC and retained a 49% minority interest valued at $535.0 million. The company reorganized into three reportable segments: Application Software ($2.64 billion, 49.1% of revenues), Network Software ($1.38 billion, 25.7%), and Technology Enabled Products ($1.35 billion, 25.2%). Recurring software revenue was $2.94 billion of total revenue. Backlog rose 25.3% to $2.91 billion. The company acquired Frontline Education for $3.74 billion in October 2022 and completed six additional bolt-on acquisitions. On the balance sheet, total debt fell to $6.66 billion from $7.92 billion as the company repaid $800.0 million of senior notes and $470.0 million on its revolver. Cash and cash equivalents rose to $792.8 million, and goodwill totaled $15.95 billion, representing 59% of total assets of $26.98 billion. Operating cash flow from continuing operations was $606.6 million, down from $1.66 billion in 2021, reflecting $953.8 million of cash taxes paid on the 2021 divestitures and the Indicor Transaction.

Feb 27, 2023 8-K

Roper Technologies 8-K Report, Financial Results (Jan 27, 2023)

Roper Technologies, Inc. furnished a press release (Exhibit 99.1) reporting results for the fourth quarter and fiscal year ended December 31, 2022. Fourth-quarter revenue increased 14% to $1.43 billion, with organic revenue up 7%. GAAP diluted EPS from continuing operations rose 48% to $2.32, and adjusted DEPS rose 17% to $3.92. Full-year revenue increased 11% to $5.37 billion, with organic revenue up 9%. Full-year GAAP DEPS increased 22% to $9.23 and adjusted DEPS increased 15% to $14.28. GAAP net earnings were $986 million for the year on a continuing-operations basis, and total net earnings were $4.54 billion including discontinued operations and a $3.36 billion gain on disposition of discontinued operations. The company stated it has completed the divestitures of TransCore, Zetec, CIVCO Radiotherapy, and its majority stake in its industrial businesses. It acquired businesses for $4.3 billion during 2022, highlighted by Frontline Education, and now holds a minority interest in Indicor following the sale of a majority interest in its industrial businesses to CD&R. Fourth-quarter operating cash flow was $56 million, including $419 million of tax payments tied to divestitures; adjusted operating cash flow was $476 million. Full-year operating cash flow was $607 million, including $954 million of divestiture-related tax payments, and adjusted operating cash flow was $1.56 billion. For 2023, Roper guided full-year adjusted DEPS to $15.90 to $16.20 and first-quarter adjusted DEPS to $3.80 to $3.84, with full-year organic revenue growth of 5% to 6%. Guidance excludes unannounced future acquisitions or divestitures and does not include the potential impact of the Indicor minority investment, whose fair value will be reported in other income (expense) and excluded from non-GAAP results beginning in the first quarter of 2023. The fourth quarter also included a $45 million pre-tax legal settlement charge related to the Berall v. Verathon patent litigation.

Jan 27, 2023 8-K

Roper Technologies 8-K/A Report, Executive Changes (Jan 13, 2023)

Roper Technologies, Inc. filed this Current Report on Form 8-K/A to amend its Original Form 8-K filed November 15, 2022, which disclosed transition plans for the Chief Financial Officer position. Robert C. Crisci, CFO since 2017, will transition from the role on February 1, 2023, and Jason P. Conley, the Company's Vice President and Chief Accounting Officer, will become the new CFO on that date. The amendment discloses that on January 10, 2023, the Compensation Committee approved an increase in Mr. Conley's annual base salary to $675,000, reflecting his new position and expanded responsibilities as CFO. His annual cash incentive opportunity is 125% of base salary. The filing also reports that on January 12, 2023, the Board appointed Brandon L. Cross as Vice President and Corporate Controller (principal accounting officer), effective February 1, 2023. Mr. Cross, age 37, will receive an annual base salary of $300,000 and a cash incentive opportunity of 70% of base salary, and remains eligible for the Company's equity compensation program.

Jan 13, 2023 8-K

Roper Technologies 8-K/A Report, Executive Changes (Dec 15, 2022)

Roper Technologies, Inc. (ROP) filed this amended Current Report on Form 8-K to supplement its November 15, 2022 Form 8-K, which announced a CFO transition. Robert C. Crisci, who has served as Chief Financial Officer since 2017, will transition out of the role, and Jason P. Conley, the company's current Vice President and Chief Accounting Officer, will become CFO on February 1, 2023. This amendment discloses that on December 13, 2022, the company and Mr. Crisci entered into a Separation Agreement and Full and Final Release. Under that agreement, Mr. Crisci will resign as CFO effective January 31, 2023, and has agreed to a customary release of claims. He will continue to receive his base salary and employee benefits through that date and is eligible for a 2022 incentive cash bonus dependent on company performance. The company will also continue paying the lease on his vehicle until the earlier of lease expiration or the end of the Service Provider Agreement. On the same date, the company and Mr. Crisci also entered into a Service Provider Agreement under which he will be available to provide services for no more than seven hours per week through January 31, 2025. He will receive a bi-monthly salary of $16,292.67 for 24 months beginning February 1, 2023, representing aggregate salary payments of $782,000.16, and will retain previously granted equity awards that can vest before January 31, 2025, under their existing award agreements.

Dec 15, 2022 8-K

Roper Technologies 8-K Report, Acquisition Completed (Nov 22, 2022)

Roper Technologies, Inc. reported in this Form 8-K that on November 22, 2022 it completed the previously announced sale of a majority equity interest in its industrial businesses, including its entire historical Process Technologies reportable segment and the industrial businesses within its historical Measurement & Analytical Solutions reportable segment. The buyer is CD&R Tree Delaware Holdings, L.P., an investment vehicle owned by affiliates of Clayton, Dubilier & Rice, LLC. The Sellers will retain 49% of the equity of RIPIC TopCo following the closing. Buyer paid a purchase price of $828.75 million to the Sellers for approximately 51% of the total outstanding equity of RIPIC TopCo. Immediately prior to closing, a wholly owned operating subsidiary of RIPIC Holdings incurred $2,012 million of new funded indebtedness from third parties and affiliates of the Buyer, and $1,775 million in cash was used by RIPIC TopCo for a pre-closing distribution and certain restructuring-related payments. The Sellers are also entitled to an earnout payment of up to $51 million if the Business exceeds a threshold level of EBITDA for the year ended December 31, 2022. The Business comprises Alpha, AMOT, CCC, Cornell, Dynisco, FTI, Hansen, Hardy, Logitech, Metrix, PAC, Roper Pump, Struers, Technolog, Uson, and Viatran. The full Equity Purchase Agreement, dated as of May 29, 2022, was previously filed as Exhibit 2.1 to the Company's Form 10-Q filed August 3, 2022, with certain annexes and schedules omitted under Item 601(b)(2) of Regulation S-K.

Nov 22, 2022 8-K

Roper Technologies 8-K Report, Executive Changes (Nov 15, 2022)

Roper Technologies, Inc. (NYSE: ROP) announced on November 15, 2022 a planned transition of its Chief Financial Officer role. Robert C. Crisci, who has served as CFO since 2017, will step down from the CFO role effective February 1, 2023, and is expected to remain with the Company as a strategic advisor for a period after the transition. Jason P. Conley, currently Vice President and Chief Accounting Officer, will succeed him as Executive Vice President and CFO on that date. Conley has held senior finance roles at the Company and its affiliates since 2006, including serving as Chief Accounting Officer since 2017. The filing states that Conley will receive a salary and continue to participate in the Company's cash incentive, equity incentive and other benefit plans, with amounts commensurate with his new position to be approved by the Board of Directors. The filing does not disclose specific compensation figures. In the accompanying press release (Exhibit 99.1), CEO Neil Hunn credited Crisci with developing the finance organization and deploying $20 billion of capital during his tenure, and stated that Roper's revenue more than doubled and market capitalization increased four-fold during Crisci's time as CFO. Crisci said the timing reflects the completion of the Company's portfolio transformation.

Nov 15, 2022 10-Q

Roper Technologies Quarterly Report for Q3 Ended Sep 30, 2022

Roper Technologies, Inc. reported third-quarter 2022 net revenues of $1,350.3 million, up 9.6% from $1,232.1 million a year earlier, with organic revenue growth of 9.8%. Income from operations rose to $393.2 million from $346.9 million, and net earnings from continuing operations were $276.9 million versus $210.8 million. Nine-month net earnings reached $2,616.3 million, driven largely by a $1,707.7 million after-tax gain on the disposition of discontinued operations, primarily the TransCore sale. Backlog increased 23% to $2,420.9 million. The company is in the middle of a portfolio reshaping. The TransCore, Zetec and CIVCO Radiotherapy divestitures are complete, and the sale of a 51% stake in its Industrial Businesses to affiliates of Clayton, Dubilier & Rice, LLC is expected to close in the fourth quarter of 2022. Roper will retain a 49% minority equity interest in RIPIC TopCo, and the filing states that the transaction will greatly reduce the cyclicality and asset intensity of the company. Results for the Industrial Businesses are presented as discontinued operations. Roper also completed several acquisitions during 2022, including viDesktop for $286.5 million and MGA Systems for $180.1 million, and it completed the Frontline Education acquisition for $3,738 million on October 4, 2022. Balance sheet deleveraging continued. Cash and cash equivalents rose to $1,894.5 million, total debt fell to $6,659.5 million from $7,921.8 million at December 31, 2021, and the net debt to total net capital ratio improved to 25.6% from 39.6%. Operating cash flow from continuing operations fell 52% to $550.2 million for the nine months, mainly due to timing of cash taxes related to the divestitures. The company also disclosed a new $3,500.0 million five-year unsecured revolving credit facility.

Nov 2, 2022