Roper Technologies reports Q1 adjusted EPS $5.16, consensus $4.99

Reports Q1 revenue $2.1B, consensus $2.06B. “Q1 results were strong across the board, with 6% organic revenue growth, 11% total revenue growth, and 11% free cash flow growth,” said CEO Neil Hunn. “On capital deployment, we have repurchased six million shares over the past six months, representing almost 6% of shares outstanding. Also, our Board has authorized an additional $3B of share repurchases, bringing remaining capacity to $3.8B. During the quarter, our businesses continued shipping AI products, fueled by Roper’s expanded AI capacity and accelerated speed of execution. Early market response validates what we have long believed: vertical market leaders with proprietary data and deep workflow density are best positioned to deliver AI solutions that customers actually value and utilize. We are raising our full year DEPS outlook on the strength of Q1, share repurchases to date, and resilient demand for our businesses’ mission-critical solutions. With more than $5B of deployable capacity against attractive acquisitions and opportunistic buybacks, Roper is well positioned to compound long-term free cash flow per share for our shareholders”.