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Roper Technologies, Inc.’s (ROP) business unit, DAT Freight & Analytics, recently completed the acquisition of Trucker Tools LLC. The financial terms of the transaction have been kept under wraps.Based in Reston, VA, Trucker provides tools and services to help truckers and fleet manage their operations. Its mobile app for carriers offers drivers essential resources while on the road, including access to a free load board and various tracking options tailored to their needs.Acquisition Rationale of ROPThe bu ...

CHICAGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- DAT Freight & Analytics, a leader in freight, acquired Trucker Tools, a strategic move designed to combine Trucker Tools' innovative approach to load tracking and carrier sourcing with DAT's experience providing industry-leading freight solutions. Brokers will continue to get best-in-class load visibility and capacity tools for every load they manage, but with nearly 50 additional years of expertise and greater resources for an enhanced suite of broker tools. Carri ...

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 ...

ATLANTA, Oct. 29, 2024 (GLOBE NEWSWIRE) -- PowerPlan, a leading provider of financial software and solutions for the energy industry, is pleased to announce three senior executive promotions. Paresh Patel, Jim Dahlby, and Sarah Park are stepping into new leadership roles with the company. The appointments demonstrate PowerPlan's commitment to expanding its position as a market leader and are a reflection on the executives' achievements in driving innovation and customer success. Paresh Patel, previously Sen ...

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 ...