WASHINGTON (dpa-AFX) - While reporting financial results for the fourth
quarter on Wednesday, Roper Technologies, Inc. (ROP) initiated its earnings and
adjusted earnings from continuing operations as well as revenue growth guidance
for the full-year 2024. The company also provided outlook for the first quarter.

For fiscal 2024, the company now projects earnings in a range of $12.77 to
$13.07 per share and adjusted earnings in a range of $17.85 to $18.15 per share
on total revenue growth of 11 to 12 percent, with organic revenue growth of 5 to
6 percent.

On average, 15 analysts polled by Thomson Reuters expect the company to report
earnings of $18.33 per share on revenue growth of 8.9 percent to $6.69 billion
for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company expects earnings in a range of $3.01 to $3.05
per share and adjusted earnings in a range of $4.30 to $4.34 per share, while
the Street is looking for earnings of $4.32 per share for the quarter.

For the fourth quarter, the company reported net earnings from continuing
operations of $377.5 million or $3.50 per share, up from $247.3 million or $2.32
per share in the prior-year quarter. Excluding items, adjusted earnings from
continuing operations were $4.37 per share, compared to $3.92 per share in the
year-ago quarter.

Revenue for the quarter increased 13 percent to $1.61 billion from $1.43 billion
in the same quarter last year. Organic revenue increased 8 percent.

The Street was looking for earnings of $4.34 per share on revenues of $1.58
billion for the quarter.

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