Roper Technologies (NYSE: ROP) reported Q2 EPS of $2.89, $0.19 better than the analyst estimate of $2.70. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.24 billion.

• GAAP Revenue Increased 14%; Organic Revenue Increased 9%
• GAAP DEPS Increased 26%; Adjusted DEPS Increased 29% to $2.89

"We delivered another record quarter with strong, broad-based growth across each of our four reporting segments as we continue to create value in our diverse set of niche markets,” said Brian Jellison, Roper’s Chairman, President, and CEO. “Our 9% organic revenuegrowth combined with nimble execution throughout our businesses drove margin expansion and record operating cash flow.”

“During the second quarter, we added another industry-leading, niche application software business to our family with the acquisition of PowerPlan. We also announced an agreement to divest our Gatan business, which will enhance our ability to deploy capital in the future and continue to drive value for our shareholders. As a result of continued positive momentum across the enterprise, we are raising our 2018 guidance and remain on track for a record year," concluded Mr. Jellison.

2018 Guidance

• The Company now expects full year Adjusted DEPS of $11.40 - $11.56, compared to previous guidance of $11.08 - $11.32.
• For the third quarter of 2018, the Company expects Adjusted DEPS of $2.89 - $2.95.
• The Company’s guidance excludes the impact of future acquisitions or divestitures, and also excludes the impact of the pending Gatan divestiture.

GUIDANCE:

Roper Technologies sees FY2018 EPS of $11.40-$1.56, versus the consensus of $11.30.

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