Roper Technologies Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Roper Technologies Inc. has submitted its Q1 2024 10-Q filing, detailing financial performance and operational updates.</b>

AI Summary

ROPER TECHNOLOGIES INC (ROP) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. Roper Technologies Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. The company's fiscal year ends on December 31. Roper Technologies Inc. is incorporated in Delaware. The company's principal business address is in Sarasota, Florida.

Why It Matters

For investors and stakeholders tracking ROPER TECHNOLOGIES INC, this filing contains several important signals. This 10-Q filing provides investors with the latest financial data and operational insights for Roper Technologies Inc. for the first quarter of 2024, enabling informed investment decisions. Understanding the details within this filing is crucial for assessing the company's current financial health, strategic direction, and potential future performance in its industrial instrument market.

Risk Assessment

Risk Level: low — ROPER TECHNOLOGIES INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures, indicating a routine update on the company's financial status.

Analyst Insight

Review the detailed financial statements and segment information within the 10-Q to understand revenue trends and profitability drivers for Roper Technologies Inc.

Key Numbers

• 2024-03-31 — Period End Date (Quarterly report period)
• 2024-05-03 — Filing Date (Date the report was filed)
• 2024-01-01 — Report Start Date (Beginning of the reporting period)
• 2023-03-31 — Prior Year Period End (End date of the comparable prior year period)

Key Players & Entities

• ROPER TECHNOLOGIES INC (company) — Filer name
• ROP (company) — Ticker symbol
• 2024-03-31 (date) — Period of report
• 2024-05-03 (date) — Filing date
• 3823 (industry_code) — Standard Industrial Classification
• DE (state) — State of incorporation
• SARASOTA (location) — Business address city
• FL (state) — Business address state

FAQ

Industry Context

Roper Technologies Inc. operates within the industrial instruments sector, focusing on measurement, display, and control technologies.

Regulatory Implications

The filing is a standard Form 10-Q, a mandatory quarterly report required by the U.S. Securities and Exchange Commission (SEC) for publicly traded companies.

What Investors Should Do

1. Analyze the consolidated balance sheets for the periods ending March 31, 2024, December 31, 2023, and March 31, 2023.
2. Review the consolidated statements of operations for the three months ended March 31, 2024, and 2023.
3. Examine the consolidated statements of cash flows for the three months ended March 31, 2024, and 2023.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-03: Filing Date — Date Roper Technologies Inc. submitted its 10-Q filing.

Year-Over-Year Comparison

This filing represents the first quarterly report for Roper Technologies Inc. in the fiscal year 2024, following the annual report filed for the fiscal year 2023.

Key Financial Figures

• $0.01 — ange On Which Registered Common Stock, $0.01 Par Value ROP The Nasdaq Stock Market L

Filing Documents

• rop-20240331.htm (10-Q) — 759KB
• a2024formofroperrsuawardag.htm (EX-10.1) — 84KB
• a2024formofroperexecutiveo.htm (EX-10.2) — 103KB
• a2024formofroperseniormana.htm (EX-10.3) — 109KB
• a2024q110qexhibit311.htm (EX-31.1) — 10KB
• a2024q110qexhibit312.htm (EX-31.2) — 10KB
• a2024q110qexhibit321.htm (EX-32.1) — 8KB
• 0000882835-24-000018.txt (&nbsp;) — 5188KB
• rop-20240331.xsd (EX-101.SCH) — 36KB
• rop-20240331_cal.xml (EX-101.CAL) — 66KB
• rop-20240331_def.xml (EX-101.DEF) — 142KB
• rop-20240331_lab.xml (EX-101.LAB) — 484KB
• rop-20240331_pre.xml (EX-101.PRE) — 322KB
• rop-20240331_htm.xml (XML) — 633KB

Financial Statements (unaudited)

Financial Statements (unaudited): Condensed Consolidated Statements of Earnings 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Cash Flows 6 Condensed Consolidated Statements of Changes in Stockholders ' Equity 7 Notes to Condensed Consolidated Financial Statements 8 Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 22 Item 4.

Controls and Procedures

Controls and Procedures 22 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 23 Item 1A.

Risk Factors

Risk Factors 23 Item 5. Other Information 23 Item 6. Exhibits 24

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS Roper Technologies, Inc. Condensed Consolidated Statements of Earnings (unaudited) (in millions, except per share data) Three months ended March 31, 2024 2023 Net revenues $ 1,680.7 $ 1,469.7 Cost of sales 499.7 451.1 Gross profit 1,181.0 1,018.6 Selling, general and administrative expenses 699.7 617.6 Income from operations 481.3 401.0 Interest expense, net 53.2 37.4 Equity investments (gain) loss, net ( 57.0 ) 1.2 Other expense, net 1.2 2.3 Earnings before income taxes 483.9 360.1 Income taxes 101.9 75.8 Net earnings from continuing operations 382.0 284.3 Net loss from discontinued operations — ( 1.2 ) Net earnings $ 382.0 $ 283.1 Net earnings per share from continuing operations: Basic $ 3.57 $ 2.67 Diluted $ 3.54 $ 2.66 Net loss per share from discontinued operations: Basic $ — $ ( 0.01 ) Diluted $ — $ ( 0.01 ) Net earnings per share: Basic $ 3.57 $ 2.66 Diluted $ 3.54 $ 2.65 Weighted average common shares outstanding: Basic 107.0 106.3 Diluted 107.9 107.0 See accompanying notes to Condensed Consolidated Financial Statements. 3 Roper Technologies, Inc. Condensed Consolidated Statements of Comprehensive Income (unaudited) (in millions) Three months ended March 31, 2024 2023 Net earnings $ 382.0 $ 283.1 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments ( 19.1 ) 24.1 Total other comprehensive income (loss), net of tax ( 19.1 ) 24.1 Comprehensive income $ 362.9 $ 307.2 See accompanying notes to Condensed Consolidated Financial Statements. 4 Roper Technologies, Inc. Condensed Consolidated Balance Sheets (unaudited) (in millions) March 31, 2024 December 31, 2023 ASSETS: Cash and cash equivalents $ 198.4 $ 214.3 Accounts receivable, net 763.5 829.9 Inventories, net 126.0 118.6 Income taxes receivable 25.2 47.7 Unbilled receivables 118.2 106.4 Other current assets 194.4 164.5 Total current assets 1,425.7 1,481.4 Property, pl

View Full Filing

View this 10-Q filing on SEC EDGAR