Roper Technologies (NASDAQ: ROP) beat revenue and EPS estimates in Q1 2024, with a 14% Y/Y revenue growth and increased profits. FY24 outlook positive.
Roper Technologies Inc (NASDAQ:ROP) reported fiscal first-quarter 2024 revenue growth of 14% year-on-year to $1.68 billion, beating the analyst consensus estimate of $1.65 billion. Adjusted EPS of $4.41 beat the analyst consensus estimate of $4.34. Gross profit increased to $1.18 billion from $1.02 billion a year ago. Operating income increased to $483.9 million from $360.1 million the prior quarter. Adjusted EBITDA rose 16% year over year to $676 million, and margin expanded by 60 basis points