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%.
Roper Technologies Q4 Profit Drops
WASHINGTON (dpa-AFX) - Roper Technologies Inc. (ROP), a diversified technology company, reported that its net earnings for the fourth quarter ended December 31, 2020 dropped to $255.8 million or $2.41 per share from $871.1 million or $8.28 per share in the prior year. Prior year GAAP results included a pretax gain of $801 million associated with the divestiture of Gatan.
Adjusted earnings per share was $3.56, a 5% increase from the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $3.48 per share. Analysts estimates typically exclude special items.
Fourth quarter GAAP and adjusted revenue increased 8% to $1.51 billion, while organic revenue decreased 2%. Analysts expected revenues of $1.53 billion for the fourth-quarter.
Good morning. The Roper Technologies Conference Call will now begin. [Operator Instructions]
I would now like to turn the call over to Zack Moxcey, Vice President, Investor Relations. Please go ahead.
Zack Moxcey
Vice President, Investor Relations
Good morning, and thank you all for joining us, as we discuss the fourth quarter and full-year financial results for Roper Technologies. We hope everyone is doing well.
Joining me on the call this morning are Neil Hunn, President and Chief Executive Officer; Rob Crisci, Executive Vice President and Chief Financial Officer; Jason Conley, Vice President Controller; and Shannon O Callaghan, Vice President of Finance.
Report Chapters
Chapter 01- Executive Summary
The report gives a brief with the executive summary of the laboratory information systems market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the market along with a technology roadmap for the said forecast period.
Chapter 02 – Market Overview
In this chapter, readers can find the definition and a detailed taxonomy of the laboratory information systems market, which will help them understand the basic information about the market. Along with this, a section on the market definition, scope and limitations has also been provided, providing a realistic picture of the predicted growth trends.
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The overall market was estimated to be $471.7 million in FY2019, and it is expected to grow at a CAGR of 44.03% during the forecast period, 2021-2030.
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