By Dean Seal
Roper Technologies raised its guidance for 2025 after notching higher profit and a jump in revenue for the second quarter.
The technology conglomerate said it now expects adjusted earnings of $19.90 to $20.05 a share for the year, adding 10 cents to the low end of its prior outlook. Revenue is now on track to rise 13% year-over-year, instead of 12% as previously estimated.
For the third quarter, Roper is targeting $5.08 to $5.12 a share in adjusted earnings. Analysts polled by FactSet had been forecasting $5.09 a share.
The guidance is impacted by the company's $800 million acquisition of Subsplash, which is expected to close later this month.
It also reflects Roper's expanding revenue base and resilient demand trends, the company said.
For the second quarter, Roper posted a profit of $378.3 million, or $3.49 a share. That's up from $337.1 million, or $3.12 a share, in the year-earlier quarter.
Adjusted earnings were $4.87 a share, ahead of analyst estimates for $4.83 a share, according to FactSet.
Revenue rose 13% to $1.94 billion, clearing analyst projections for $1.93 billion.
Shares were up 1.7% at $553.92 in premarket trading.
Write to Dean at dean.seal@wsj.com
(END) Dow Jones Newswires
July 21, 2025 07:43 ET (11:43 GMT)
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