Roper Technologies reports Q3 adjusted EPS $4.32, consensus $4.22

Reports Q3 revenue $1.56B, consensus $1.55B. “Our market-leading technology businesses continue to operate at a high level and delivered another great quarter, with 16% revenue growth and strong margin performance. Importantly, our third quarter adjusted free cash flow of $625 million brings our trailing-twelve-month free cash flow to $1.8 billion,” said Neil Hunn, Roper Technologies’ President and CEO. “We are once again increasing our full year outlook, fueled by our strong third quarter results, the continued expansion of our recurring revenue base, and the ongoing demand for our mission critical software and product solutions.” “We deployed $2.0 billion toward vertical software acquisitions during the third quarter, highlighted by Syntellis Performance Solutions, which has been combined with our Strata Decision Technology business. We are well positioned to execute our disciplined and process-driven capital deployment methodology, with significant M&A firepower and a large pipeline of attractive acquisition opportunities,” concluded Hunn.