Earnings ·
Roper raises full-year adjusted DEPS guidance to $22.35-$22.40 after Q3 earnings beat
ROPRoper Technologies Inc
Roper Technologies reported third-quarter results with revenue increasing 8% to $2.17 billion and GAAP net earnings rising 22% to $485 million. Adjusted DEPS grew 15% to $5.89, exceeding expectations and prompting the company to raise its full-year adjusted DEPS guidance to a range of $22.35-$22.40 from the previous estimate of $22.15-$22.30. The firm also deployed $436 million toward three bolt-on acquisitions during the quarter. Roper Technologies operates market-leading businesses that design and develop vertical software and technology-enabled products for defensible niche markets.