NASDAQ$ROP

Roper Technologies Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Roper's Q3 2022 financial results showed revenue and EPS growth, driven by strong organic performance and strategic acquisitions.

Roper Technologies reported a 10% increase in both GAAP and adjusted revenue, reaching $1.35 billion. The company's GAAP diluted earnings per share increased by 31% to $2.59, while adjusted diluted earnings per share rose by 18% to $3.67. Roper is increasing its full year guidance, driven by the combination of excellent third quarter results, continued strong demand for its niche software and product solutions, and the addition of Frontline Education.

  • GAAP and adjusted revenue increased by 10% to $1.35 billion, with organic revenue also increasing by 10%.
  • GAAP diluted earnings per share increased by 31% to $2.59, and adjusted diluted earnings per share increased by 18% to $3.67.
  • Adjusted EBITDA increased by 12% to $555 million, and the adjusted EBITDA margin increased by 80 basis points to 41.1%.
  • The company is increasing its full year adjusted DEPS guidance to $14.09 - $14.13.

Headline financials

Total Revenue

$1.35B

Previous: $1.46B-7.7%
EPS (adj)

$3.67

Previous: $3.91-6.1%
Organic Revenue Growth

10.0%

Previous: 12.0%-16.7%
Free Cash Flow

$327M

Previous: $290M+13.0%
Net Income

$327M

Previous: $290M+13.0%
Operating Income

$393M

Previous: $404M-2.6%
Gross Profit

$942M

Previous: $996M-5.5%
Cash & Equivalents

$1.89B

Previous: $353M+437.4%
Total Assets

$24.4B

Previous: $23.7B+2.8%
Stock-Based Comp

$29.6M

Previous: $33.6M-11.9%

Revenue & EPS history

Roper · Revenue · Quarterly

$1.35B

Q3 2022-7.7%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Roper · $1.35B total across 3 segments · Q3 2022

  • Application Software
    $644M+6.7%
  • Tech Enabled Products
    $360M
  • Network Software
    $347M+0.9%

Forward guidance

The Company now expects full year adjusted DEPS of $14.09 - $14.13. For the fourth quarter of 2022, the Company expects adjusted DEPS of $3.72 - $3.76.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.3%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.2%

Avg return

30 days after

60%

44 / 73 earnings

Positive

+8.3%

Q1 2020

Best reaction

-12.1%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%-2.9%-10.3%
Q4 2025-8.3%-9.2%-13.8%
Q3 2025-5.7%-10.4%-12.8%
Q2 2025+0.5%+1.9%-1.9%
Q1 2025-1.0%+1.5%+2.0%
Q4 2024+5.1%+6.4%+7.6%
Q3 2024-1.8%-1.3%+1.5%
Q2 2024-5.8%-5.0%-4.6%
Q1 2024-5.0%-4.7%+0.8%
Q4 2023-2.8%-2.8%-2.4%
Q3 2023-0.4%+0.5%+8.9%
Q2 2023+2.8%+2.5%+0.6%
Q1 2023+5.5%+6.9%+4.4%
Q4 2022-4.7%-2.4%-3.6%
Q3 2022+5.9%+9.7%+15.4%
Q2 2022+0.2%+1.3%+5.0%
Q1 2022+4.3%+3.2%-5.0%
Q4 2021+4.4%+0.3%+2.8%
Q3 2021+1.4%-0.0%+3.6%
Q2 2021-0.4%-0.7%-2.4%
Q1 2021+2.3%+3.3%+3.5%
Q4 2020-7.4%-5.0%-10.7%
Q3 2020-12.1%-11.1%+0.1%
Q2 2020+3.9%+2.8%+1.7%
Q1 2020+8.3%+7.9%+21.4%
Q4 2019+0.8%+2.0%-7.1%
Q3 2019-0.1%+2.1%+6.2%
Q2 2019-2.3%-2.1%-6.9%
Q1 2019+0.6%+2.7%-0.6%
Q4 2018+3.5%+5.8%+14.3%
Q3 2018+4.6%+6.6%+7.5%
Q2 2018+3.6%+4.6%+2.8%
Q1 2018-1.0%-4.3%-1.6%
Q4 2017-5.2%-5.4%-4.7%
Q3 2017+0.2%+0.2%+1.8%
Q2 2017+1.8%+1.9%-0.3%
Q1 2017-0.4%-0.4%+4.3%
Q4 2016+6.0%+6.4%+9.5%
Q3 2016+2.2%+0.9%+7.9%
Q2 2016-4.5%-1.7%+1.9%
Q1 2016+0.1%
Q4 2015-9.6%
Q3 2015+3.5%
Q2 2015-4.6%
Q1 2015+1.8%
Q4 2014+5.0%
Q3 2014+2.1%
Q2 2014+2.9%
Q1 2014+6.8%
Q4 2013+1.5%
Q3 2013-3.7%
Q2 2013-3.4%
Q1 2013-3.0%
Q4 2012+0.3%
Q3 2012+2.3%
Q2 2012+0.9%
Q1 2012+2.4%
Q4 2011+0.2%
Q3 2011+6.7%
Q2 2011-2.8%
Q1 2011-0.1%
Q4 2010+2.3%
Q3 2010-1.1%
Q2 2010+0.5%
Q1 2010+5.3%
Q1 2009+5.3%
Q4 2007+1.6%
Q4 2009+1.6%
Q2 2008+0.2%
Q3 2009+0.2%
Q3 2008+0.2%
Q2 2009-1.2%
Q4 2008-1.2%

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