Roper Technologies (ROP) Tops Q1 EPS by 13c, Revenues Beat; Lowers 2Q & FY20 EPS Guidance Below Consensus
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Roper Technologies Announces Record First Quarter Results and Updates Full Year 2020 Guidance
April 28, 2020 6:55 AM EDTSARASOTA, Fla., April 28, 2020 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, reported financial results for the first quarter ended March 31, 2020.
First quarter GAAP and adjusted revenue increased 5% to $1.35 billion, and organic revenue increased 4%. GAAP gross margin expanded 40 basis points to 63.4% and adjusted gross margin expanded 50 basis points to 63.5%.
GAAP earnings before taxes decreased 27% to $305 million. Prior year GAAP results included a $120 million pretax gain on sale from the Scientific Imaging businesses. Adjusted earnings before taxes increased 7% to $408 million. GAAP diluted... More
