Roper Technologies Files Q3 2024 10-Q
Ticker: ROP · Form: 10-Q · Filed: Nov 1, 2024 · CIK: 882835
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
ROPER Q3 10-Q FILED - FINANCIALS OUT NOW
AI Summary
Roper Technologies Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial figures and business segment information are presented, reflecting the company's ongoing activities and strategic direction.
Why It Matters
This filing provides investors with the latest financial performance data for Roper Technologies, crucial for understanding the company's health and future prospects.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the inherent risks of business operations and market fluctuations are always present.
Key Numbers
- N/A — Revenue (Specific revenue figures are not detailed in the provided header information.)
- N/A — Net Income (Specific net income figures are not detailed in the provided header information.)
- N/A — Earnings Per Share (Specific EPS figures are not detailed in the provided header information.)
Key Players & Entities
- ROPER TECHNOLOGIES INC (company) — Filer
- 20240930 (date) — Period of Report
- 20241101 (date) — Filing Date
- SARASOTA, FL (location) — Business Address
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, meaning the filing covers the period ending September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20241101.
What is Roper Technologies Inc.'s Standard Industrial Classification code?
Roper Technologies Inc.'s SIC code is 3823, which corresponds to Industrial Instruments for Measurement, Display, and Control.
Where is Roper Technologies Inc. headquartered?
The company's business and mail address is listed as 6496 University Parkway, Sarasota, FL 34240.
Has Roper Technologies Inc. operated under any former names?
Yes, the company was formerly known as ROPER INDUSTRIES INC, with a name change date of 20080527, and prior to that, ROPER INDUSTRIES INC /DE/.
Filing Stats: 4,708 words · 19 min read · ~16 pages · Grade level 7 · Accepted 2024-11-01 16:50:25
Key Financial Figures
- $0.01 — ange On Which Registered Common Stock, $0.01 Par Value ROP The Nasdaq Stock Market L
Filing Documents
- rop-20240930.htm (10-Q) — 1050KB
- a2024q310qexhibit311.htm (EX-31.1) — 10KB
- a2024q310qexhibit312.htm (EX-31.2) — 10KB
- a2024q310qexhibit321.htm (EX-32.1) — 8KB
- 0000882835-24-000044.txt ( ) — 5804KB
- rop-20240930.xsd (EX-101.SCH) — 38KB
- rop-20240930_cal.xml (EX-101.CAL) — 71KB
- rop-20240930_def.xml (EX-101.DEF) — 144KB
- rop-20240930_lab.xml (EX-101.LAB) — 516KB
- rop-20240930_pre.xml (EX-101.PRE) — 339KB
- rop-20240930_htm.xml (XML) — 891KB
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 8 Notes to Condensed Consolidated Financial Statements 9 Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.
Controls and Procedures
Controls and Procedures 27 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 28 Item 1A.
Risk Factors
Risk Factors 28 Item 5. Other Information 28 Item 6. Exhibits 29
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 September 30, Nine months ended September 30, 2024 2023 2024 2023 Net revenues $ 1,764.6 $ 1,563.4 $ 5,162.1 $ 4,564.3 Cost of sales 542.9 467.1 1,566.1 1,382.3 Gross profit 1,221.7 1,096.3 3,596.0 3,182.0 Selling, general and administrative expenses 725.1 650.2 2,123.9 1,899.6 Income from operations 496.6 446.1 1,472.1 1,282.4 Interest expense, net 67.7 42.4 188.4 114.6 Equity investments gain, net ( 37.4 ) ( 33.9 ) ( 93.6 ) ( 98.7 ) Other (income) expense, net ( 0.9 ) ( 5.0 ) 0.9 0.1 Earnings before income taxes 467.2 442.6 1,376.4 1,266.4 Income taxes 99.3 97.0 289.4 275.5 Net earnings from continuing operations 367.9 345.6 1,087.0 990.9 Loss from discontinued operations, net of tax — ( 2.9 ) — ( 4.1 ) Gain on disposition of discontinued operations, net of tax — 4.5 — 8.4 Net earnings from discontinued operations — 1.6 — 4.3 Net earnings $ 367.9 $ 347.2 $ 1,087.0 $ 995.2 Net earnings per share from continuing operations: Basic $ 3.43 $ 3.23 $ 10.15 $ 9.30 Diluted $ 3.40 $ 3.21 $ 10.06 $ 9.23 Net earnings per share from discontinued operations: Basic $ — $ 0.02 $ — $ 0.04 Diluted $ — $ 0.02 $ — $ 0.04 Net earnings per share: Basic $ 3.43 $ 3.25 $ 10.15 $ 9.34 Diluted $ 3.40 $ 3.23 $ 10.06 $ 9.27 Weighted average common shares outstanding: Basic 107.2 106.7 107.1 106.5 Diluted 108.1 107.6 108.0 107.3 See accompanying notes to Condensed Consolidated Financial Statements. 3 Roper Technologies, Inc. Condensed Consolidated Statements of Comprehensive Income (unaudited) (in millions) Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Net earnings $ 367.9 $ 347.2 $ 1,087.0 $ 995.2 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 35.4 ( 50.1 ) 15.4 10.2 Total other comprehensi