The Latest Breaking News from Roper Technologies Inc

Roper Technologies Inc (NYSE:ROP) has agreed to sell a majority stake in its industrial businesses to affiliates of Clayton, Dubilier & Rice, LLC (CD&R) for cash proceeds of ~$2.6 billion while retaining a 49% minority interest in a new standalone entity. The following businesses are involved in the transaction: Alpha, AMOT, CCC, Cornell,…

Roper Technologies Inc (NYSE:ROP) reported fourth-quarter revenue growth of 13% year-over-year to $1.51 billion, beating the consensus of $1.50 billion. Sales by segments: Application Software $609 million (+11% Y/Y), Network Software & Systems $355.1 million (+14.7% Y/Y), Measurement & Analytical Solutions $412.8 million (+14.6% Y/Y) and Process Technologies $135.4 million (+15.6% Y/Y). Segment operating…