Financial Performance - Net revenues for Q3 2024 were $1,764.6 million, a 12.9% increase from $1,563.4 million in Q3 2023[87]. - Organic revenue growth for the total company was 4.1%, with Application Software segment achieving 5.5% organic growth[87]. - Net revenues for the nine months ended September 30, 2024, were $5,162.1 million, a 13.1% increase from $4,564.3 million in the same period of 2023[96]. - In the Application Software segment, net revenues grew to $2,811.4 million, with organic revenue growth of 5.3% driven by various markets[96]. Margins and Expenses - Gross margin for the total company decreased to 69.2% in Q3 2024 from 70.1% in Q3 2023[85]. - Selling, general and administrative expenses as a percentage of net revenues decreased to 37.1% in Q3 2024 from 37.6% in Q3 2023[85]. - Operating margin for the total company was 32.1% in Q3 2024, slightly down from 32.5% in Q3 2023[85]. - The gross margin for the nine months ended September 30, 2024, increased slightly to 69.0% from 68.9% in the prior year, attributed to operating leverage on higher organic revenues[96]. - The operating margin for the nine months ended September 30, 2024, was 26.7%, an increase from 25.8% in the same period of 2023[96]. Debt and Interest - Interest expense increased to $67.7 million in Q3 2024 from $42.4 million in Q3 2023 due to higher debt balances[90]. - Total debt, net of deferred financing costs, was $8,376.6 million as of September 30, 2024, up from $6,330.1 million at the end of 2023[110]. - The rate of debt reduction and associated interest expense will be influenced by financing and operating requirements of new acquisitions, performance of existing companies, and geopolitical and economic uncertainties[114]. Cash Flow and Corporate Strategy - Cash provided by operating activities increased by 18% to $1,671.0 million for the nine months ended September 30, 2024, compared to $1,415.7 million in 2023[103]. - The company expects existing cash balances and cash generated from operations will be sufficient to fund operating requirements for the foreseeable future[108]. - The company anticipates generating positive cash flows from operating activities, which will allow for the reduction of outstanding debt according to the repayment schedule[114]. - The company maintains an active acquisition program, with future acquisitions dependent on various factors including market conditions[113]. Other Key Developments - Backlog increased by 3.9% to $3,026.1 million as of September 30, 2024, compared to $2,913.7 million a year earlier, driven by organic growth and acquisitions in the Application Software segment[94]. - Net earnings from continuing operations were 20.8% of revenues in Q3 2024, down from 22.1% in Q3 2023[85]. - Corporate expenses rose to $70.3 million, maintaining 4.0% of net revenues in Q3 2024[90]. - Equity investments gain, net, was $37.4 million in Q3 2024, up from $33.9 million in Q3 2023, primarily due to a $37.6 million increase in the fair value of the investment in Indicor[91]. - The company completed the divestiture of a majority equity stake in its industrial businesses in 2022, with results reported as discontinued operations[80]. - There were no material changes in market risk disclosures during the nine months ended September 30, 2024[116].

ATLANTA, Oct. 30, 2024 (GLOBE NEWSWIRE) -- IntelliTrans, a global leader in multimodal transportation management solutions, has named Mayank Sharma as its new Chief Product Officer. In this role, Sharma will drive product strategy and direction, guiding the development and improvement of IntelliTrans' product lineup to deliver smarter, simpler solutions for customers. With over 20 years of experience in product innovation and leading global teams, he brings forward-looking insights into the company's growth ...

ATLANTA, Oct. 29, 2024 (GLOBE NEWSWIRE) -- PowerPlan, a leading provider of financial software and solutions for the energy industry, is pleased to announce three senior executive promotions. Paresh Patel, Jim Dahlby, and Sarah Park are stepping into new leadership roles with the company. The appointments demonstrate PowerPlan's commitment to expanding its position as a market leader and are a reflection on the executives' achievements in driving innovation and customer success. Paresh Patel, previously Sen ...

Roper Technologies’ (ROP) third-quarter 2024 adjusted earnings of $4.62 per share surpassed the Zacks Consensus Estimate of $4.53. Earnings increased 7% on a year-over-year basis.Roper’s net revenues of $1.77 million beat the consensus estimate of $1.72 billion. The top line increased 13% year over year. Organic revenues grew 4%, driven by solid momentum in the Application Software segment. Acquisitions boosted sales by 9%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Segmental Pe ...

Financial Performance and Key Metrics - Total revenue grew by 13%, organic revenue by 4%, and EBITDA by 10% in Q3 2024 [5] - Free cash flow increased by 15% in the quarter and by 20% on a TTM basis [5] - Adjusted DEPS for Q3 was $4.62, above the guidance range of $4.50 to $4.54 [10] - EBITDA margin came in at 40.7% for the quarter [9] - Net debt stood at $8.1 billion, with leverage at 3x trailing EBITDA [12] Business Segment Performance Application Software - Revenue grew by 23% in total and 5.5% organically, with EBITDA margins at 43.6% [16] - Enterprise software bookings grew in the double-digits, up from high single-digits in Q2 [6][16] - Aderant, Deltek, and PowerPlan showed strong performance, with Deltek benefiting from improved enterprise-class government contracting activity [17][18] Network Software - Organic revenue grew by 1%, impacted by freight matching businesses and Foundry [20] - DAT and Loadlink faced challenges due to freight market conditions but showed signs of stabilization [21] - Foundry declined due to the impact of industry strikes, with recovery expected in 2025 [22] TEP Segment - Revenue grew by 4% organically, with EBITDA margins at 35.4% [24] - Neptune resolved mechanical meter production issues and saw strong demand for both mechanical and static meters [24] - Verathon performed exceptionally well, particularly in the US single-use bronchoscope market [25] Market and Strategic Developments - The acquisition of Transact Campus for $1.5 billion net of tax benefits is expected to deliver $325 million in revenue and $105 million in EBITDA next year [12][14] - Transact Campus is being integrated with CBORD, with a long-term organic growth rate expected in the high single-digits [15] - The company raised its full-year 2024 guidance, with total revenue growth expected to be north of 13% and organic growth at approximately 6% [7][27] Management Commentary on Market Conditions - Management noted stabilization in freight markets and expects improvement in Q4 [7][21] - Enterprise software bookings momentum is strong, with double-digit growth in Q3 [6][16] - The company remains bullish on M&A opportunities, with a robust pipeline of attractive acquisitions [28] Q&A Session Highlights Transact Campus Strategy - The acquisition of Transact Campus is part of a strategic shift towards bolt-on acquisitions and faster-growing businesses [32] - The integration with CBORD is expected to create significant value, with low execution risk on cost synergies [31][32] Free Cash Flow and Seasonality - Q3 is now the strongest cash flow quarter, driven by Frontline and Transact Campus [34] - Free cash flow growth was driven by strong execution across software and tech product businesses [10] Macro Headwinds and Recovery - Management sees stabilization in freight markets and expects DAT to return to modest growth in 2025 [39] - Foundry's recovery is delayed due to the impact of industry strikes, with improvement expected in 2025 [22][39] Neptune and Production Issues - Neptune resolved mechanical meter production issues and is back on track operationally [24][36] - Demand for Neptune's products remains strong, with no significant changes in order patterns [60] Enterprise Software Bookings - Enterprise software bookings grew in the double-digits, with strong momentum expected to continue into Q4 [44][45] - Deltek and Aderant showed strong performance, with new customer wins and product expansions [17][45] Leadership Changes - Procare and Frontline saw leadership changes aimed at improving go-to-market capabilities and driving growth [47][48] Generative AI and Competitive Advantage - Generative AI is seen as a barrier to entry for competitors, with Roper's verticalized software businesses well-positioned to leverage AI [51] - The company is focused on developing AI-powered features to enhance customer value and accelerate product innovation [17][51] M&A Strategy and Pipeline - The company has over $4 billion in M&A capacity and remains active in the M&A market, with a focus on high-quality acquisitions [28][65] - The M&A pipeline is robust, with a favorable environment for deal-making [65][67]

Core Insights - Roper Technologies reported $1.76 billion in revenue for Q3 2024, a year-over-year increase of 12.9% and an EPS of $4.62 compared to $4.32 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Revenue Performance - Revenue from Network Software & Systems was $367.10 million, slightly below the average estimate of $370.74 million, with a year-over-year change of +0.8% [2] - Revenue from Technology Enabled Products reached $413.10 million, surpassing the average estimate of $408.15 million, reflecting a year-over-year increase of +4.3% [2] - Revenue from Application Software was $984.40 million, significantly above the average estimate of $943.55 million, showing a year-over-year growth of +22.5% [2] Operating Profit - Operating profit for Application Software was $259.80 million, exceeding the average estimate of $256.60 million [2] - Operating profit for Technology Enabled Products was $141.10 million, above the average estimate of $135.55 million [2] - Operating profit for Network Software & Systems was $166 million, slightly below the average estimate of $166.41 million [2] Stock Performance - Shares of Roper Technologies have remained unchanged over the past month, while the Zacks S&P 500 composite increased by +2.7%, with the stock currently holding a Zacks Rank 2 (Buy) [3]

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More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...

Roper Technologies (ROP) came out with quarterly earnings of $4.62 per share, beating the Zacks Consensus Estimate of $4.53 per share. This compares to earnings of $4.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.99%. A quarter ago, it was expected that this industrial equipment maker would post earnings of $4.46 per share when it actually produced earnings of $4.48, delivering a surprise of 0.45%.Over the last four qua ...

Roper Technologies announces third quarter financial results Sarasota, Florida, October 23, 2024 ... Roper Technologies, Inc. (Nasdaq: ROP) reported financial results for the third quarter ended September 30, 2024. The results in this press release are presented on a continuing operations basis. Third quarter 2024 highlights • Revenue increased 13% to $1.76 billion; organic revenue increased 4% • GAAP DEPS increased 6% to $3.40; adjusted DEPS increased 7% to $4.62 • GAAP net earnings increased 6% to $368 mi ...