Roper Technologies (ROP) Tops Q1 EPS by 28c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus, Provides 2Q EPS Outlook
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Roper Technologies Announces Record First Quarter Results and Increases Full Year Guidance
April 27, 2021 6:00 AM EDTSARASOTA, Fla., April 27, 2021 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, reported financial results for the first quarter ended March 31, 2021.
First quarter GAAP and adjusted revenue increased 13% to $1.53 billion, while organic revenue decreased 1% (compared to 4% growth in the first quarter of 2020). GAAP and adjusted gross margin were 65.0%, expanding 160 basis points and 150 basis points, respectively. GAAP diluted earnings per share (DEPS) was $2.73, a 20% increase, and adjusted DEPS was $3.60, an 18% increase.
EBITDA increased 20% to $561 million and EBITDA margin expanded 220 basis points to 36.7%. Operating cash flow... More
