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Roper(ROP) - 2025 Q1 - Quarterly Results
ROPRoper(ROP)2025-04-28 10:58
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Revenue and Earnings - Total revenue for Q1 2025 increased by 12% to 1.88billion,withan81.88 billion, with an 8% contribution from acquisitions and 5% organic growth[7] - GAAP net earnings decreased by 13% to 331 million, while adjusted net earnings increased by 9% to 517million[7]−AdjustedDEPSforQ12025roseby8517 million[7] - Adjusted DEPS for Q1 2025 rose by 8% to 4.78, compared to 4.41inQ12024[14]−Thecompanyexpectsfullyear2025adjustedDEPStobebetween4.41 in Q1 2024[14] - The company expects full year 2025 adjusted DEPS to be between 19.80 and 20.05,upfrompreviousguidanceof20.05, up from previous guidance of 19.75 to 20.00[5]−Fullyeartotalrevenuegrowthoutlookhasbeenincreasedtoapproximately1220.00[5] - Full year total revenue growth outlook has been increased to approximately 12%, compared to the previous outlook of over 10%[5] - Net revenues for Q1 2025 increased to 1,882.8 million, up 12.0% from 1,680.7millioninQ12024[26]−NetearningsforQ12025were1,680.7 million in Q1 2024[26] - Net earnings for Q1 2025 were 331.1 million, a decrease of 13.3% compared to 382.0millioninQ12024[26]CashFlowandMargins−Trailing−twelve−monthsfreecashflowgrewby12382.0 million in Q1 2024[26] Cash Flow and Margins - Trailing-twelve-months free cash flow grew by 12% with a free cash flow margin of 31%[4] - Operating cash flow for Q1 2025 decreased by 1% to 529 million, while trailing-twelve-months adjusted operating cash flow increased by 12% to 2.39billion[15]−AdjustedEBITDAforQ12025increasedby92.39 billion[15] - Adjusted EBITDA for Q1 2025 increased by 9% to 740 million, with an adjusted EBITDA margin of 39.3%[12] - Gross profit margin decreased to 68.7% in Q1 2025 from 70.3% in Q1 2024, with gross profit amounting to 1,293.7million[27]−Cashprovidedbyoperatingactivitieswas1,293.7 million[27] - Cash provided by operating activities was 528.7 million, slightly down from 531.5millioninQ12024[29]AssetsandLiabilities−Totalassetsincreasedto531.5 million in Q1 2024[29] Assets and Liabilities - Total assets increased to 31,418.8 million as of March 31, 2025, compared to 31,334.7millionattheendof2024[25]−Totalliabilitiesdecreasedto31,334.7 million at the end of 2024[25] - Total liabilities decreased to 12,195.2 million from 12,467.1millionattheendof2024[25]−Cashandcashequivalentsroseto12,467.1 million at the end of 2024[25] - Cash and cash equivalents rose to 372.8 million at the end of Q1 2025, up from 188.2millionattheendof2024[29]SegmentPerformanceandAcquisitions−ApplicationSoftwaresegmentrevenuesincreasedto188.2 million at the end of 2024[29] Segment Performance and Acquisitions - Application Software segment revenues increased to 1,068.2 million, representing 56.7% of total revenues in Q1 2025[27] - The acquisition of CentralReach, completed on April 23, 2025, is expected to enhance the company's recurring revenue base[4] - Acquisitions of businesses in Q1 2025 amounted to 124.9million,significantlylowerthan124.9 million, significantly lower than 1,858.7 million in Q1 2024[29] - The company remains well-positioned for future growth through disciplined capital deployment and a strong pipeline of acquisition opportunities[4] - The company reported an operating profit of 597.1million,upfrom597.1 million, up from 542.8 million in Q1 2024, reflecting a margin of 31.7%[27]