Roper Technologies Reports Impressive Growth for 2024
Roper Technologies Reports Impressive Growth for 2024
Florida-based Roper Technologies, Inc. (NASDAQ: ROP) has recently released its financial results, showcasing remarkable growth for the fourth quarter and the full year of 2024. These results emphasize the company's commitment to evolving through strategic acquisitions and a diligent operational approach.
Fourth Quarter Highlights
Growth in Revenue and Earnings
In the fourth quarter of 2024, Roper Technologies experienced a significant revenue increase of 16%, reaching an impressive $1.88 billion. The company reported that this growth was partially propelled by a +9% contribution from acquisitions, with the remaining +7% stemming from organic revenue growth.
Operating cash flow for the quarter stood at $722 million, representing a 13% increase in adjusted operating cash flow. GAAP net earnings soared by 22%, reaching $462 million, while adjusted net earnings increased by 10% to $520 million. Additionally, adjusted EBITDA rose by 13%, totaling $744 million.
Full Year Success
Record Revenue Return
For the full year 2024, Roper Technologies’ revenue jumped 14% to hit $7.04 billion. Growth drivers included an 8% contribution from acquisitions and a 6% increase in organic revenue. The company’s operating cash flow reached an impressive $2.39 billion, showcasing a 16% increase in adjusted operating cash flow.
GAAP net earnings increased to $1.55 billion, a 13% rise compared to the previous year, while adjusted net earnings grew by 10% to $1.98 billion. The adjusted EBITDA for the year climbed by 13% to $2.83 billion. Notably, GAAP DEPS saw a 13% increase to $14.35, and adjusted DEPS rose by 10% to $18.31.
Management Insights
A Vision for Sustained Growth
Neil Hunn, President and CEO of Roper Technologies, expressed pride over the company's progress in 2024, highlighting the achievement of exceeding $2 billion in free cash flow for the first time. He remarked that the total revenue growth, which was driven significantly by organic factors and strategic acquisitions, reflects Roper’s ongoing commitment to scalable and high-quality business ventures.
Throughout 2024, Roper invested $3.6 billion into organic growth initiatives and acquisitions, notably integrating Procare Solutions, a leader in the early childhood education sector, as well as Transact Campus, enhancing Roper's capabilities in the education and healthcare software landscape.
Looking Ahead: Outlook for 2025
Positive Forecasts
As Roper Technologies sets its sights on 2025, the company aims to continue its momentum with a double-digit growth outlook for total revenue, driven by bolstered organic growth and contributions from acquisitions made in the previous year. Roper is anticipating adjusted DEPS for the full year of 2025 to fall between $19.75 to $20.00, with the first-quarter adjusted DEPS projected at $4.70 to $4.74.
Roper’s guidance for 2025 anticipates a total revenue growth of over 10%, with expectations for organic revenue growth between 6% and 7%. Importantly, this growth forecast excludes the impact of any future acquisitions or divestitures.
Conference Call Announcement
Join the Discussion
Roper Technologies invites stakeholders to join a conference call, set for 8:00 AM (ET) today, where management will discuss the results in detail. Interested parties can join the call via webcast or by dialing specific lines provided for U.S. and international participants. All related materials will be accessible on Roper’s investor relations page.
About Roper Technologies
Roper Technologies is a well-recognized company listed among the Nasdaq 100, S&P 500, and Fortune 1000. The firm is noted for its long-standing track record of generating cash flow and enhancing shareholder value. Roper operates within niche markets, focusing on developing vertical software and technology-enabled products. The company continues to utilize a disciplined approach to capital deployment, striving for high-quality acquisitions.
Contact Information:
Investor Relations
941-556-2601
investor-relations@ropertech.com
Frequently Asked Questions
What were Roper Technologies' revenue figures for Q4 2024?
Roper Technologies reported revenue of $1.88 billion in the fourth quarter of 2024.
How did GAAP net earnings change year-over-year?
GAAP net earnings increased by 22% in Q4 2024, reaching $462 million compared to the previous year.
What was the total revenue growth for Roper in 2024?
The total revenue growth for Roper Technologies in 2024 was 14%, amounting to $7.04 billion.
What strategic acquisitions were made in 2024?
Roper acquired Procare Solutions and Transact Campus, further strengthening its position in vertical software markets.
What does Roper Technologies project for 2025?
Roper anticipates continued revenue growth of over 10% with an adjusted DEPS of $19.75 to $20.00 for the full year 2025.
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