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$ROP Roper Technologies Earnings
$ROP just released its Q1 2023 earnings report, and the numbers are in! With a beat on revenue and earnings per share, ROP continues to impress investors with its diversified portfolio and strategic acquisitions. Let's dive into the details of this quarter's performance.

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First quarter 2023 highlights

• Revenue increased 15% to $1.47B; organic revenue +8%
• GAAP DEPS increased 20% to $2.66; adjusted DEPS +19% to $3.90
• GAAP net earnings grew 20% to $284M
• Adjusted EBITDA increased 15% to $582M
• Operating CF grew 5% to $465M

CEO Neil Hunn underscores the growing organic revenue for $ROP, which has now exceeded 7% over the last 7 quarters, highlighting the strength of the biz model and the successful transition to a SaaS model.


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$ROP has now increased 2023 guidance:

Roper now expects full year 2023 adjusted DEPS of $16.10 - $16.30, compared to previous guidance of $15.90 - $16.20.

For the second quarter of 2023, the Company expects adjusted DEPS of $3.96 - $4.00.


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The company continues to exhibit a strong financial position with over $4B in dry power to deploy when the right opportunities present themselves.


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Segment performance, revenues and organic:

📱 Application Software - 21% ⬆️ 6% organic ⬆️
💻 Network Software - 5% ⬆️ 6% organic ⬆️
🤖 Technology Enabled Products - 13% ⬆️ 14% organic ⬆️


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