By Katherine Hamilton
Roper Technologies shares notched a new 52-week high after revenue and earnings beat expectations, fueled by acquisitions growth in 2024.
The stock reached $584.31, a 52-week high, and was changing hands at $579.98 in early-afternoon trading. It has gained about 3% over the past year.
The Sarasota, Fla.-based software company on Thursday said revenue grew 16% to $1.88 billion in its fourth quarter, helped by a 9% rise in acquisitions revenue. Analysts polled by FactSet were expecting $1.83 billion.
Earnings rose 22% to $462 million, or $4.28 a share. Adjusted earnings totaled $4.81 per share, ahead of the $4.73 average analyst target.
Cash flow surpassed $2 billion for the first time in the company's history after a 16% increase, said Chief Executive Neil Hunn. The company deployed $3.6 billion of capital toward vertical software acquisitions, including childhood education software service Procare Solutions and Transact Campus, said Hunn.
Roper expects 2025 revenue to grow 10% or more, fueled by improved organic growth and more contributions from its 2024 acquisitions. Organic revenue growth is expected at 6% to 7%.
It also expects full-year adjusted earnings per share to be $19.75 to $20, compared with the $19.86 analysts were expecting. First-quarter adjusted per-share earnings are guided at between $4.70 and $4.74.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 30, 2025 12:49 ET (17:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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