Roper Technologies said second-quarter revenue rose 9% to $2.11 billion from $1.94 billion a year earlier, helped by 5% organic growth and a 3% contribution from acquisitions.
Adjusted earnings per share increased 10% to $5.38 from $4.87, while GAAP earnings per share jumped to $11.62 from $3.49. Operating cash flow climbed 16% to $469 million from $404 million, and adjusted free cash flow increased 11% to $447 million from $403 million.
Adjusted EBITDA rose 5% to $815 million from $775 million, but the margin slipped to 38.6% from 39.9%.
Roper repurchased 3.6 million shares for $1.2 billion in the quarter. Over the past three quarters, it has bought back 9.0 million shares for $3.2 billion, equal to more than 8% of shares outstanding, according to the company.
For the full year, Roper raised its adjusted EPS outlook to $22.15 to $22.30 from $21.80 to $22.05. It now expects total revenue growth of 8% or more, up from about 8%, and organic revenue growth of about 6%, versus a prior range of 5% to 6%.
For the third quarter, the company guided to adjusted EPS of $5.75 to $5.80. Following these announcements, the company's shares moved 7.53%, and are now trading at a price of $362.07. If you want to know more, read the company's complete 8-K report here.
