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Roper Technologies (ROP) prices senior unsecured notes worth $2 billion in aggregate principal amount. The net proceeds will pay down part of its borrowings and meet general corporate purposes.
SARASOTA, Fla., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) (the “Company”) announced today the pricing of its public offering of $500 million of 4.500% Senior Notes due 2029 (the “2029 notes”), $500 million of 4.750% Senior Notes due 2032 (the “2032 notes”), and $1 billion of 4.900% Senior Notes due 2034 (the “2034 notes” and, collectively with the 2029 notes and 2032 notes, the “notes”). The offering is expected to close, subject to the satisfaction of customary closing conditions, on August 21, 2024.
Roper (ROP) is set to strengthen its product offerings with the acquisition of Transact Campus.
Roper Technologies said on Thursday it has agreed to buy Transact Campus for $1.5 billion.
SARASOTA, Fla., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) today announced that it has entered into a definitive agreement to acquire Transact Campus, Inc. (“Transact”) for a net purchase price of $1.5 billion, including a $100 million tax benefit resulting from the transaction.
SCOTTSDALE, Ariz. , Aug. 15, 2024 /PRNewswire/ -- Transact Campus Inc., "Transact," an award-winning leader in innovative campus technology and payment solutions, today announced its majority owner Reverence Capital Partners has signed a definitive agreement to sell Transact to Roper Technologies, Inc. (Nasdaq: ROP, "Roper") for $1.6 billion.
Roper Technologies has good revenue and margin growth prospects, with recovery expected in the freight matching and foundry businesses. Revenue increased by 12.1% year over year in Q2 2024, driven by growth in the application software and network software segments. Margins improved in Q2 2024 due to a high-margin business mix and operating leverage, with a positive outlook for future growth.
Roper's (ROP) second-quarter 2024 revenues increase 12% year over year, driven by strength in its Application Software segment.
The headline numbers for Roper Technologies (ROP) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Software firm Roper Technologies forecast third-quarter profit below estimates on Wednesday, owing to weak spending and delayed contract renewals by its target industries.