ATLANTA, Sept. 16, 2024 (GLOBE NEWSWIRE) -- IntelliTrans, a leader in global multimodal solutions for optimizing transportation management for bulk and break-bulk industries, announces that Rhonda Shults and June Lee are named recipients of the 2024 Women in Supply Chain Award from Supply & Demand Chain Executive and Food Logistics magazines. Rhonda Shults is named in the Trailblazers category, which honors female leaders who continue to pave the way for future females in logistics. June Lee is named in the ...

SARASOTA, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) announced that it is presenting at the Goldman Sachs Communacopia + Technology Conference on Tuesday, September 10, 2024 at 8:10 AM (Pacific Time), at the Palace in San Francisco, CA. A link to the webcast presentation will be available in the "Investors" section of the Company's website at www.ropertech.com. About Roper Technologies Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Rope ...

ATLANTA, Aug. 27, 2024 (GLOBE NEWSWIRE) -- IntelliTrans, a leader in global multimodal solutions for optimizing transportation management for bulk and break-bulk industries, announces that the company is expanding its office footprint for its operations team in Conway, Arkansas. This strategic move aims to enhance its capacity to deliver top-tier logistics and supply chain management software and services to its growing shipper customer base. "We are thrilled to expand our facility in Conway, where the majo ...

Group 1: Company Performance - Roper Technologies, Inc. (ROP) is experiencing growth across its business segments, particularly in Application Software and Network Software, driven by strong performance in Deltek, Vertafore, Strata, Aderant, ConstructConnect, and iPipeline [1][2] - The Technology Enabled Products segment is benefiting from robust demand in Neptune and Verathon businesses, with total revenues expected to increase by 12% and organic revenues projected to rise by 6% in 2024 [2] - Acquisitions are a key strategy for ROP, with recent purchases including Procare Solutions and Syntellis Performance Solutions, aimed at expanding software offerings and strengthening existing businesses [3] Group 2: Financial Highlights - ROP's acquisition of Transact Campus for $1.5 billion is expected to enhance its CBORD business, contributing to an 8% sales boost in the second quarter [4] - The company has committed to rewarding shareholders, paying out $160.6 million in dividends in the first half of 2024, a 10.9% increase year over year, and increasing its dividend by 10% in November 2023 [5] Group 3: Cost and Debt Concerns - Rising costs have been a concern, with cost of sales increasing by 11.8% and SG&A expenses rising by 12% in the first half of 2024, following similar trends in 2023 [7] - ROP's long-term debt stands at $6.92 billion, with a current portion of nearly $500 million, which exceeds its cash equivalents of $251.5 million, raising concerns about financial obligations [8]

Roper Technologies, Inc. (ROP) , on Aug 19, priced an offering of $2 billion for its senior unsecured notes in aggregate. The offering comprises $500 million of 4.500% senior notes due to expire on Oct 15, 2029, and $500 million of 4.750% senior notes due to expire on Feb 15, 2032. It also includes $1 billion of 4.900% senior notes set to expire on Oct 15, 2034. Subject to customary closing conditions, this offering is anticipated to close on Aug 21, 2024. As communicated by the company, notes due to expire ...

SARASOTA, Fla., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) (the "Company") announced today the pricing of its public offering of $500 million of 4.500% Senior Notes due 2029 (the "2029 notes"), $500 million of 4.750% Senior Notes due 2032 (the "2032 notes"), and $1 billion of 4.900% Senior Notes due 2034 (the "2034 notes" and, collectively with the 2029 notes and 2032 notes, the "notes"). The offering is expected to close, subject to the satisfaction of customary closing condit ...

Acquisition Overview - Roper Technologies, Inc. has acquired Transact Campus, Inc. for a total transaction value of $1.5 billion, which includes a $100 million tax benefit [1] - The acquisition will be financed through Roper's existing cash and revolving credit facility [1] Company Profile - Transact, based in Scottsdale, AZ, provides app-based campus transaction processing solutions, enabling cashless transactions for students both on and off campus [2] - The company also offers services such as security management, college store management, automated attendance monitoring, electronic payments, and tuition payment plans [2] Strategic Rationale - The acquisition aligns with Roper's strategy to expand its market share and customer base through targeted acquisitions [3] - Integrating Transact's expertise in campus technology and payment solutions is expected to enhance customer retention and improve cash conversion [3] Integration Plans - Transact will be incorporated into Roper's CBORD business, which offers foodservice, nutrition, access and security, and campus commerce solutions [4] - The combined entity will operate under both the Transact and CBORD brand names [4] Financial Expectations - The acquisition is subject to regulatory approvals and is expected to close in the immediate future [5] - Transact is projected to generate revenues of approximately $325 million and EBITDA of $105 million in 2025 [5] - Roper anticipates that Transact will achieve sustained high single-digit organic revenue growth over the long term [5] Market Performance - Roper Technologies currently holds a Zacks Rank of 3 (Hold) and has seen a stock price increase of 12.8% over the past year, compared to the industry's 18.3% growth [6] - The company is experiencing rising expenses due to supply-chain issues, which are impacting profitability [6]

SARASOTA, Fla., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) today announced that it has entered into a definitive agreement to acquire Transact Campus, Inc. ("Transact") for a net purchase price of $1.5 billion, including a $100 million tax benefit resulting from the transaction. The net purchase price represents approximately 14 times expected 2025 EBITDA. Transact is an award-winning provider of innovative campus technology and payment solutions, offering a comprehensive suite ...

Financial Performance - Net revenues for Q2 2024 were $1,716.8 million, a 12.1% increase from $1,531.2 million in Q2 2023[63] - Net revenues for the six months ended June 30, 2024, were $3,397.5 million, an increase of 13.2% compared to $3,000.9 million for the same period in 2023[70] - The company reported an organic revenue growth of 4.1% for the total business in Q2 2024[63] - Backlog increased by 3.3% to $2,836.4 million as of June 30, 2024, compared to $2,746.8 million as of June 30, 2023, driven by acquisitions and organic growth in the Application Software segment[68] Segment Performance - Application Software segment revenue grew by 21.0%, while Network Software and Technology Enabled Products segments grew by 1.7% and 4.5%, respectively[63] - Gross margin for the Application Software segment increased to 69.3% for the six months ended June 30, 2024, compared to 68.6% for the same period in 2023[70] - The Technology Enabled Products segment saw a gross margin increase to 58.1% in Q2 2024 from 57.6% in Q2 2023[65] Margins and Expenses - Gross margin for the total business was 69.5% in Q2 2024, slightly down from 69.7% in Q2 2023[61] - Operating margin for the total business improved to 32.4% in Q2 2024 compared to 32.2% in Q2 2023[61] - Operating margin improved to 26.9% for the six months ended June 30, 2024, compared to 25.7% for the same period in 2023[70] - Selling, general and administrative expenses as a percentage of net revenues decreased to 37.1% in Q2 2024 from 37.5% in Q2 2023[61] - SG&A expenses as a percentage of net revenues decreased to 42.5% for the six months ended June 30, 2024, from 42.9% for the same period in 2023[70] Earnings and Interest - Net earnings from continuing operations were 19.6% of revenues in Q2 2024, down from 23.6% in Q2 2023[61] - Interest expense increased to $67.5 million in Q2 2024 from $34.8 million in Q2 2023 due to higher borrowings[66] - The interest expense, net, increased to $120.7 million for the six months ended June 30, 2024, compared to $72.2 million for the same period in 2023[73] Cash Flow and Debt - Cash provided by operating activities increased by 17% to $915.6 million for the six months ended June 30, 2024, compared to $785.0 million for the same period in 2023[75] - Total debt, net of deferred financing costs, was $7,423.9 million as of June 30, 2024, compared to $6,330.1 million as of December 31, 2023[79] Investments and Acquisitions - Equity investments (gain) loss, net, was a gain of $56.2 million for the six months ended June 30, 2024, compared to a gain of $64.8 million for the same period in 2023[74] - The company maintains an active acquisition program, with future acquisitions dependent on various factors including market conditions[82] Market Risk - No material changes in market risk disclosures during the six months ended June 30, 2024[85]

Core Viewpoint - Roper Technologies reported strong second-quarter 2024 results with adjusted earnings per share of $4.48, exceeding estimates and reflecting a 9% year-over-year increase [1] Financial Performance - Net revenues for Roper reached $1,716.8 million, a 12% increase year-over-year, although it fell short of the consensus estimate of $1,724 million [10] - Adjusted EBITDA grew 13% year-over-year to $695 million, with a margin increase of 20 basis points to 40.5% [6] - The cost of sales rose 12.8% year-over-year to $523.5 million, while gross profit increased 11.8% to approximately $1.19 billion, resulting in a slight decrease in gross margin to 69.5% from 69.7% [5] Segment Performance - Application Software segment revenues totaled $931.8 million, accounting for 54.3% of total revenues, with a year-over-year increase of 21% and organic revenue growth of 5% [2] - Network Software & Systems generated revenues of $364.2 million, representing 21.2% of total revenues, with a 2% year-over-year growth [3] - Technology Enabled Products segment revenues were $420.8 million, making up 24.5% of total revenues, with a 4% year-over-year increase [4] Shareholder Returns - Roper rewarded shareholders with a dividend payment of $160.6 million in the first half of 2024, reflecting a 10.9% increase year-over-year [7] Outlook - For the third quarter, Roper anticipates adjusted earnings per share to be in the range of $4.50-$4.54, an increase from previous projections [16] - For the full year 2024, Roper expects adjusted earnings per share from continuing operations to be between $18.10-$18.25, with total revenues projected to increase by 12% [20]