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Section 1: 8-K (8-K)

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
March 4, 2019 
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
 
ROPER TECHNOLOGIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
DELAWARE
(STATE OR OTHER JURISDICTION OF INCORPORATION)

1-12273
51-0263969
 
 
 
 
(COMMISSION FILE NUMBER)
(IRS EMPLOYER IDENTIFICATION NO.)
 
 
 
 
6901 PROFESSIONAL PKWY. EAST, SUITE 200, SARASOTA, FLORIDA
34240
 
 
 
 
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(ZIP CODE)

(941) 556-2601
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)
(FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company [ ]
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]






Item 8.01. Other Information.

On March 4, 2019, Roper Technologies, Inc. (the “Company”) issued a press release containing information about the realignment of the Company’s reportable segments. A copy of the press release is furnished as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.
 99.1
 





 
Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
 
Roper Technologies, Inc.
 
 
 
 
 
 
 
(Registrant)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BY:
/S/ Robert C. Crisci
 
Date:
March 4, 2019
 
 
 
 
Robert C. Crisci,
Executive Vice President and Chief Financial Officer
 
 
 
 

 



(Back To Top)

Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit
Contact Information: 
Investor Relations
941-556-2601 
investor-relations@ropertech.com
396968396_roperimageimage1a07.jpg
Roper Technologies, Inc.

Roper Technologies Announces New Segment Structure

Sarasota, Florida, March 4, 2019 ... Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, announced today that it has realigned its reportable segments.

The four new reportable segments are as follows:

Application Software - Aderant, CBORD, CliniSys, Data Innovations, Deltek, Horizon, IntelliTrans, PowerPlan, Strata, Sunquest

Network Software & Systems - ConstructConnect, DAT, Inovonics, iTradeNetwork, Link Logistics, MHA, RF IDeas, SHP, SoftWriters, TransCore

Measurement & Analytical Solutions - Alpha, CIVCO Medical Solutions, CIVCO Radiotherapy, Dynisco, FMI, Gatan, Hansen, Hardy, IPA, Logitech, Neptune, Northern Digital, Struers, Technolog, Uson, Verathon

Process Technologies - AMOT, CCC, Cornell, FTI, Metrix, PAC, Roper Pump, Viatran, Zetec

"Our new segments reinforce Roper’s diversified, niche market strategy by emphasizing business models instead of end markets," said Neil Hunn, Roper's President and CEO. "The day-to-day operations of our businesses, our organizational structure, and our strategy remain unchanged. We look forward to reporting our results using these new segments.”

Beginning with the first quarter of 2019, the Company will report its quarterly and full year financial statements under the new segment structure with prior periods recast to reflect the change.

The Company will present at two investor conferences later this week and will discuss the new reportable segments as part of those presentations. Links to the webcast presentations will be available in the “Investors” section of the Company’s website at www.ropertech.com.




1



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.

Unaudited Historical Financial Information

The Company has included below unaudited historical financial segment information for the four quarters 2017 and 2018 and full years 2016, 2017 and 2018 recast to give effect to the new reportable segment structure. Roper’s historical consolidated results remain unchanged.






2


Table 1: GAAP Segment Financials ($M)
 
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
2016
 
2017
 
2018
 
 
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Application Software
 
$
699

 
$
284

$
300

$
311

$
327

$
1,222

 
$
324

$
358

$
378

$
392

$
1,453

Network Software & Systems
 
1,104

 
297

313

325

320

1,254

 
314

334

342

355

1,345

Measurement & Analytical Solutions A
 
1,456

 
371

379

373

408

1,531

 
404

426

430

446

1,706

Process Technologies
 
530

 
134

143

151

173

600

 
161

176

169

182

688

Total
 
$
3,790

 
$
1,086

$
1,135

$
1,160

$
1,227

$
4,607

 
$
1,203

$
1,294

$
1,319

$
1,376

$
5,191

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Application Software
 
$
466

 
$
180

$
197

$
206

$
214

$
798

 
$
214

$
243

$
256

$
259

$
972

Network Software & Systems
 
707

 
194

205

218

218

835

 
213

225

237

244

919

Measurement & Analytical Solutions A
 
864

 
219

224

216

235

894

 
234

250

253

263

1,001

Process Technologies
 
295

 
75

79

86

98

338

 
90

98

94

106

388

Total
 
$
2,332

 
$
668

$
706

$
726

$
765

$
2,865

 
$
750

$
816

$
840

$
873

$
3,280

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Application Software
 
$
210

 
$
51

$
72

$
76

$
79

$
279

 
$
70

$
98

$
98

$
92

$
358

Network Software & Systems
 
403

 
96

105

118

120

439

 
106

116

128

135

484

Measurement & Analytical Solutions A
 
419

 
107

111

105

123

446

 
115

128

136

144

524

Process Technologies
 
150

 
39

43

49

57

188

 
50

58

57

69

234

Corporate
 
(128
)
 
(34
)
(38
)
(38
)
(32
)
(142
)
 
(42
)
(45
)
(41
)
(75
)
(204
)
Total
 
$
1,055

 
$
258

$
294

$
311

$
347

$
1,210

 
$
300

$
354

$
378

$
364

$
1,396




3


Table 2: Adjusted Segment Financials ($M)
 
 
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
2016
 
2017
 
2018
 
 
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Application Software
 
$
707

 
$
301

$
313

$
321

$
334

$
1,269

 
$
326

$
360

$
380

$
394

$
1,461

Network Software & Systems
 
1,111

 
303

316

326

321

1,265

 
314

334

342

355

1,345

Measurement & Analytical Solutions A
 
1,456

 
371

379

373

408

1,531

 
404

426

430

446

1,706

Process Technologies
 
530

 
134

143

151

173

600

 
161

176

169

182

688

Total
 
$
3,805

 
$
1,108

$
1,151

$
1,171

$
1,235

$
4,665

 
$
1,205

$
1,296

$
1,321

$
1,378

$
5,199

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Application Software
 
$
475

 
$
196

$
210

$
217

$
221

$
845

 
$
216

$
245

$
258

$
261

$
980

Network Software & Systems
 
714

 
200

208

219

219

846

 
213

225

237

244

919

Measurement & Analytical Solutions A
 
864

 
219

224

216

235

894

 
234

250

253

263

1,001

Process Technologies
 
295

 
75

79

86

98

338

 
90

98

94

106

388

Total
 
$
2,348

 
$
689

$
722

$
738

$
773

$
2,922

 
$
753

$
818

$
842

$
874

$
3,287

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Application Software
 
$
218

 
$
66

$
84

$
85

$
86

$
321

 
$
73

$
100

$
100

$
93

$
365

Network Software & Systems
 
410

 
101

108

119

120

449

 
106

116

128

135

484

Measurement & Analytical Solutions A
 
419

 
107

111

105

123

446

 
115

128

136

144

524

Process Technologies
 
150

 
39

43

49

57

188

 
50

58

57

69

234

Corporate
 
(121
)
 
(34
)
(38
)
(38
)
(32
)
(142
)
 
(42
)
(45
)
(41
)
(40
)
(169
)
Total
 
$
1,076

 
$
278

$
309

$
321

$
354

$
1,262

 
$
303

$
356

$
379

$
401

$
1,439

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBITDA
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Application Software
 
$
305

 
$
110

$
129

$
132

$
133

$
504

 
$
121

$
151

$
156

$
150

$
578

Network Software & Systems
 
494

 
127

134

144

144

549

 
130

140

153

159

582

Measurement & Analytical Solutions A
 
474

 
119

123

117

135

494

 
127

139

146

154

567

Process Technologies
 
165

 
42

46

53

61

202

 
54

61

60

72

246

Corporate
 
(121
)
 
(34
)
(38
)
(37
)
(32
)
(141
)
 
(41
)
(45
)
(41
)
(40
)
(168
)
Other Income / (Expense)
 
(1
)
 
(1
)
(1
)
(1
)

(3
)
 
(2
)
2

(2
)
1


Total
 
$
1,315

 
$
362

$
394

$
407

$
441

$
1,605

 
$
389

$
449

$
473

$
496

$
1,806



4



Table 3: Adjusted Revenue Growth








(Unaudited)











 
 
 
 
 
 
 
 
 
 
 
 
Application Software












2017

2018

Q1
Q2
Q3
Q4
FY

Q1
Q2
Q3
Q4
FY
Organic Growth
6
 %
4
 %
3
%
1
%
4
%

3
%
7
%
4
 %
7
 %
5
%
Acquisitions/Divestitures
73
 %
77
 %
77
%
77
%
76
%

4
%
7
%
15
 %
11
 %
9
%
Foreign Exchange
(1
)%
(1
)%
%
1
%
%

2
%
1
%
 %
(1
)%
%
Total Revenue Growth
78
 %
79
 %
81
%
80
%
79
%

9
%
15
%
18
 %
18
 %
15
%
Network Software & Systems










2017

2018

Q1
Q2
Q3
Q4
FY

Q1
Q2
Q3
Q4
FY
Organic Growth
2
%
6
 %
4
%
(1
)%
3
%

3
%
4
%
3
 %
9
 %
5
%
Acquisitions/Divestitures
14
%
14
 %
14
%
4
 %
11
%

%
2
%
2
 %
2
 %
2
%
Foreign Exchange
%
 %
%
 %
%

%
%
 %
 %
%
Total Revenue Growth
16
%
20
 %
17
%
3
 %
14
%

4
%
6
%
5
 %
11
 %
6
%
Measurement & Analytical Solutions A









2017

2018

Q1
Q2
Q3
Q4
FY

Q1
Q2
Q3
Q4
FY
Organic Growth
7
 %
4
 %
2
%
6
%
5
%

6
%
11
%
16
%
10
 %
11
%
Acquisitions/Divestitures
1
 %
 %
%
%
%

%
%
%
 %
%
Foreign Exchange
(1
)%
(1
)%
1
%
2
%
%

3
%
2
%
%
(1
)%
1
%
Total Revenue Growth
6
 %
3
 %
3
%
8
%
5
%

9
%
12
%
15
%
9
 %
11
%
Process Technologies











2017

2018

Q1
Q2
Q3
Q4
FY

Q1
Q2
Q3
Q4
FY
Organic Growth
5
 %
13
 %
15
%
16
%
13
%

16
%
20
%
13
 %
7
 %
14
%
Acquisitions/Divestitures
 %
 %
1
%
1
%
%

1
%
1
%
 %
 %
%
Foreign Exchange
(1
)%
(1
)%
1
%
2
%
%

3
%
2
%
(1
)%
(1
)%
1
%
Total Revenue Growth
4
 %
12
 %
17
%
19
%
13
%

20
%
23
%
12
 %
6
 %
15
%
Roper Consolidated A











2017

2018

Q1
Q2
Q3
Q4
FY

Q1
Q2
Q3
Q4
FY
Organic Growth
5
 %
6
 %
5
%
5
%
5
%

6
%
9
%
9
 %
9
 %
8
%
Acquisitions/Divestitures
18
 %
18
 %
19
%
15
%
18
%

1
%
2
%
5
 %
4
 %
3
%
Foreign Exchange
(1
)%
(1
)%
1
%
1
%
%

2
%
1
%
 %
(1
)%
%
Total Revenue Growth
22
 %
23
 %
24
%
21
%
23
%

9
%
13
%
13
 %
12
 %
11
%


5


Table 4: Adjusted Segment & Consolidated Financials Reconciliation
 
 
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Application Software Reconciliation ($M)
 
 
 
 
 
 
 
 
 
 
 
2016
 
2017
 
2018
 
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
GAAP Revenue
$
699

 
$
284

$
300

$
311

$
327

$
1,222

 
$
324

$
358

$
378

$
392

$
1,453

Purchase accounting adjustment to acquired deferred revenue
8

 
16

13

10

7

47

 
2

2

2

1

8

Adjusted Revenue
707

 
301

313

321

334

1,269

 
326

360

380

394

1,461

 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP Gross Profit
466

 
180

197

206

214

798

 
214

243

256

259

972

Purchase accounting adjustment to acquired deferred revenue
8

 
16

13

10

7

47

 
2

2

2

1

8

Adjusted Gross Profit
475

 
196

210

217

221

845

 
216

245

258

261

980

Adjusted Gross Margin
67.1
%
 
65.3
%
67.1
%
67.4
%
66.3
%
66.5
%
 
66.3
%
68.0
%
67.8
%
66.2
%
67.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP Operating Profit
210

 
51

72

76

79

279

 
70

98

98

92

358

Purchase accounting adjustment to acquired deferred revenue & commission expense
8

 
15

12

9

7

42

 
2

2

2

1

7

Adjusted Operating Profit
218

 
66

84

85

86

321

 
73

100

100

93

365

Adjusted Operating Margin
30.8
%
 
22.0
%
26.7
%
26.5
%
25.7
%
25.3
%
 
22.3
%
27.7
%
26.2
%
23.7
%
25.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization
81

 
39

41

42

42

165

 
44

46

52

51

193

Depreciation
6

 
5

4

5

5

19

 
5

5

5

5

20

Adjusted EBITDA
305

 
110

129

132

133

504

 
121

151

156

150

578

Adjusted EBITDA Margin
43.1
%
 
36.6
%
41.2
%
41.1
%
39.8
%
39.7
%
 
37.2
%
41.8
%
41.0
%
38.1
%
39.6
%


6


Network Software & Systems Reconciliation ($M)
 
 
 
 
 
 
 
 
 
2016
 
2017
 
2018
 
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
GAAP Revenue
$
1,104

 
$
297

$
313

$
325

$
320

$
1,254

 
$
314

$
334

$
342

$
355

$
1,345

Purchase accounting adjustment to acquired deferred revenue
7

 
5

3

1

1

10

 





Adjusted Revenue
1,111

 
303

316

326

321

1,265

 
314

334

342

355

1,345

 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP Gross Profit
707

 
194

205

218

218

835

 
213

225

237

244

919

Purchase accounting adjustment to acquired deferred revenue
7

 
5

3

1

1

10

 





Adjusted Gross Profit
714

 
200

208

219

219

846

 
213

225

237

244

919

Adjusted Gross Margin
64.3
%
 
65.9
%
66.0
%
67.3
%
68.3
%
66.9
%
 
67.8
%
67.5
%
69.2
%
68.7
%
68.3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP Operating Profit
403

 
96

105

118

120

439

 
106

116

128

135

484

Purchase accounting adjustment to acquired deferred revenue
7

 
5

3

1

1

10

 





Adjusted Operating Profit
410

 
101

108

119

120

449

 
106

116

128

135

484

Adjusted Operating Margin
36.9
%
 
33.5
%
34.4
%
36.5
%
37.5
%
35.5
%
 
33.8
%
34.6
%
37.4
%
37.9
%
36.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization
75

 
23

23

22

21

89

 
22

22

22

22

87

Depreciation
9

 
3

3

3

3

11

 
3

3

3

3

11

Adjusted EBITDA
494

 
127

134

144

144

549

 
130

140

153

159

582

Adjusted EBITDA Margin
44.5
%
 
41.9
%
42.5
%
44.1
%
45.1
%
43.4
%
 
41.5
%
42.0
%
44.7
%
44.7
%
43.3
%
Measurement & Analytical Solutions Reconciliation ($M) A
 
 
 
 
 
 
 
 
2016
 
2017
 
2018
 
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
GAAP Revenue
1,456

 
371

379

373

408

1,531

 
404

426

430

446

1,706

GAAP Gross Profit
864

 
219

224

216

235

894

 
234

250

253

263

1,001

GAAP Gross Margin
59.3
%
 
58.9
%
59.0
%
58.0
%
57.7
%
58.4
%
 
57.9
%
58.7
%
59.0
%
59.0
%
58.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP Operating Profit
419

 
107

111

105

123

446

 
115

128

136

144

524

GAAP Operating Margin
28.8
%
 
28.7
%
29.3
%
28.2
%
30.2
%
29.1
%
 
28.6
%
30.1
%
31.7
%
32.3
%
30.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization
39

 
9

8

8

8

33

 
8

8

7

7

29

Depreciation
15

 
4

3

3

3

14

 
4

4

3

3

13

EBITDA
474

 
119

123

117

135

494

 
127

139

146

154

567

EBITDA Margin
32.5
%
 
32.0
%
32.5
%
31.4
%
33.0
%
32.2
%
 
31.4
%
32.8
%
34.1
%
34.5
%
33.2
%



7


Process Technologies Reconciliation ($M)
 
 
 
 
 
 
 
 
 
 
 
2016
 
2017
 
2018
 
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
GAAP Revenue
530

 
134

143

151

173

600

 
161

176

169

182

688

GAAP Gross Profit
295

 
75

79

86

98

338

 
90

98

94

106

388

GAAP Gross Margin
55.6
%
 
56.0
%
55.6
%
56.8
%
56.5
%
56.3
%
 
56.0
%
55.6
%
55.9
%
58.3
%
56.4
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP Operating Profit
150

 
39

43

49

57

188

 
50

58

57

69

234

GAAP Operating Margin
28.3
%
 
28.9
%
30.3
%
32.5
%
33.3
%
31.4
%
 
31.3
%
32.8
%
33.7
%
37.7
%
34.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization
9

 
2

2

2

2

8

 
2

2

2

2

9

Depreciation
6

 
1

1

1

1

5

 
1

1

1

1

4

EBITDA
165

 
42

46

53

61

202

 
54

61

60

72

246

EBITDA Margin
31.2
%
 
31.5
%
32.5
%
34.8
%
35.3
%
33.6
%
 
33.4
%
34.6
%
35.6
%
39.4
%
35.8
%
Roper Consolidated Reconciliation ($M) A
 
 
 
 
 
 
 
 
 
 
2016
 
2017
 
2018
 
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP Revenue
$
3,790

 
$
1,086

$
1,135

$
1,160

$
1,227

$
4,607

 
$
1,203

$
1,294

$
1,319

$
1,376

$
5,191

Purchase accounting adjustment to acquired deferred revenue
15

 
22

16

12

8

57

 
2

2

2

1

8

Adjusted Revenue
3,805

 
1,108

1,151

1,171

1,235

4,665

 
1,205

1,296

1,321

1,378

5,199

 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP Gross Profit
2,332

 
668

706

726

765

2,865

 
750

816

840

873

3,280

Purchase accounting adjustment to acquired deferred revenue
15

 
22

16

12

8

57

 
2

2

2

1

8

Adjusted Gross Profit
2,348

 
689

722

738

773

2,922

 
753

818

842

874

3,287

Adjusted Gross Margin
61.7
%
 
62.2
%
62.7
%
63.0
%
62.6
%
62.6
%
 
62.5
%
63.1
%
63.8
%
63.5
%
63.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP Operating Profit
1,055

 
258

294

311

347

1,210

 
300

354

378

364

1,396

Purchase accounting adjustment to acquired deferred revenue & commission expense
15

 
20

15

10

7

52

 
2

2

2

1

7

One-time accelerated vesting charge & significant acquisition-related expenses
6

 





 



35

35

Adjusted Operating Profit
1,076

 
278

309

321

354

1,262

 
303

356

379

401

1,439

Adjusted Operating Margin
28.3
%
 
25.1
%
26.8
%
27.4
%
28.7
%
27.1
%
 
25.1
%
27.5
%
28.7
%
29.1
%
27.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization
203

 
73

74

74

74

295

 
75

78

83

82

318

Depreciation
37

 
12

12

12

13

50

 
13

13

12

12

50

GAAP Other Income / (Expense)
(2
)
 
(1
)
7

(1
)

5

 
(2
)
2

(18
)
1

(16
)
Debt extinguishment charge
1

 





 


16


16

Gain on sale of divested energy product line, net of impairment on minority investment

 

(8
)


(8
)
 





Adjusted EBITDA
1,315

 
362

394

407

441

1,605

 
389

449

473

496

1,806

Adjusted EBITDA Margin
34.6
%
 
32.7
%
34.3
%
34.8
%
35.7
%
34.4
%
 
32.3
%
34.6
%
35.8
%
36.0
%
34.7
%



8


A.
All periods include the results of Princeton Instruments, Photometrics and Lumenera, as well as other brands (collectively the "Scientific Imaging" businesses). The Company closed on its sale of the Scientific Imaging businesses to Teledyne Technologies Incorporated on February 5, 2019.


Note: Numbers may not foot due to rounding.

9


About Roper Technologies

Roper Technologies is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets. Additional information about Roper is available on the Company’s website at www.ropertech.com.

The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes," "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, the newly acquired businesses. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, environmental compliance costs and liabilities, risks and cost associated with asbestos related litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.



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