Roper(US:ROP)2025-04-28 10:58Revenue and Earnings - Total revenue for Q1 2025 increased by 12% to $1.88 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 $517 million[7] - Adjusted DEPS for Q1 2025 rose by 8% to $4.78, compared to $4.41 in Q1 2024[14] - The company expects full year 2025 adjusted DEPS to be between $19.80 and $20.05, up from previous guidance of $19.75 to $20.00[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 $1,680.7 million in Q1 2024[26] - Net earnings for Q1 2025 were $331.1 million, a decrease of 13.3% compared to $382.0 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 $2.39 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 $1,293.7 million[27] - Cash provided by operating activities was $528.7 million, slightly down from $531.5 million in Q1 2024[29] Assets and Liabilities - Total assets increased to $31,418.8 million as of March 31, 2025, compared to $31,334.7 million at the end of 2024[25] - Total liabilities decreased to $12,195.2 million from $12,467.1 million at the end of 2024[25] - Cash and cash equivalents rose to $372.8 million at the end of Q1 2025, up from $188.2 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 $124.9 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 $597.1 million, up from $542.8 million in Q1 2024, reflecting a margin of 31.7%[27]