Roper Technologies (ROP) Tops Q3 EPS by 15c, Revenues Beat; Boosts FY18 EPS Guidance Above Consensus

Roper Technologies (NYSE: ROP) reported Q3 EPS of $3.09, $0.15 better than the analyst estimate of $2.94. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.31 billion.

"Our businesses delivered another quarter of excellent results," said Neil Hunn, Roper's President and CEO. "Organic revenue grew 9%, with broad-based contributions across our software, network, and product businesses. Operating profit grew double-digits and margins expanded in each of our four reporting segments as our business leaders continued their nimble execution across our diverse niche markets."

"Cash performance in the quarter was outstanding with 34% free cash flow growth,” Mr. Hunn continued. “With a strong balance sheet and a pipeline of attractive acquisition opportunities, we are well positioned for continued capital deployment.”

GUIDANCE:

Roper Technologies sees FY2018 EPS of $11.69-$11.73, versus the consensus of $11.53.

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

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