Stock Monitor: SPX Corp. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 26, 2018 / Active-Investors.com has just released a free earnings report on Roper Technologies, Inc. (NYSE: ROP) ("ROP"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ROP. The Company reported its financial results on February 02, 2018, for the fourth quarter and for the full fiscal year ended December 31, 2017. The industrial equipment maker topped earnings estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for SPX Corporation (NYSE: SPXC), which also belongs to the Industrial Goods sector as the Company Roper Technologies. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=SPXC

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Roper Technologies most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ROP

Earnings Highlights and Summary

For the fourth quarter of 2017, ROP's total revenues reached $1.23 billion, up 21.35% from $1.01 billion in Q4 FY16. Of this, the Company's organic revenue growth was 5% and acquisitions/divestitures-related revenue growth was 15%.

During Q4 FY17, ROP's gross profit was $765.11 million compared to $626.88 million in Q4 FY16. The Company's income from operations advanced 20.02% to $346.98 million in Q4 FY17 from $289.10 million in Q4 FY16.

ROP earned a net income of $443.87 million in Q4 FY17 compared to $182.08 million in Q4 FY16, reflecting a 143.78% y-o-y increase. The diluted earnings per share (EPS) were $4.27 for the reported quarter, 139.89% higher than $1.78 in the year earlier same quarter.

ROP's reported quarter results included the estimated one-time tax benefit of $2.07 per share from the enactment of the Tax Cuts and Jobs Act 2017 (TCJA); cost of $0.46 from amortization of acquisition-related intangible assets; and other non-recurring items. The Company's diluted EPS, after adjusting for non-recurring items, increased 22.73% to $2.70 in Q4 FY17 from $2.20 in Q4 FY16. ROP's adjusted EPS was higher than analysts' consensus estimates of $2.61.

For the year ended December 31, 2017, ROP's total revenues were $4.61 billion, up 21.57% from $3.79 billion in FY16. This included an organic revenue growth of 5%, driven by its asset light business model and acquisitions, especially ConstructConnect and Deltek. The Company's gross profit advanced 22.83% to $2.86 billion y-o-y while earnings before interest, tax, depreciation, and amortization (EBITDA) increased 20.65% to $1.56 billion y-o-y in FY17. ROP's net income hiked 47.54% to $971.77 million in FY17 from $658.65 million in FY16. The Company's diluted EPS rose 46.03% to $9.39 in FY17 from $6.43 in FY16; while diluted EPS, excluding special items, were $9.42 for FY17, up 20.15% from $7.84 in FY16.

Segment Details

During Q4 2017, ROP's RF Technology segment's net revenues were $491.44 million, up almost 45.51% y-o-y. The RF Technology segment received a total of 524.67 million orders in the reported quarter versus 378.59 million in the year ago comparable quarter. The segment's operating profit was $136.61 million for the quarter ended December 31, 2017, compared to $99.56 million for the same period of last year, reflecting an increase of 37.21%. However, the segment's operating margin declined 1.7% to 27.8% in Q4 FY17 from 29.5% in Q4 FY16.

For Q4 FY17, ROP's Medical & Scientific Imaging segment's net revenues advanced 4.47% to $367.71 million on a y-o-y basis. The Medical & Scientific Imaging segment received a total of 394.02 million orders in the reported quarter compared to 384.10 million in the year ago corresponding quarter. In the reported quarter, the segment's operating income increased 0.09% to $129.96 million from $129.84 million in Q4 FY16. The segment's operating margin declined 1.6% to 35.3% in Q4 FY17.

During Q4 FY17, ROP's Industrial Technology segment's net revenues surged 16% to $206.99 million on a y-o-y basis. The Industrial Technology segment received a total of 219.59 million net orders in the reported quarter compared to 175.99 million in the year ago same quarter. The segment generated an operating profit of $60.90 million in Q4 FY17 compared to $51.60 million in Q4 FY16, reflecting an increase of 18.02%. The segment's operating margin was 29.4% in the fourth quarter, up 0.5% from 28.9% in Q4 FY16.

ROP's Energy Systems & Controls segment generated net revenues of $160.44 million in Q4 FY17, a y-o-y increment of 12.48%. The Energy Systems & Controls segment received a total of 166.26 million net orders in the reported quarter versus 146.01 million in the year ago comparable quarter. The segment's operating profit was $51.71 million for Q4 FY17, up 12.72% from $45.87 million in Q4 FY16. The segment's operating margin was 32.2% for the fourth quarter, same as in Q4 FY16.

Cash Matters

ROP had cash and cash equivalents of $671.33 million as on December 31, 2017, 11.34% lower than $757.20 million as on December 31, 2016. During the twelve months ended December 31, 2017, the Company's net cash flow from operating activities was $1.23 billion, 28.09% higher than $963.79 million for the same period of last year.

Outlook

ROP expects the decline in effective tax rate to increase earnings and cash flow in 2018 and beyond. The Company expects adjusted diluted EPS to be in the range of $2.44 to $2.50 for Q1 FY18. For the full year FY18, ROP anticipates adjusted diluted EPS to be between $10.88 and $11.20.

Stock Performance Snapshot

February 23, 2018 - At Friday's closing bell, Roper Technologies' stock was slightly up 0.55%, ending the trading session at $281.14.

Volume traded for the day: 307.30 thousand shares.

Stock performance in the last month ? up 1.67%; previous three-month period ? up 7.93%; past twelve-month period ? up 34.23%; and year-to-date ? up 8.55%

After last Friday's close, Roper Technologies' market cap was at $28.62 billion.

Price to Earnings (P/E) ratio was at 38.49.

The stock has a dividend yield of 0.59%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry. This sector was up 0.6% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors