Roper Technologies Files Q2 2024 10-Q
Ticker: ROP · Form: 10-Q · Filed: Aug 1, 2024 · CIK: 882835
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
**ROPER Q2 10-Q FILED: Check financials for latest performance.**
AI Summary
Roper Technologies Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial data and disclosures relevant to investors are presented.
Why It Matters
This filing provides investors with a detailed look at Roper Technologies' financial health and operational performance during the second quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard for public companies, but the specific financial details and disclosures within can reveal varying levels of risk.
Key Numbers
- 20240630 — Period End Date (Indicates the end of the reporting period for the 10-Q.)
- 20240801 — Filing Date (Shows when the report was officially submitted to the SEC.)
Key Players & Entities
- ROPER TECHNOLOGIES INC (company) — Filer
- 20240630 (date) — Period of Report
- 20240801 (date) — Filed as of Date
- SARASOTA (location) — Business Address City
- DE (location) — State of Incorporation
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, meaning the filing covers the period ending June 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20240801, as indicated by the 'FILED AS OF DATE'.
What is Roper Technologies Inc.'s primary business classification?
Roper Technologies Inc. is classified under 'INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]'.
Where is Roper Technologies Inc. headquartered?
The company's business address is listed as 6496 UNIVERSITY PARKWAY, SARASOTA, FL 34240.
Has Roper Technologies Inc. operated under different names previously?
Yes, the company was formerly known as ROPER INDUSTRIES INC, with a name change date of 20080527.
Filing Stats: 4,759 words · 19 min read · ~16 pages · Grade level 6.9 · Accepted 2024-08-01 17:23:48
Key Financial Figures
- $0.01 — ange On Which Registered Common Stock, $0.01 Par Value ROP The Nasdaq Stock Market L
Filing Documents
- rop-20240630.htm (10-Q) — 1020KB
- esppamendedandrestatedeffj.htm (EX-10.1) — 64KB
- a2024q210qexhibit311.htm (EX-31.1) — 10KB
- a2024q210qexhibit312.htm (EX-31.2) — 10KB
- a2024q210qexhibit321.htm (EX-32.1) — 8KB
- 0000882835-24-000037.txt ( ) — 5708KB
- rop-20240630.xsd (EX-101.SCH) — 36KB
- rop-20240630_cal.xml (EX-101.CAL) — 69KB
- rop-20240630_def.xml (EX-101.DEF) — 139KB
- rop-20240630_lab.xml (EX-101.LAB) — 504KB
- rop-20240630_pre.xml (EX-101.PRE) — 330KB
- rop-20240630_htm.xml (XML) — 869KB
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 17 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 25 Item 4.
Controls and Procedures
Controls and Procedures 25 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 26 Item 1A.
Risk Factors
Risk Factors 26 Item 5. Other Information 26 Item 6. Exhibits 27
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 June 30, Six months ended June 30, 2024 2023 2024 2023 Net revenues $ 1,716.8 $ 1,531.2 $ 3,397.5 $ 3,000.9 Cost of sales 523.5 464.1 1,023.2 915.2 Gross profit 1,193.3 1,067.1 2,374.3 2,085.7 Selling, general and administrative expenses 699.1 631.8 1,398.8 1,249.4 Income from operations 494.2 435.3 975.5 836.3 Interest expense, net 67.5 34.8 120.7 72.2 Equity investments (gain) loss, net 0.8 ( 66.0 ) ( 56.2 ) ( 64.8 ) Other expense, net 0.6 2.8 1.8 5.1 Earnings before income taxes 425.3 463.7 909.2 823.8 Income taxes 88.2 102.7 190.1 178.5 Net earnings from continuing operations 337.1 361.0 719.1 645.3 Loss from discontinued operations, net of tax — — — ( 1.2 ) Gain on disposition of discontinued operations, net of tax — 3.9 — 3.9 Net earnings from discontinued operations — 3.9 — 2.7 Net earnings $ 337.1 $ 364.9 $ 719.1 $ 648.0 Net earnings per share from continuing operations: Basic $ 3.15 $ 3.38 $ 6.72 $ 6.06 Diluted $ 3.12 $ 3.36 $ 6.66 $ 6.02 Net earnings per share from discontinued operations: Basic $ — $ 0.04 $ — $ 0.03 Diluted $ — $ 0.04 $ — $ 0.02 Net earnings per share: Basic $ 3.15 $ 3.42 $ 6.72 $ 6.09 Diluted $ 3.12 $ 3.40 $ 6.66 $ 6.04 Weighted average common shares outstanding: Basic 107.1 106.6 107.0 106.4 Diluted 107.9 107.4 107.9 107.2 See accompanying notes to Condensed Consolidated Financial Statements. 3 Roper Technologies, Inc. Condensed Consolidated Statements of Comprehensive Income (unaudited) (in millions) Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Net earnings $ 337.1 $ 364.9 $ 719.1 $ 648.0 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments ( 0.9 ) 36.2 ( 20.0 ) 60.3 Total other comprehensive income (loss), net of tax ( 0.9 ) 36.2 ( 20.0 ) 60.3 Co