Financial Data and Key Metrics Changes - The company reported a total revenue growth of 15% for the year, with organic revenue growth of 8% [122] - EBITDA grew by 16% year-over-year, reaching $2.5 billion, resulting in an EBITDA margin of 40.6% [13][132] - Free cash flow increased by 32%, with free cash flow margins at 32% [122][132] Business Line Data and Key Metrics Changes - The Application Software segment delivered revenue growth of 15% year-over-year, contributing $852 million, with organic growth accounting for 7 points [28] - The Network segment's organic revenue grew by 5% to $1.44 billion, with strong margins at 55.2% [16] - The TEP segment experienced a 17% growth in revenue to $399 million, driven by strong performance from Neptune [12][28] Market Data and Key Metrics Changes - The Procare acquisition is expected to contribute approximately $260 million in revenue and $95 million in EBITDA for the 12 months ending Q1 2025 [123] - The market for early childhood education software is growing annually in the low double digits, driven by increasing demand from dual-income families [131] Company Strategy and Development Direction - The company aims to improve long-term sustainable organic growth rates and capture more value from capital deployment [25] - The strategy includes active participation in the M&A market, with a strong balance sheet and a large pipeline of attractive opportunities [5][35] - The company is focused on enhancing the quality of its portfolio through recent acquisitions, which improve recurring revenue mix and organic growth profile [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2024 with solid momentum and a strong financial position, despite expectations of subdued large customer activity in the Application Software segment [34][35] - The company anticipates a challenging freight market to persist, impacting organic growth in the Network segment [34][56] - Management expects adjusted DEPS for Q1 2024 to be in the range of $4.30 to $4.34, reflecting the anticipated impact of the Procare acquisition [34] Other Important Information - The company successfully deployed $2.1 billion in high-quality vertical software acquisitions during the year, despite a challenging acquisition environment [19] - The Procare acquisition is expected to be accretive to free cash flow in 2024 and adjusted DEPS in 2025 [9] Q&A Session Summary Question: Financial impact of Procare acquisition - Management clarified that the Procare acquisition will have a $0.10 to $0.15 dilution impact on adjusted DEPS for the year, with approximately $0.02 expected in Q1 due to the timing of the deal close [43] Question: Organic growth outlook for Application Software - Management indicated that organic growth in Application Software is expected to be in the mid-single digits, influenced by lower activity from large customers [48][56] Question: Expectations for Network Software segment - Management noted that the growth rates for the Network segment are primarily driven by DAT and freight matching businesses, with expectations for a steady growth rate [53] Question: Long-term growth aspirations - Management reiterated long-term aspirations for organic growth in the 8% to 9% range, acknowledging current challenges in the freight market and large customer activity [55][56] Question: M&A environment and leverage - Management expressed a willingness to operate within a leverage range of 3 to 3.5 times, emphasizing a disciplined approach to capital deployment [66] Question: Customer behavior and cloud migration - Management confirmed that customers migrating to cloud solutions tend to increase their spending on additional modules, leading to significant revenue growth [94][106]

For the quarter ended December 2023, Roper Technologies (ROP) reported revenue of $1.61 billion, up 12.8% over the same period last year. EPS came in at $4.37, compared to $3.92 in the year-ago quarter.The reported revenue represents a surprise of +2.43% over the Zacks Consensus Estimate of $1.58 billion. With the consensus EPS estimate being $4.33, the EPS surprise was +0.92%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Roper Technologies (ROP) came out with quarterly earnings of $4.37 per share, beating the Zacks Consensus Estimate of $4.33 per share. This compares to earnings of $3.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.92%. A quarter ago, it was expected that this industrial equipment maker would post earnings of $4.21 per share when it actually produced earnings of $4.32, delivering a surprise of 2.61%.Over the last four qua ...

Investors are always looking for stocks that are poised to beat at earnings season and Roper Technologies, Inc. (ROP) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Roper is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ...

ATLANTA--(BUSINESS WIRE)--Aderant, a leading global provider of legal business management solutions, has announced the launch of its new Matter Reconciliation module for BillBlast, legal’s fastest growing billing application. BillBlast Matter Reconciliation effectively automates both the process of obtaining matter-related data and reconciling law firm matter records with data provided by the client vendor. The new module can be used as an add-on for BillBlast clients but can also function as a standalone s ...

In its upcoming report, Roper Technologies (ROP) is predicted by Wall Street analysts to post quarterly earnings of $4.33 per share, reflecting an increase of 10.5% compared to the same period last year. Revenues are forecasted to be $1.58 billion, representing a year-over-year increase of 10.1%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. ...

Sale reflects Procare's industry leading position in child care management, providing an essential software service in early childhood education NEW YORK, Jan. 25, 2024 /PRNewswire/ -- Warburg Pincus, a leading global growth investor, today announced the signing of a definitive agreement to sell Procare Solutions ("Procare"), a leading provider of integrated child care center management software and payments processing, to Roper Technologies, Inc. ("Roper") (Nasdaq: ROP), for a total enterprise value of $1 ...

SARASOTA, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (NASDAQ:ROP) today announced that it has reached a definitive agreement to acquire Procare Solutions for a net purchase price of approximately $1.75 billion, including a $110 million tax benefit resulting from the transaction. The net purchase price represents approximately 18 times Procare's estimated EBITDA for the twelve months ending March 31, 2025. Procare is a leading provider of cloud-based software for the management of early ...

The market expects Roper Technologies (ROP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 31, 2024, might help the stock move higher if these key nu ...

ATLANTA--(BUSINESS WIRE)--Aderant, a leading global business management software provider for law firms, today announced its successful completion of a SOC 2® Type II examination, resulting in earning the company the SOC 2® Type II Report with no exceptions noted for its vi by Aderant and Expert Sierra Saas platforms. Compliance with SOC 2® Type II requirements indicates that Aderant has effectively implemented information controls to ensure security, availability, and confidentiality that meet the entity’s ...