Roper Applied sciences’ ROP third-quarter 2024 adjusted earnings of $4.62 per share surpassed the Zacks Consensus Estimate of $4.53. Earnings elevated 7% on a year-over-year foundation.
Roper’s web revenues of $1.77 million beat the consensus estimate of $1.72 billion. The highest line elevated 13% 12 months over 12 months. Natural revenues grew 4%, pushed by stable momentum within the Software Software program phase. Acquisitions boosted gross sales by 9%.
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Segmental Efficiency of Roper
The corporate reviews below three segments, particularly Software Software program, Community Software program and Know-how Enabled Merchandise.
Software Software program’s revenues totaled $984.4 million, representing 55.8% of the quarter’s high line. Our estimate was $927.5 million. The phase’s revenues elevated 23% on a year-over-year foundation. Natural revenues elevated 5%. Strong demand for logos and continued buyer growth throughout the Aderant enterprise augmented the phase’s efficiency.
Community Software program & Techniques generated revenues of $367.1 million, accounting for 20.8% of quarterly revenues. Our estimate was $371.7 million. Segmental revenues grew 1% 12 months over 12 months. Natural revenues elevated 1%. Power within the ConstructConnect enterprise supported the phase’s efficiency.
The Know-how Enabled Merchandise phase generated revenues of $413.1 million, accounting for 23.4% of the quarter’s revenues. Our estimate was $423.4 million. Gross sales had been up 4% 12 months over 12 months. Natural revenues grew 4%. The robust efficiency of the Verathon and Neptune companies drove the phase’s top-line efficiency.
Roper Applied sciences, Inc. Worth, Consensus and EPS Shock
Roper Technologies, Inc. price-consensus-eps-surprise-chart | Roper Applied sciences, Inc. Quote
ROP’s Margin Profile
Roper’s value of gross sales elevated 16.2% 12 months over 12 months to $542.9 million. Gross revenue elevated 11.4% to about $1.2 billion, whereas the gross margin decreased to 69.2% from 70.1% within the year-ago quarter.
Promoting, normal and administrative bills elevated 11.5% 12 months over 12 months to $725.1 million. Adjusted EBITDA was $717 million, reflecting year-over-year development of 10%. The margin decreased 100 foundation factors to 40.7%. Curiosity bills (web) elevated 61.9% 12 months over 12 months to $68 million.
Stability Sheet & Money Circulation of Roper
Exiting the third quarter, Roper had money and money equivalents of $269.6 million in contrast with $214.3 million on the finish of December 2023. Lengthy-term debt (web of present portion) was $7.7 billion in contrast with $5.8 million on the finish of 2023.
Roper generated web money of $1.7 billion from working actions within the first 9 months of 2024, reflecting a rise of 18.2% from the year-ago stage. Capital expenditure totaled $39.2 million in contrast with $37.8 million within the year-ago interval.
Within the first 9 months of 2024, ROP rewarded its shareholders with a dividend fee of $241.1 million, up 10.9% 12 months over 12 months.
Roper’s Outlook
For 2024, Roper expects adjusted earnings per share from persevering with operations of $18.21-$18.25 in contrast with the $18.10-$18.25 said earlier. Complete revenues are anticipated to extend 13% in contrast with the 12% guided earlier. Natural revenues are anticipated to extend 6% from the year-ago reported quantity.
For the fourth quarter, Roper anticipates adjusted earnings of $4.70-$4.74 per share.
ROP’s Zacks Rank
The corporate presently carries a Zacks Rank #2 (Purchase). You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Efficiency of Different Corporations
Logitech Worldwide 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 elevated 10% 12 months over 12 months.
Logitech’s revenues of $1.12 billion outpaced the consensus mark of $1.09 billion. Furthermore, the highest line marked a year-over-year enhance of 6% on a reported foundation and 6% on a constant-currency foundation, primarily pushed by greater demand throughout key product classes and environment friendly stock administration.
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 12 months in the past. These figures are adjusted for non-recurring objects.
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 12 months in the past. These figures are adjusted for non-recurring objects.
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 corporate has topped the consensus estimate for revenues 3 times during the last 4 quarters.
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