Roper Technologies Revises Earnings Guidance - Quick Facts

(RTTNews) - Roper Technologies, Inc. (ROP) announced the company now expects full year adjusted EPS of $11.08 - $11.32, compared to previous guidance of $10.88 - $11.20. For the second quarter of 2018, the company expects adjusted EPS of $2.65 - $2.71.

First-quarter adjusted EPS was $2.61, a 24% increase from prior year. GAAP revenue increased 11% to $1.20 billion, adjusted revenue increased 9% to $1.20 billion, and organic revenue increased 6%.

Brian Jellison, Roper's CEO, said: "Our software and network businesses continued their outstanding performance with superior cash flow, while our product businesses delivered exceptional growth and strong operating leverage."