Roper Industries (NYSE: ROP) reported Q3 EPS of $2.36, $0.06 better than the analyst estimate of $2.30. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.17 billion.

2017 Guidance Update

• Roper is raising its full year 2017 guidance and now expects adjusted DEPS of $9.27 - $9.33, compared to previous guidance of $9.12 - $9.30.
• In the fourth quarter of 2017, the Company expects adjusted DEPS to be between $2.56 and $2.62.
• The Company’s guidance excludes the impact of future acquisitions or divestitures.

Highlights

• Third quarter GAAP revenue increased 23% to $1.16 billion and adjusted revenue grew 24% to $1.17 billion. GAAP gross margin expanded 140 basis points to 62.6% and adjusted gross margin expanded 170 basis points to 63.0%.
• GAAP DEPS was $1.84, a 13% increase, while adjusted DEPS was $2.36, a 20% increase. Adjusted EBITDA grew 24% to $407 million and adjusted EBITDA margin expanded 20 basis points to 34.8%.

GUIDANCE:

Roper Industries sees FY2017 EPS of $9.27-$9.33, versus the consensus of $9.28.

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