Roper Technologies reports Q1 adjusted EPS $3.90, consensus $3.85

Reports Q1 revenue $1.47B, consensus $1.44B. "The first quarter was another proof point for our clear and compelling long-term growth algorithm," said Neil Hunn, Roper Technologies’ President and CEO. "Total revenue grew 15% and organic revenue grew 8%, underpinned by our expanding recurring and reoccurring revenue base. Importantly, our free cash flow margin was in excess of 30% as a result of our high-quality and asset-light business model. Given our strong start to the year and ongoing demand for our mission critical software and product solutions, we are increasing our full year outlook. Additionally, with a combination of significant M&A firepower and a large universe of high-quality acquisition opportunities, we remain well positioned to continue executing our disciplined and process-driven approach to capital deployment," concluded Hunn.