Roper Technologies, Inc. (NASDAQ:ROP) reported first-quarter results on Thursday that topped earnings expectations, while also lifting its full-year guidance and increasing its share repurchase program.
Shares rose 5.88% in premarket trading following the announcement.
Earnings and revenue exceed forecasts
The company posted adjusted earnings per share of $5.16, beating the analyst consensus of $4.99 by $0.17.
Revenue came in at $2.10 billion, slightly above estimates of $2.06 billion and up 11% from $1.88 billion a year earlier. Organic revenue grew 6%, while acquisitions contributed an additional 5% to overall growth.
Share buybacks expanded
Roper repurchased 4.3 million shares for $1.5 billion during the quarter and announced a further $3 billion buyback authorization, bringing total remaining capacity to $3.8 billion.
CEO highlights strong performance
“First quarter results were strong across the board, with 6% organic revenue growth, 11% total revenue growth, and 11% free cash flow growth,” said Neil Hunn, President and Chief Executive Officer. “On capital deployment, we have repurchased six million shares over the past six months, representing almost 6% of shares outstanding.”
Updated outlook
For the second quarter of 2026, Roper expects adjusted EPS in the range of $5.25 to $5.30, with the midpoint of $5.28 slightly below the analyst consensus of $5.29.
The company raised its full-year 2026 adjusted EPS guidance to between $21.80 and $22.05, up from its prior range of $21.30 to $21.55. The midpoint of $21.93 is above the consensus estimate of $21.50.
Cash flow and profitability improve
Operating cash flow increased 12% to $592 million, while free cash flow rose 11% to $562 million.
Adjusted EBITDA grew 8% year-on-year to $797 million, reflecting continued operational strength.