Roper Technologies Announces 2020 Financial Results
Fourth Quarter Operating Cash Flow Increased 23% to $574 Million
SARASOTA, Fla., Jan. 29, 2021 (GLOBE NEWSWIRE)
Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, reported financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020
Fourth quarter GAAP and adjusted revenue increased 8% to $1.51 billion, while organic revenue decreased 2%. GAAP and adjusted gross margin expanded 20 basis points to 64.2% and 64.3%, respectively.
GAAP diluted earnings per share (“DEPS”) was $2.41, a 71% decrease, and adjusted DEPS was $3.56, a 5% increase. Prior year GAAP results included a pretax gain of $801 million associated with the divestiture of Gatan.
EBITDA increased 7% to $552 million and EBITDA margin decreased 40 basis points to 36.6%.