Roper Technologies (ROP) Tops Q2 EPS by 27c, Revenues Beat; Offers 3Q EPS Guidance Below Consensus, Provides FY20 EPS Outlook

Roper Technologies (NYSE: ROP) reported Q2 EPS of $2.94, $0.27 better than the analyst estimate of $2.67. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.25 billion.

“I am extremely proud of our business leaders for prioritizing the health and safety of our employees while executing at a high level during these challenging times,” said Neil Hunn, Roper’s President and CEO. “Despite the complexities associated with operating in the COVID-19 environment, we continued to invest for durable organic growth while generating outstanding cash flow. All-in-all, this was a very strong quarter for Roper.”

EBITDA decreased 2% to $461 million and EBITDA margin was 35.3%, flat versus the prior year. GAAP operating cash flow increased 49% to $449 million. Excluding $124 million of income tax payments deferred due to COVID-19, adjusted operating cash flow increased 8% to $325 million and adjusted free cash flow increased 10% to $315 million.

“Given our consistent cash flow generation, exceptionally strong balance sheet, and active pipeline of high-quality acquisition opportunities, we remain confident in our ability to continue executing our proven cash compounding strategy,” concluded Mr. Hunn.

GUIDANCE:

Roper Technologies sees Q3 2020 EPS of $2.90-$3.00, versus the consensus of $3.09.

Roper Technologies sees FY2020 EPS of $11.90-$12.40, versus the consensus of $12.18.

• The Company now expects full year adjusted DEPS of $11.90 - $12.40, compared to previous guidance of $11.60 - $12.60.
• For the third quarter of 2020, the Company expects adjusted DEPS of $2.90 - $3.00.
• The Company’s guidance excludes the impact of unannounced future acquisitions or divestitures.

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

You May Also Be Interested In

• Philip Morris (PM) beats Q1 earnings, revenue estimates; issues upbeat guidance
• GATX Corp. (GATX) Tops Q1 EPS by 25c
• GE Aerospace (GE) beats on top and bottom lines in Q1, hikes profit outlook