Roper Technologies reported a robust third quarter with total revenue increasing 14% year-over-year and a notable strategic move with the introduction of a $3 billion share repurchase program.
- Total revenue reached $2 billion, with 6% organic growth and software bookings in the high single digits.
- Free cash flow surged 17% year-over-year, achieving a margin of 32%.
- Successful acquisitions contributed 8% to revenue, confirming alignment with growth expectations.
- The company maintains a strong financial position with a net debt-to-EBITDA ratio of 3x, and over $5 billion available for capital deployment.
- Continued focus on AI enablement across operations is set to drive long-term growth.
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