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Roper Technologies Announces 2020 Financial Results

Roper Technologies Announces 2020 Financial Results Fourth Quarter Operating Cash Flow Increased 23% to $574 Million SARASOTA, Fla., Jan. 29, 2021 (GLOBE NEWSWIRE) Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, reported financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Fourth quarter GAAP and adjusted revenue increased 8% to $1.51 billion, while organic revenue decreased 2%. GAAP and adjusted gross margin expanded 20 basis points to 64.2% and 64.3%, respectively. GAAP diluted earnings per share (“DEPS”) was $2.41, a 71% decrease, and adjusted DEPS was $3.56, a 5% increase. Prior year GAAP results included a pretax gain of $801 million associated with the divestiture of Gatan. EBITDA increased 7% to $552 million and EBITDA margin decreased 40 basis points to 36.6%.

Roper Technologies Inc (ROP) Q4 2020 Earnings Call Transcript

Good morning. The Roper Technologies Conference Call will now begin. [Operator Instructions] I would now like to turn the call over to Zack Moxcey, Vice President, Investor Relations. Please go ahead. Zack Moxcey Vice President, Investor Relations Good morning, and thank you all for joining us, as we discuss the fourth quarter and full-year financial results for Roper Technologies. We hope everyone is doing well. Joining me on the call this morning are Neil Hunn, President and Chief Executive Officer; Rob Crisci, Executive Vice President and Chief Financial Officer; Jason Conley, Vice President Controller; and Shannon O Callaghan, Vice President of Finance.

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