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Roper Technologies Q1 profit climbs 12.8% YOY

Roper Technologies Inc. said its first-quarter normalized net income was $1.43 per share, compared with the S&P Capital IQ consensus estimate of $1.52 per share.

EPS rose 11.9% year over year from $1.27.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $144.5 million, a gain of 12.8% from $128.1 million in the year-earlier period.

The normalized profit margin increased to 16.4% from 15.4% in the year-earlier period.

Total revenue increased on an annual basis to $865.3 million from $834.1 million, and total operating expenses totaled $616.6 million, compared with $610.7 million in the year-earlier period.

Reported net income rose 6.3% from the prior-year period to $156.1 million, or $1.54 per share, from $146.8 million, or $1.46 per share.