Roper reports mixed results, raises FY22 guidance

• Roper press release (NYSE:ROP): Q2 Non-GAAP EPS of $3.95 beats by $0.10.
• Revenue of $1.31B (+10.1% Y/Y) misses by $230M.
• Adjusted EBITDA from continuing operations increased 10% to $515 million.
• Guidance: Roper is raising FY22 guidance for adjusted DEPS from continuing operations to $13.46 - $13.62 from prior guidance of $13.20-$13.45 (excluding $2.30 for the industrial businesses now reported as discontinued operations) vs consensus of $15.71 (including discontinued ops).
• For the third quarter of 2022, the Company expects adjusted DEPS from continuing operations of $3.42 - $3.46.