Roper Technologies (NYSE: ROP) reported Q1 EPS of $3.30, $0.54 better than the analyst estimate of $2.76. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.28 billion.

“Our diversified portfolio of businesses delivered another excellent quarter, highlighted by strong organic growth, operating leverage, and cash flow performance,” said Neil Hunn, Roper’s President and CEO. “EBITDA grew 13% for the enterprise and margins expanded in each of our four segments, demonstrating the strength and breadth of our asset-light, niche market business model.”

“We completed the acquisition of Foundry last week, welcoming another industry-leading, niche software business to the Roper family. We remain well positioned and confident in our ability to continue compounding cash flow through a combination of organic growth and disciplined capital deployment,” concluded Mr. Hunn.

GUIDANCE:

Roper Technologies sees FY2019 EPS of $12.70-$13.00, versus the consensus of $12.30.

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