Roper Technologies (ROP) Tops Q1 EPS by 54c, Revenues Beat; Raises FY19 EPS Guidance Above Consensus
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Roper Technologies Announces Record First Quarter Results
April 25, 2019 6:55 AM EDTSARASOTA, Fla., April 25, 2019 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, reported financial results for the first quarter ended March 31, 2019.
First quarter GAAP and adjusted revenue increased 7% to $1.29 billion, and organic revenue increased by 6%. GAAP and adjusted gross margin were 63.0%, expanding 60 basis points and 50 basis points, respectively. EBITDA increased 13% to $438 million and EBITDA margin expanded 170 basis points to 34.0%.
GAAP earnings before taxes grew 64% to $419 million and adjusted earnings before taxes grew 15% to $382 million. GAAP diluted earnings per share (DEPS) was... More
