Roper Technologies announces third quarter financial results

Core Insights - Roper Technologies reported a strong financial performance for Q3 2024, with total revenue growth of 13% to $1.76 billion and organic revenue growth of 4% [2][3] - The company increased its full-year guidance for adjusted diluted earnings per share (DEPS) to a range of $18.21 - $18.25, up from the previous guidance of $18.10 - $18.25 [3] - The acquisition of Transact Campus was completed during the quarter, enhancing Roper's portfolio with high-quality vertical software businesses [2] Financial Performance - Revenue for Q3 2024 was $1.76 billion, a 13% increase from $1.56 billion in Q3 2023 [6] - GAAP net earnings rose 6% to $368 million, while adjusted net earnings increased 7% to $499 million [2][7] - Adjusted EBITDA grew by 10% to $717 million, representing 40.7% of revenue [6][9] Earnings Per Share - GAAP DEPS for Q3 2024 was $3.40, a 6% increase from $3.21 in Q3 2023 [8] - Adjusted DEPS increased by 7% to $4.62 compared to $4.32 in the same quarter last year [8] Cash Flow - Operating cash flow for Q3 2024 was $755 million, a 20% increase from $631 million in Q3 2023 [9] - Adjusted operating cash flow rose 17% to $755 million [9] Guidance Update - The company expects full-year 2024 adjusted DEPS of $18.21 - $18.25 and total revenue growth of over 13% [3] - For Q4 2024, adjusted DEPS is projected to be between $4.70 and $4.74 [3] Acquisition Strategy - The acquisition of Transact Campus is expected to create significant value for shareholders and aligns with Roper's disciplined capital deployment strategy [2][3]