Roper Technologies (ROP) Tops Q4 EPS by 9c, Revenues Beat; Offers Q1 & FY19 EPS Guidance

Roper Technologies (NYSE: ROP) reported Q4 EPS of $3.22, $0.09 better than the analyst estimate of $3.13. Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.35 billion.

"This was a tremendous operational year for Roper with strong organic growth, margin expansion, and excellent cash performance across our diversified set of technology businesses," said Neil Hunn, Roper's President and CEO. "Organic revenue grew 8% for the year with outstanding execution across our software, network, and product businesses. Free cash flow grew 17% in 2018, enabling us to reduce leverage while deploying $1.3 billion toward high-quality software acquisitions."

"We expect our businesses to continue their solid execution in 2019 benefitting from niche market leadership positions and high levels of recurring revenue," said Mr. Hunn. "Our strong balance sheet and pipeline of attractive acquisition opportunities position us well to continue compounding cash flow in 2019.”

GUIDANCE:

Roper Technologies sees Q1 2019 EPS of $2.74-$2.80, versus the consensus of $2.73.

Roper Technologies sees FY2019 EPS of $12.00-$12.40, versus the consensus of $12.25.

For earnings history and earnings-related data on Roper Technologies (ROP) click here.

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