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Roper TECHNOLOGIES Roper Technologies Announces Record Second Quarter Results and Increases Full Year Guidance July 23 , 2021 - SARASOTA , Fla . , July 23 , 2021 ( GLOBE NEWSWIRE ) · Roper Technologies , Inc. ( NYSE : ROP ) , a leading diversified technology company , reported financial results for the second quarter ended June 30 , 2021 . Second quarter GAAP and adjusted revenue increased 22 % to $ 1.59 billion , while organic revenue increased 7 % . GAAP and adjusted gross margin were 65.1 % , expanding 40 basis points . GAAP diluted earnings per share ( " DEPS " ) was $ 2.69 , a 29 % increase , and adjusted DEPS was $ 3.76 , a 28 % increase . EBITDA increased 26 % to $ 579 million and EBITDA margin expanded 110 basis points to 36.4 % . GAAP operating cash flow was $ 426 million . Adjusted free cash flow increased 30 % to $ 409 million . " Our businesses delivered excellent results in the second quarter , with 22 % revenue growth , 26 % EBITDA growth , and continued strong cash conversion , " said Neil Hunn , Roper's President and CEO . " Organic revenue grew 7 % with broad - based contributions from each of our four segments , including strong organic growth across our portfolio of software businesses . Our solid cash flow performance allowed us to reduce debt by approximately $ 375 million in the second quarter , bringing our total leverage reduction to $ 1.4 billion since completing our 2020 acquisitions . " " Our outstanding first half performance was driven by accelerating recurring revenue growth , broadly improving end - market conditions , and ongoing benefits from the enhanced quality of our portfolio . Given the positive momentum across our businesses , we are increasing our full year 2021 guidance and expect double - digit organic revenue growth for the second half of the year , " concluded Mr. Hunn . Increasing 2021 Guidance The Company now expects full year adjusted DEPS of $ 15.00 - $ 15.20 , compared to previous guidance of $ 14.75 - $ 15.00 . For the third quarter of 2021 , the Company expects adjusted DEPS of $ 3.80 - $ 3.84 . The Company's guidance excludes the impact of unannounced future acquisitions or divestitures . Conference Call to be Held at 8:00 AM ( ET ) Today A conference call to discuss these results has been scheduled for 8:00 AM ET on Friday , July 23 , 2021. The call can be accessed via webcast or by dialing +1 844-750-4898 ( US / Canada ) or +1 412-317-5294 and referencing Roper Technologies . Webcast information and conference call materials will be made available in the Investors section of Roper's website ( www.ropertech.com ) prior to the start of the call . The webcast can also be accessed directly by using the following URL https : //event.webcast . Telephonic replays will be available for up to two weeks and can be accessed by dialing +1 412-317-0088 with access code 10157699 . Use of Non - GAAP Financial Information The Company supplements its consolidated financial statements presented on a GAAP basis with certain non - GAAP financial information to provide investors with greater insight , increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision - making . Reconciliation of non - GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial schedules or tables . The non - GAAP financial measures disclosed by the Company should not be considered a substitute for , or superior to , financial measures prepared in accordance with GAAP , and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated . Table 1 : Adjusted Revenue , Gross Profit and EBITDA Reconciliation ( $ M ) GAAP Revenue Adjusted Revenue Reconciliation Purchase accounting adjustment to acquired deferred revenue Adjusted Revenue Components of Adjusted Revenue Growth Organic Acquisitions / Divestitures Foreign Exchange Rounding Total Adjusted Revenue Growth Adjusted Gross Profit Reconciliation GAAP Gross Profit Q2 2020 Q2 2021 V % $ 1,305 $ 1,588 22 % 1 $ 1,306 $ 1,588 22 % $ Purchase accounting adjustment to acquired deferred revenue 844 1 $ 1,034 7 % 12 % 2 % 1 % 22 %