Roper Q3 Earnings & Revenues Beat, Application Software Sales Rise Y/Y

Roper Technologies’ ROP third-quarter 2024 adjusted earnings of $4.62 per share surpassed the Zacks Consensus Estimate of $4.53. Earnings increased 7% on a year-over-year basis.Roper’s net revenues of $1.77 million beat the consensus estimate of $1.72 billion. The top line increased 13% year over year. Organic revenues grew 4%, driven by solid momentum in the Application Software segment. Acquisitions boosted sales by 9%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Segmental Performance of RoperThe company reports under three segments, namely Application Software, Network Software and Technology Enabled Products.Application Software’s revenues totaled $984.4 million, representing 55.8% of the quarter’s top line. Our estimate was $927.5 million. The segment’s revenues increased 23% on a year-over-year basis. Organic revenues increased 5%. Solid demand for logos and continued customer expansion within the Aderant business augmented the segment’s performance.Network Software & Systems generated revenues of $367.1 million, accounting for 20.8% of quarterly revenues. Our estimate was $371.7 million. Segmental revenues grew 1% year over year. Organic revenues increased 1%. Strength in the ConstructConnect business supported the segment’s performance.The Technology Enabled Products segment generated revenues of $413.1 million, accounting for 23.4% of the quarter’s revenues. Our estimate was $423.4 million. Sales were up 4% year over year. Organic revenues grew 4%. The strong performance of the Verathon and Neptune businesses drove the segment’s top-line performance.Roper Technologies, Inc. Price, Consensus and EPS Surprise  Roper Technologies, Inc. price-consensus-eps-surprise-chart | Roper Technologies, Inc. QuoteROP’s Margin ProfileRoper’s cost of sales increased 16.2% year over year to $542.9 million. Gross profit increased 11.4% to about $1.2 billion, while the gross margin decreased to 69.2% from 70.1% in the year-ago quarter.Selling, general and administrative expenses increased 11.5% year over year to $725.1 million. Adjusted EBITDA was $717 million, reflecting year-over-year growth of 10%. The margin decreased 100 basis points to 40.7%. Interest expenses (net) increased 61.9% year over year to $68 million.Balance Sheet & Cash Flow of RoperExiting the third quarter, Roper had cash and cash equivalents of $269.6 million compared with $214.3 million at the end of December 2023. Long-term debt (net of current portion) was $7.7 billion compared with $5.8 million at the end of 2023.Roper generated net cash of $1.7 billion from operating activities in the first nine months of 2024, reflecting an increase of 18.2% from the year-ago level. Capital expenditure totaled $39.2 million compared with $37.8 million in the year-ago period.In the first nine months of 2024, ROP rewarded its shareholders with a dividend payment of $241.1 million, up 10.9% year over year.Roper’s OutlookFor 2024, Roper expects adjusted earnings per share from continuing operations of $18.21-$18.25 compared with the $18.10-$18.25 stated earlier. Total revenues are expected to increase 13% compared with the 12% guided earlier. Organic revenues are anticipated to increase 6% from the year-ago reported number.For the fourth quarter, Roper anticipates adjusted earnings of $4.70-$4.74 per share.ROP’s Zacks RankThe company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other CompaniesLogitech International S.A. LOGI reported second-quarter fiscal 2025 non-GAAP earnings of $1.2 per share, which beat the Zacks Consensus Estimate of $1.1 and increased 10% year over year.Logitech’s revenues of $1.12 billion outpaced the consensus mark of $1.09 billion. Moreover, the top line marked a year-over-year increase of 6% on a reported basis and 6% on a constant-currency basis, mainly driven by higher demand across key product categories and efficient inventory management.CoStar Group CSGP reported quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.16. This compares with earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.CoStar posted revenues of $692.6 million for the September-ended quarter, which missed the consensus estimate by 0.55%. This compares with year-ago revenues of $624.67 million.Vertiv Holdings Co. VRT reported quarterly earnings of $0.76 per share, which beat the Zacks Consensus Estimate of $0.71. This compares with earnings of $0.52 per share reported a year ago. These figures are adjusted for non-recurring items.Vertiv posted revenues of $2.07 billion for the September-ended quarter, which surpassed the consensus estimate by 4.64%. This compares with year-ago revenues of $1.74 billion. The company has topped the consensus estimate for revenues three times over the last four quarters.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Logitech International S.A. (LOGI): Free Stock Analysis Report Roper Technologies, Inc. (ROP): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Vertiv Holdings Co. (VRT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks