SARASOTA, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) announced that its financial results for the fourth quarter of 2024, ended December 31, 2024, will be released before the market opens on Thursday, January 30, 2025. A conference call to discuss these results has been scheduled for 8:00 AM ET on Thursday, January 30, 2025. The call can be accessed via webcast or by dialing +1 800-836-8184 (US/Canada) or +1 646-357-8785, using conference call ID 30275. Webcast informatio ...

ATLANTA, Jan. 02, 2025 (GLOBE NEWSWIRE) -- ATLANTA, January 2, 2025 – PowerPlan, Inc., a leading provider of financial software and solutions for the energy industry, announced that it has settled the outstanding litigation between PowerPlan and Lucasys, Inc. that was pending in the United States District Court for the Northern District of Georgia. Though PowerPlan vigorously contests the baseless claims brought by Lucasys in 2020, it is pleased to eliminate the distraction and uncertainty of litigation. T ...

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Roper Technologies, Inc. (ROP) is well-poised for growth, courtesy of strength across its businesses and accretive acquisitions.Based in Sarasota, FL, Roper designs, manufactures and distributes software and technology-enabled products and solutions. It caters to selected segments of a broad range of markets, which include legal, healthcare, government, food, transportation, oil & gas, medical and other niche industries.ROP currently carries a Zacks Rank #2 (Buy). Shares of the company have gained 1.7%.Imag ...

Company Presentation - Roper Technologies will present at the Wells Fargo TMT Summit on December 3, 2024, at 8:45 AM Pacific Time in Rancho Palos Verdes, CA [1] - The webcast link for the presentation will be available in the "Investors" section of the company's website [1] Company Overview - Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000 [2] - The company has a long-term track record of compounding cash flow and shareholder value [2] - Roper operates market-leading businesses that design and develop vertical software and technology-enabled products for defensible niche markets [2] - The company uses a disciplined, analytical, and process-driven approach to redeploy excess capital toward high-quality acquisitions [2] Contact Information - Investor Relations can be reached at 941-556-2601 or via email at investor-relations@ropertechcom [3]

SARASOTA, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) announced today that its Board of Directors has declared a quarterly cash dividend of $0.825 per share, payable on January 17, 2025 to stockholders of record as of January 3, 2025. This represents an increase of 10% over the dividend paid in each quarter of 2024, or an expected $0.30 increase on an annual basis ($0.075 on a quarterly basis). This is the thirty-second consecutive year in which Roper has increased its div ...

Financial Performance - Net revenues for Q3 2024 were $1,764.6 million, a 12.9% increase from $1,563.4 million in Q3 2023[87]. - Organic revenue growth for the total company was 4.1%, with Application Software segment achieving 5.5% organic growth[87]. - Net revenues for the nine months ended September 30, 2024, were $5,162.1 million, a 13.1% increase from $4,564.3 million in the same period of 2023[96]. - In the Application Software segment, net revenues grew to $2,811.4 million, with organic revenue growth of 5.3% driven by various markets[96]. Margins and Expenses - Gross margin for the total company decreased to 69.2% in Q3 2024 from 70.1% in Q3 2023[85]. - Selling, general and administrative expenses as a percentage of net revenues decreased to 37.1% in Q3 2024 from 37.6% in Q3 2023[85]. - Operating margin for the total company was 32.1% in Q3 2024, slightly down from 32.5% in Q3 2023[85]. - The gross margin for the nine months ended September 30, 2024, increased slightly to 69.0% from 68.9% in the prior year, attributed to operating leverage on higher organic revenues[96]. - The operating margin for the nine months ended September 30, 2024, was 26.7%, an increase from 25.8% in the same period of 2023[96]. Debt and Interest - Interest expense increased to $67.7 million in Q3 2024 from $42.4 million in Q3 2023 due to higher debt balances[90]. - Total debt, net of deferred financing costs, was $8,376.6 million as of September 30, 2024, up from $6,330.1 million at the end of 2023[110]. - The rate of debt reduction and associated interest expense will be influenced by financing and operating requirements of new acquisitions, performance of existing companies, and geopolitical and economic uncertainties[114]. Cash Flow and Corporate Strategy - Cash provided by operating activities increased by 18% to $1,671.0 million for the nine months ended September 30, 2024, compared to $1,415.7 million in 2023[103]. - The company expects existing cash balances and cash generated from operations will be sufficient to fund operating requirements for the foreseeable future[108]. - The company anticipates generating positive cash flows from operating activities, which will allow for the reduction of outstanding debt according to the repayment schedule[114]. - The company maintains an active acquisition program, with future acquisitions dependent on various factors including market conditions[113]. Other Key Developments - Backlog increased by 3.9% to $3,026.1 million as of September 30, 2024, compared to $2,913.7 million a year earlier, driven by organic growth and acquisitions in the Application Software segment[94]. - Net earnings from continuing operations were 20.8% of revenues in Q3 2024, down from 22.1% in Q3 2023[85]. - Corporate expenses rose to $70.3 million, maintaining 4.0% of net revenues in Q3 2024[90]. - Equity investments gain, net, was $37.4 million in Q3 2024, up from $33.9 million in Q3 2023, primarily due to a $37.6 million increase in the fair value of the investment in Indicor[91]. - The company completed the divestiture of a majority equity stake in its industrial businesses in 2022, with results reported as discontinued operations[80]. - There were no material changes in market risk disclosures during the nine months ended September 30, 2024[116].

ATLANTA, Oct. 30, 2024 (GLOBE NEWSWIRE) -- IntelliTrans, a global leader in multimodal transportation management solutions, has named Mayank Sharma as its new Chief Product Officer. In this role, Sharma will drive product strategy and direction, guiding the development and improvement of IntelliTrans' product lineup to deliver smarter, simpler solutions for customers. With over 20 years of experience in product innovation and leading global teams, he brings forward-looking insights into the company's growth ...

Roper Technologies’ (ROP) third-quarter 2024 adjusted earnings of $4.62 per share surpassed the Zacks Consensus Estimate of $4.53. Earnings increased 7% on a year-over-year basis.Roper’s net revenues of $1.77 million beat the consensus estimate of $1.72 billion. The top line increased 13% year over year. Organic revenues grew 4%, driven by solid momentum in the Application Software segment. Acquisitions boosted sales by 9%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Segmental Pe ...

Financial Performance and Key Metrics - Total revenue grew by 13%, organic revenue by 4%, and EBITDA by 10% in Q3 2024 [5] - Free cash flow increased by 15% in the quarter and by 20% on a TTM basis [5] - Adjusted DEPS for Q3 was $4.62, above the guidance range of $4.50 to $4.54 [10] - EBITDA margin came in at 40.7% for the quarter [9] - Net debt stood at $8.1 billion, with leverage at 3x trailing EBITDA [12] Business Segment Performance Application Software - Revenue grew by 23% in total and 5.5% organically, with EBITDA margins at 43.6% [16] - Enterprise software bookings grew in the double-digits, up from high single-digits in Q2 [6][16] - Aderant, Deltek, and PowerPlan showed strong performance, with Deltek benefiting from improved enterprise-class government contracting activity [17][18] Network Software - Organic revenue grew by 1%, impacted by freight matching businesses and Foundry [20] - DAT and Loadlink faced challenges due to freight market conditions but showed signs of stabilization [21] - Foundry declined due to the impact of industry strikes, with recovery expected in 2025 [22] TEP Segment - Revenue grew by 4% organically, with EBITDA margins at 35.4% [24] - Neptune resolved mechanical meter production issues and saw strong demand for both mechanical and static meters [24] - Verathon performed exceptionally well, particularly in the US single-use bronchoscope market [25] Market and Strategic Developments - The acquisition of Transact Campus for $1.5 billion net of tax benefits is expected to deliver $325 million in revenue and $105 million in EBITDA next year [12][14] - Transact Campus is being integrated with CBORD, with a long-term organic growth rate expected in the high single-digits [15] - The company raised its full-year 2024 guidance, with total revenue growth expected to be north of 13% and organic growth at approximately 6% [7][27] Management Commentary on Market Conditions - Management noted stabilization in freight markets and expects improvement in Q4 [7][21] - Enterprise software bookings momentum is strong, with double-digit growth in Q3 [6][16] - The company remains bullish on M&A opportunities, with a robust pipeline of attractive acquisitions [28] Q&A Session Highlights Transact Campus Strategy - The acquisition of Transact Campus is part of a strategic shift towards bolt-on acquisitions and faster-growing businesses [32] - The integration with CBORD is expected to create significant value, with low execution risk on cost synergies [31][32] Free Cash Flow and Seasonality - Q3 is now the strongest cash flow quarter, driven by Frontline and Transact Campus [34] - Free cash flow growth was driven by strong execution across software and tech product businesses [10] Macro Headwinds and Recovery - Management sees stabilization in freight markets and expects DAT to return to modest growth in 2025 [39] - Foundry's recovery is delayed due to the impact of industry strikes, with improvement expected in 2025 [22][39] Neptune and Production Issues - Neptune resolved mechanical meter production issues and is back on track operationally [24][36] - Demand for Neptune's products remains strong, with no significant changes in order patterns [60] Enterprise Software Bookings - Enterprise software bookings grew in the double-digits, with strong momentum expected to continue into Q4 [44][45] - Deltek and Aderant showed strong performance, with new customer wins and product expansions [17][45] Leadership Changes - Procare and Frontline saw leadership changes aimed at improving go-to-market capabilities and driving growth [47][48] Generative AI and Competitive Advantage - Generative AI is seen as a barrier to entry for competitors, with Roper's verticalized software businesses well-positioned to leverage AI [51] - The company is focused on developing AI-powered features to enhance customer value and accelerate product innovation [17][51] M&A Strategy and Pipeline - The company has over $4 billion in M&A capacity and remains active in the M&A market, with a focus on high-quality acquisitions [28][65] - The M&A pipeline is robust, with a favorable environment for deal-making [65][67]