Roper Technologies (ROP) Tops Q1 EPS by 28c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus, Provides 2Q EPS Outlook

Roper Technologies (NYSE: ROP) reported Q1 EPS of $3.60, $0.28 better than the analyst estimate of $3.32. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.51 billion.

“We are very pleased with the strong performance by our businesses in the first quarter,” said Neil Hunn, Roper’s President and CEO. “We grew revenue, EBITDA, DEPS, and cash flow double-digits. Our 2020 software acquisitions, led by Vertafore, continue to perform very well. We also reduced our debt by approximately $500 million in the quarter, once again demonstrating our ability to quickly de-lever after acquisitions.”

“The quality of our enterprise continues to improve as we see meaningful growth in our recurring revenue base,” said Mr. Hunn. “We are also encouraged by signs of recovery across end-markets that were impacted by the pandemic. As a result, we are very well positioned for continued double-digit compounding.”

GUIDANCE:

Roper Technologies sees Q2 2021 EPS of $3.61-$3.65, versus the consensus of $3.63.

Roper Technologies sees FY2021 EPS of $14.75-$15.00, versus the consensus of $14.68.

• The Company now expects full year adjusted DEPS of $14.75 - $15.00, compared to previous guidance of $14.35 - $14.75.
• For the second quarter of 2021, the Company expects adjusted DEPS of $3.61 - $3.65.

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

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