Roper shareholders reject software spin-off proposal and approve incentive plan updates

• Shareholders rejected a proposal to conduct a strategic review of a potential spin-off of the Application Software and Network Software segments.
• An amendment to the 2021 Incentive Plan adds 14.15 million shares to the share reserve and limits non-employee director compensation to $750,000 per year.
• A restated Employee Stock Purchase Plan increases the stock purchase discount and the maximum participant payroll deduction to 15% each, effective July 1, 2026.
• Nine directors were re-elected to one-year terms, and executive compensation was approved through a non-binding advisory vote.

Roper reports Q1 2026 results, raises full-year earnings guidance

• Q1 revenue grew 11% to $2.10 billion, driven by 6% organic growth. Roper increased its full-year 2026 adjusted DEPS guidance to $21.80–$22.05, up from the previous range of $21.30–$21.55.
• Free cash flow increased 11% to $562 million, while adjusted EBITDA margins contracted 120 basis points to 38.1%.
• Roper repurchased $1.5 billion in shares during Q1 and authorized an additional $3 billion for buybacks. Management identified over $5 billion in capacity for future acquisitions and opportunistic repurchases.
• Application and Network software segments generated $1.62 billion in revenue, representing 77% of the company total. Roper continues to ship AI products that utilize proprietary data within its vertical markets.

Roper enters new $3.5 billion five-year unsecured credit facility

• The new revolving credit facility matures on March 30, 2031, and replaces a previous $3.5 billion agreement that had $2.0 billion in principal outstanding at the time of termination.
• Loans are priced based on Roper's senior unsecured debt rating; the current spread for SOFR-based loans is 0.920% per annum with a 0.080% facility fee on both used and unused portions.
• Roper has the option to request up to $1.0 billion in additional revolving or term loan commitments over the life of the agreement.
• The credit agreement requires Roper to maintain a total debt to total capital ratio of 0.65 to 1.00 or less.

Roper Technologies reports strong FY2025 results, initiates solid FY2026 guidance

• For full year 2025, revenue increased 12% to $7.90 billion, driven by 5% organic growth and 7% from acquisitions. Adjusted diluted earnings per share (DEPS) grew 9% to $20.00.
• Roper expects full year 2026 adjusted DEPS to be between $21.30 and $21.55. Total revenue growth is anticipated to be approximately 8%, with organic revenue growth projected at 5% to 6%.
• In 2025, Roper deployed $3.3 billion for acquisitions, including CentralReach and Subsplash, and repurchased $500 million in shares through its buyback program.
• Management highlighted a stronger foundation for 2026, focusing on enhancements in leadership, AI technical capabilities, capital deployment discipline, and accelerating innovation and M&A opportunities.

Roper Technologies reports strong Q3 2025 results, adjusts full-year DEPS guidance, and authorizes $3 billion share repurchase

• Q3 revenue grew 14% to $2.02 billion, driven by 6% organic growth and 8% from acquisitions. Adjusted EBITDA increased 13% to $810 million, and adjusted diluted EPS rose 11% to $5.14.
• The company deployed $1.3 billion in Q3 for acquisitions, including Convoy to enhance DAT and Orchard Software for its Clinisys business.
• Roper adjusted its full-year 2025 adjusted diluted EPS guidance to $19.90 - $19.95, reflecting underlying trends and a $0.10 dilution from Q3 acquisitions.
• The Board authorized a new share repurchase program of up to $3 billion of common stock.

Roper Technologies issues $2 billion in senior unsecured notes

• The notes comprise $500 million of 4.250% notes due 2028, $500 million of 4.450% notes due 2030, and $1 billion of 5.100% notes due 2035.
• These are senior unsecured obligations, ranking equally with other unsecured senior debt, but are effectively subordinated to secured debt and all liabilities of Roper's subsidiaries.
• Roper can redeem the notes prior to maturity at specified prices. Additionally, a change of control event, under certain conditions, may require Roper to offer to repurchase the notes at 101% of their principal amount plus accrued interest.
• Covenants limit Roper's ability to incur secured indebtedness on principal property or capital stock/indebtedness of significant subsidiaries without equally and ratably securing the notes, and cap total secured indebtedness and attributable debt from sale and lease-back transactions at 15% of Consolidated Net Tangible Assets.

Roper Technologies reports strong Q2 results, acquires Subsplash, and raises full-year guidance

• Q2 revenue grew 13% to $1.94 billion, driven by 7% organic growth, while adjusted DEPS increased 9% to $4.87 and adjusted EBITDA rose 12% to $775 million.
• Roper acquired Subsplash, an AI-enabled, cloud-based software and fintech provider for faith-based organizations, for $800 million, with closing expected later in July 2025.
• The company raised its full-year 2025 adjusted DEPS guidance to $19.90-$20.05, up from prior guidance of $19.80-$20.05.
• Roper also increased its full-year 2025 total revenue growth outlook to approximately 13% from approximately 12%, maintaining its organic revenue growth expectation of 6-7%.

Roper Technologies shareholders vote with Board recommendations, re-electing directors and approving all proposals

Roper Technologies reports FY25 Q1 results, raises full-year revenue and adjusted EPS guidance

• Revenue increased 12% to $1.88 billion in FY25 Q1, driven by 8% from acquisitions and 5% organic growth. Adjusted net earnings grew 9% to $517 million, and adjusted diluted EPS rose 8% to $4.78.
• The company raised its full-year 2025 adjusted diluted EPS guidance to $19.80 - $20.05, up from $19.75 - $20.00 previously.
• Full-year 2025 total revenue growth outlook was also raised to approximately 12%, up from over 10% previously, with organic revenue growth guidance remaining at 6-7%.
• Roper completed the acquisition of CentralReach, a cloud-native software provider for Applied Behavior Analysis therapy, on April 23, 2025, which is included in the updated guidance.

Roper Technologies director Christopher Wright to retire

• Christopher Wright will retire from the Board of Directors, effective at the 2025 Annual Meeting of Shareholders on June 10, 2025.
• Mr. Wright has served as a Director since 1991.
• The Board of Directors will be reduced to 9 directors upon his retirement.

Roper Technologies reports strong FY24 results and initiates FY25 guidance

• FY24 revenue increased 14% to $7.04 billion (6% organic growth, 8% from acquisitions), with adjusted DEPS up 10% to $18.31.
• Adjusted free cash flow grew 16% to a record $2.28 billion in FY24.
• Roper deployed $3.6 billion in capital for vertical software acquisitions during 2024, including Procare Solutions and Transact Campus.
• For FY25, Roper expects adjusted DEPS of $19.75 to $20.00, total revenue growth over 10%, and organic revenue growth of 6-7%.

Roper Technologies amends bylaws, implementing proxy access and lowering the shareholder vote threshold for amendments

• Shareholders or groups holding at least 3% of common stock for three years can nominate directors for inclusion in proxy materials, up to 20% of the board.
• The threshold for shareholders to amend bylaws was reduced from 66 2/3% to a majority of shares entitled to vote.
• Directors in uncontested elections now require a majority of votes cast, with a resignation process for those who do not achieve it.

Roper Technologies reports strong Q3, raises full-year adjusted DEPS and total revenue guidance

• In Q3, revenue grew 13% to $1.76 billion (4% organic), adjusted DEPS rose 7% to $4.62, and adjusted EBITDA increased 10% to $717 million.
• Roper raised its full-year 2024 adjusted DEPS guidance to $18.21-$18.25 and increased its total revenue growth outlook to over 13%, while maintaining organic revenue growth expectations at approximately 6%.
• During Q3, Roper completed the acquisition of Transact Campus, which has been combined with its CBORD business.
• Adjusted free cash flow for the quarter grew 15% to $719 million.

Roper Technologies issues $2 billion in senior notes

• The offering includes $500 million of 4.500% notes due 2029, $500 million of 4.750% notes due 2032, and $1 billion of 4.900% notes due 2034.
• The notes are unsecured senior obligations.
• Roper can redeem the notes prior to maturity at a make-whole premium, and at par on or after a specified date closer to maturity.
• A change of control event leading to a credit rating downgrade would require Roper to offer to repurchase the notes at 101% of principal plus accrued interest.
• Covenants include limitations on liens and sale and lease-back transactions, not to exceed 15% of Consolidated Net Tangible Assets.

Roper Technologies reports strong Q2 results, raises low end of full-year adjusted DEPS guidance

• Q2 revenue increased 12% to $1.72 billion (4% organic), and adjusted DEPS grew 9% to $4.48. Adjusted EBITDA rose 13% to $695 million, achieving a 40.5% margin.
• Operating cash flow increased 20% to $384 million, with adjusted free cash flow up 24% to $367 million. Trailing twelve-month adjusted free cash flow was $2.1 billion, or 32% of revenue.
• The company raised the low end of its full-year 2024 adjusted DEPS guidance to $18.10 - $18.25, while maintaining full-year total revenue growth expectations at approximately 12% (6% organic).
• For Q3 2024, Roper expects adjusted DEPS of $4.50 - $4.54, driven by improving demand for its enterprise software, partially offset by production timing at Neptune.

Roper Technologies shareholders vote with Board recommendations, approving a majority voting requirement proposal

Roper Technologies raises full year adjusted DEPS guidance after strong Q1 results

• Q1 revenue grew 14% to $1.68 billion (8% organic), with adjusted DEPS up 13% to $4.41 and adjusted EBITDA increasing 16% to $676 million.
• Roper raised its full year 2024 adjusted DEPS guidance to $18.05 - $18.25, up from the prior range of $17.85 - $18.15.
• Operating cash flow increased 14% to $531 million, generating $513 million in free cash flow (31% margin).
• The company completed its acquisition of Procare during the quarter and recognized a $57 million equity investment gain.

Roper Technologies elects John F. Murphy to its Board of Directors

• John F. Murphy previously served as Executive Vice President and Chief Financial Officer of Adobe, and held executive roles at Qualcomm and DIRECTV, bringing extensive software, technology, and financial expertise to the Board.

Roper Technologies reports strong Q4 and FY2023 results, guides for 11-12% total revenue growth in 2024

• In Q4 2023, Roper's revenue increased 13% to $1.61 billion, driven by 8% organic revenue growth. Adjusted DEPS rose 11% to $4.37.
• For the full year 2023, revenue grew 15% to $6.18 billion, with organic revenue up 8%, and adjusted DEPS increased 17% to $16.71. The company achieved a 32% free cash flow margin.
• For 2024, Roper expects adjusted DEPS to be between $17.85 and $18.15. Total revenue growth is projected at 11-12%, with organic revenue growth of 5-6%.
• The 2024 guidance includes the impact of the recently announced acquisition of Procare Solutions, a software provider for the childcare market, expected to close in Q1 2024. In 2023, Roper allocated $2.1 billion to vertical software acquisitions.

Roper Technologies reports strong Q3 results, raises full-year adjusted EPS guidance

• Q3 revenue grew 16% to $1.56 billion, with organic revenue up 6%. Adjusted diluted EPS increased 18% to $4.32, and adjusted EBITDA grew 18% to $652 million, achieving a 41.7% margin.
• The company deployed $2.0 billion for vertical software acquisitions during the quarter, primarily Syntellis Performance Solutions, which was combined with Strata Decision Technology. Roper also acquired a minority interest in Certinia for $125 million.
• Roper raised its full-year 2023 adjusted diluted EPS guidance to $16.62-$16.66, up from the previous guidance of $16.36-$16.50.
• Adjusted operating cash flow increased 72% to $647 million in Q3, contributing to $1.8 billion in trailing-twelve-month free cash flow.