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    Roper Technologies Inc (ROP)

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    Roper Technologies, Inc. is a diversified technology company that operates market-leading businesses focused on designing and developing vertical software and technology-enabled products for various niche markets. The company is structured into three main reportable segments: Application Software, Network Software, and Technology Enabled Products. Roper's strategy emphasizes sustainable growth through continuous improvement and strategic acquisitions, maintaining high margins and a mix of recurring revenue .

    1. Application Software - Develops and provides vertical software solutions for niche markets, including businesses like Aderant, CBORD, Clinisys, and Deltek, which contribute significantly to the company's operations.

      • Aderant - Offers comprehensive legal practice management software.
      • CBORD - Specializes in campus card systems and food service management solutions.
      • Clinisys - Provides laboratory information management systems.
      • Deltek - Delivers enterprise software and information solutions for project-based businesses.
    2. Technology Enabled Products - Designs and manufactures technology-enabled products, including businesses such as CIVCO Medical Solutions and Verathon, which enhance operational efficiency and effectiveness.

      • CIVCO Medical Solutions - Produces medical devices and accessories for ultrasound and other imaging modalities.
      • Verathon - Develops medical devices and software solutions for airway management and bladder volume measurement.
    3. Network Software - Offers network software solutions that facilitate connectivity and data management, featuring products from ConstructConnect, DAT, and Foundry.

      • ConstructConnect - Provides construction project information and software solutions.
      • DAT - Offers transportation and logistics software solutions.
      • Foundry - Develops creative software for digital design, media, and entertainment industries.
    NamePositionExternal RolesShort Bio

    L. Neil Hunn

    ExecutiveBoard

    President and CEO

    Director at Deere & Company

    Joined ROP in 2011. Became CEO in 2018. Previously EVP and COO. Led significant capital deployment and growth in medical technology and software businesses.

    View Report →

    Jason P. Conley

    Executive

    EVP and CFO

    None

    Joined ROP in 2006. Held roles including VP and Controller, Chief Accounting Officer, and CFO of a subsidiary. Became CFO in 2023.

    John K. Stipancich

    Executive

    EVP, General Counsel, and Corporate Secretary

    None

    Joined ROP in 2016. Promoted to EVP in 2018. Oversees legal, compliance, and corporate governance. Previously held leadership roles at Newell Brands and Evenflo.

    Amy Woods Brinkley

    Board

    Independent Chair of the Board

    Founder of AWB Consulting, Director at TD Bank Group

    Director since 2015. Became Chair in 2021. Former Chief Risk Officer at Bank of America. Extensive experience in risk management, governance, and executive advising.

    Christopher Wright

    Board

    Director

    Director at GP Investments Limited, Honorary Fellow at Corpus Christi College, Oxford

    Director since 1991. Expertise in private equity, technology, and global business. Former Chairman of Kestrel Partners.

    Irene M. Esteves

    Board

    Director

    Director at KKR Real Estate Finance Trust and Spirit AeroSystems Holdings

    Director since 2021. Former CFO of Time Warner Cable and Regions Financial. Extensive experience in finance and executive leadership.

    John F. Murphy

    Board

    Director

    Director at LegalZoom.com and Pure Storage

    Director since 2024. Former CFO of Adobe Inc. and Qualcomm. Expertise in finance, accounting, and technology.

    Laura G. Thatcher

    Board

    Director

    None

    Director since 2015. Chair of the Compensation Committee. Former executive compensation attorney at Alston & Bird LLP. Co-authored the Compensation Committee Handbook.

    Richard F. Wallman

    Board

    Director

    Director at CECO Environmental, Charles River Laboratories, and SmileDirectClub

    Director since 2007. Former CFO of Honeywell International. Expertise in finance, accounting, and governance.

    Robert D. Johnson

    Board

    Director

    Chairman of Spirit AeroSystems Holdings, Director at Spirit Airlines

    Director since 2005. Former CEO of Dubai Aerospace and Honeywell Aerospace. Expertise in aerospace, manufacturing, and global operations.

    Shellye L. Archambeau

    Board

    Director

    Director at Okta, Inc. and Verizon Communications

    Director since 2018. Former CEO of MetricStream. Expertise in cybersecurity, technology, and scaling businesses.

    Thomas P. Joyce, Jr.

    Board

    Director

    None

    Director since 2021. Former CEO of Danaher Corporation. Expertise in executive leadership, mergers and acquisitions, and global business strategy.

    1. Given that organic revenue growth has been 4% for back-to-back quarters , what gives you confidence that growth will reaccelerate in Q4 and beyond, especially considering ongoing challenges in segments like Foundry and Freight Matching ?

    2. With the Foundry business expecting the impact of industry strikes to carry into next year and recovery not until 2025 , how are you mitigating the risks of prolonged underperformance in this segment, and what contingency plans do you have if the post-production pipelines take longer to recover?

    3. You mentioned leadership changes at Procare and Frontline to improve go-to-market capabilities and growth orientation ; can you elaborate on what drove these changes and what specific improvements you expect under the new leadership?

    4. Despite continued pressure in your Freight Matching businesses and expectations of stable but muted freight market conditions , what is your strategy to navigate these challenges, and how are you positioning DAT and Loadlink for future growth?

    5. Considering that Northern Digital declined as expected due to customer program timing and you anticipate recovery beginning in Q4 , what is your level of confidence in the timing of these customer programs, and are there any risks that could delay the anticipated rebound?

    YearAmount Due (millions)Debt TypeInterest Rate (%)% of Total Debt
    2025300Fixed-rate senior notes3.8503.6% = (300 / 8,376.6) * 100
    2025700Fixed-rate senior notes1.0008.4% = (700 / 8,376.6) * 100
    2026700Fixed-rate senior notes3.8008.4% = (700 / 8,376.6) * 100
    2027700Fixed-rate senior notes1.4008.4% = (700 / 8,376.6) * 100
    2028800Fixed-rate senior notes4.2009.5% = (800 / 8,376.6) * 100
    2029500Fixed-rate senior notes4.5006.0% = (500 / 8,376.6) * 100
    2029700Fixed-rate senior notes2.9508.4% = (700 / 8,376.6) * 100
    2030600Fixed-rate senior notes2.0007.2% = (600 / 8,376.6) * 100
    20311,000Fixed-rate senior notes1.75011.9% = (1,000 / 8,376.6) * 100
    2032500Fixed-rate senior notes4.7506.0% = (500 / 8,376.6) * 100
    20341,000Fixed-rate senior notes4.90011.9% = (1,000 / 8,376.6) * 100
    N/A925Unsecured credit facilityN/A11.0% = (925 / 8,376.6) * 100
    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP2002 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    RCP Vega Holdings, LLC (Transact Campus Inc.)

    2024

    Completed on August 20, 2024, for a purchase price of $1,607M (net) with a $100M tax benefit over 14 years; the acquisition boosts Roper’s campus technology and payment solutions by integrating Transact with its CBORD business.

    Genesis Ultimate Holding Co. (Procare Software)

    2024

    Completed on February 26, 2024, for $1,860M (net) with a $110M tax benefit over 13 years; it strategically expands Roper’s cloud-based software and integrated payment processing for early childhood education centers, with significant recorded goodwill and other intangibles.

    Replicon Inc.

    2023

    Completed on August 21, 2023, for $447.5M (net) including an $80M tax benefit over 15 years; this acquisition enhances Roper’s Deltek business by adding market-leading time-tracking and workforce management SaaS solutions expected to drive over $70M in revenue next year.

    Syntellis Parent, LLC

    2023

    Completed on August 7, 2023, for $1,381M (net) with a $135M tax benefit over 15 years; it expands Roper’s enterprise performance management and data solutions for healthcare and education markets, delivering rapid cost synergies and bolstering the Strata business.

    Promium, LLC

    2023

    Completed on May 2, 2023, for $16.5M; the acquisition of this laboratory information management system provider for environmental and water markets has been integrated into Roper’s CliniSys business with recognized goodwill and intangible assets.

    Frontline Education

    2022

    Completed on October 4, 2022, through an all-cash transaction valued at approximately $3.725B (net $3.375B after a $350M tax benefit); the acquisition delivers strong recurring revenue and robust cash flow in the K-12 education SaaS market.

    TIP Technologies Inc. & Common Sense Solutions Inc.

    2022

    Completed in Q3 2022 for an aggregate purchase price of $36.9M; these acquisitions have been integrated into Roper’s Deltek business, adding to its Application Software portfolio.

    viDesktop Inc. (viGlobal)

    2022

    Completed on August 19, 2022, for $286.5M; it adds comprehensive human resources management software solutions tailored for law firms to the Aderant business, enhancing Roper’s Application Software segment.

    MGA Systems Holdings, Inc.

    2022

    Completed on June 27, 2022, for $180.1M; this acquisition strengthens Roper’s offerings in purpose-built insurance software for managing general agents and is integrated into its Vertafore business.

    Common Cents Systems, Inc. (ApolloLIMS)

    2022

    Completed on April 6, 2022, for $25.5M; the acquisition bolsters Roper’s CliniSys business by enhancing its laboratory information management capabilities in toxicology and public health markets.

    Horizon Lab Systems, LLC

    2022

    Completed on January 3, 2022, for $49.8M; integrated into Roper’s CliniSys business, it strengthens lab management solutions across multiple sectors with $25.6M in goodwill and $23.3M in other identifiable intangibles recorded.

    Recent press releases and 8-K filings for ROP.

    Roper Technologies Q1 2025 Earnings & Strategic Updates
    ROP
    Earnings
    M&A
    Guidance Update
    • Q1 2025 Financial Performance: Revenue grew 12% to $1.88B with solid EBITDA, healthy free cash flow margins, and organic revenue up 5% .
    • Earnings Highlights: GAAP net earnings declined 13% to $331M, while adjusted net earnings increased 9% to $517M; Adjusted EBITDA climbed 9% to $740M with operating cash flow marginally down to $529M .
    • CentralReach Acquisition: Completed at a net cost of $1.65B (net of a $200M tax benefit) on April 23, 2025, positioning the company for targeted 20% revenue & EBITDA growth .
    • Full-Year Guidance Raised: Now expecting total revenue growth of approximately 12% and adjusted DEPS in the range $19.80 to $20.05 .
    • Strong Balance Sheet: Maintained with over $5B in available capital for future acquisitions .
    2 days ago