Free Post Earnings Research Report: Roper’s Quarterly Revenues Rose 11%; Adjusted EPS Surged 24%

Stock Monitor: Lennox Intl. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 03, 2018 / Active-Investors.com has just released a free earnings report on Roper Technologies, Inc. (NYSE: ROP) (“Roper”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ROP. The Company reported its first quarter fiscal 2018 operating and financial results on April 20, 2018. The industrial equipment maker outperformed top- and bottom-line expectations. Furthermore, the Company raised its adjusted earnings forecasts for FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Lennox International Inc. (NYSE: LII), which also belongs to the Industrial Goods sector as the Company Roper Technologies. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Roper Technologies most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ROP

Earnings Highlights and Summary

During Q1 2018, Roper’s GAAP revenues increased 11% to $1.20 billion compared to $1.09 billion in Q1 2017. The Company’s organic revenues increased 6%. Roper’s revenue numbers exceeded analysts’ estimates of $1.16 billion.

During Q1 2018, Roper’s GAAP gross margin expanded 90 basis points (bps) to 62.4% from 61.5% in Q1 2017, while its adjusted gross margin expanded 30 bps to 62.5%.

For Q1 2018, Roper’s GAAP earnings before taxes (EBT) grew 21% to $255 million compared to $211 million in Q1 2017. The Company’s adjusted EBT advanced 10% to $332 million versus $303 million in the prior year’s same quarter.

Roper reported a net income of $211.3 million, or $2.03 per diluted share, in Q1 2018 compared to $158.1 million, or $1.53 per diluted share, in Q1 2017.

For Q1 2018, Roper’s adjusted diluted earnings per share (EPS) surged 24% to $2.61 compared to $2.11 in Q1 2017. The Company’s EPS beat Wall Street’s estimates of $2.49.

Segment Results

During Q1 2018, Roper’s RF Technology segment generated revenues of $481.6 million, up 7% compared to $429.6 million in Q1 2017. The segment recorded a gross margin of 62.6% and an operating margin of 25.0% compared to 58.5% and 20.7%, respectively, in the year ago same period.

For Q1 2018, Roper’s Medical & Scientific Imaging segment’s revenues grew 5% to $366.3 million compared to $348.2 million in Q1 2017. The segment posted a gross margin of 71.3% in the reported quarter versus 72.3% in the previous year’s comparable quarter, while its operating margin was 33.0% versus 34.4% in Q1 2017.

Roper’s Industrial Technology segment posted revenues of $216.1 million in Q1 2018, up 18% compared to $183.4 million in Q1 2017. The segment recorded a gross margin of 50.3% and an operating margin of 30.4% in the reported quarter compared to 50.8% and 29.2%, respectively, in the year earlier corresponding quarter.

During Q1 2018, Roper’s Energy Systems & Controls segment’s revenues grew 11% to $138.5 million compared to $125.1 million in Q1 2017. The segment posted a gross margin of 57.2% and an operating margin of 25.4% in the reported quarter compared to 56.8% and 24.2%, respectively, in the prior year’s same quarter.

Cash Matters

During Q1 2018, Roper’s operating cash flow was $282 million, representing 23% of adjusted revenues. The Company reduced its debt by $535 million in the reported quarter, and since the end of FY16, Roper has reduced its gross debt by $1.6 billion. The Company had a net debt-to-EBITDA ratio of 2.6x versus 3.7x in the year ago comparable period.

Roper has a revolver credit facility of approximately $2.5 billion, out of which approximately $1.8 billion remains undrawn.

2018 Guidance

For the full fiscal year 2018, Roper raised its adjusted diluted EPS forecasts to be in the range of $11.08 – $11.32 compared to its earlier guidance of $10.88 – $11.20.

For the second quarter of the fiscal year 2018, Roper is projecting adjusted diluted EPS to be in the band of $2.65 – $2.71.

Stock Performance Snapshot

May 02, 2018 – At Wednesday’s closing bell, Roper Technologies’ stock slightly fell 0.80%, ending the trading session at $262.64.

Volume traded for the day: 614.74 thousand shares, which was above the 3-month average volume of 513.86 thousand shares.

Stock performance in the previous six-month period – up 2.17%; past twelve-month period – up 20.90%; and year-to-date – up 1.41%

After yesterday’s close, Roper Technologies’ market cap was at $26.96 billion.

Price to Earnings (P/E) ratio was at 33.67.

The stock has a dividend yield of 0.63%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry.

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