SARASOTA, Fla., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) announced that its financial results for the third quarter of 2024, ended September 30, 2024, will be released before the market opens on Wednesday, October 23, 2024. A conference call to discuss these results has been scheduled for 8:00 AM ET on Wednesday, October 23, 2024. 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 50829. Webcast informat ...

Group 1: Company Performance - Roper Technologies, Inc. (ROP) is experiencing strong performance in its Application Software segment, particularly in Deltek, Vertafore, Strata, and Aderant, driven by SaaS adoption and GenAI innovation, with organic revenues increasing by 5% year over year in Q2 2024 [1] - The Network Software segment also showed solid momentum, with organic revenues rising by 2% year over year in the same quarter [1] - The Technology Enabled Products segment's organic revenues grew by 5% in Q2 2024, supported by demand for ultrasonic meters and meter data management software [2] Group 2: Acquisitions and Growth Strategy - Roper is focused on acquisitions to access new customers, regions, and product lines, completing the acquisition of Procare Solutions in February 2024 to enhance its education sector software offerings [3] - The acquisition of Syntellis Performance Solutions in August 2023 strengthened Roper's Strata Decision Technology business [3] - In August 2024, Roper announced the acquisition of Transact Campus for $1.5 billion, which will enhance its CBORD business through expertise in campus technology and payment solutions [4] Group 3: Financials and Shareholder Returns - Roper paid out $160.6 million in dividends in the first half of 2024, reflecting a 10.9% year-over-year increase, and raised its quarterly dividend by 10% in November 2023 [5] - The company expects total revenues to increase by 12% in 2024 compared to the previous year, with organic revenues projected to rise by 6% [2] Group 4: Cost and Debt Concerns - Roper is facing rising costs, with cost of sales increasing by 11.8% and SG&A expenses rising by 12% year over year in the first half of 2024 [7] - The company reported long-term debt of $6.92 billion at the end of Q2, with a current portion of long-term debt totaling nearly $500 million, which exceeds its cash equivalents of $251.5 million [9]

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 ...

Roper Technologies, Inc. (ROP) recently inked a deal to acquire Transact Campus, Inc. (Transact). The transaction is valued at $1.5 billion (including a $100 million tax benefit). Roper will finance the acquisition with its existing cash and revolving credit facility. Roper's shares gained 0.4% on the last trading day to eventually close the trading session at $548.50. Based in Scottsdale, AZ, Transact is an app-based campus transaction processing solution provider. It enables students to do cashless transa ...

SCOTTSDALE, Ariz., Aug. 15, 2024 /PRNewswire/ -- Transact Campus Inc., "Transact," an award-winning leader in innovative campus technology and payment solutions, today announced its majority owner Reverence Capital Partners has signed a definitive agreement to sell Transact to Roper Technologies, Inc. (Nasdaq: ROP, "Roper") for $1.6 billion. The transaction is expected to close in this quarter. Transact will be combined with Roper's CBORD business, a provider of access & security and campus commerce solutio ...