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Roper Technologies Q3 profit climbs YOY

Roper Technologies Inc. said its normalized net income for the third quarter amounted to $1.42 per share, compared with the S&P Capital IQ consensus estimate of $1.57 per share.

EPS increased year over year from $1.40.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $143.9 million, a gain from $141.4 million in the prior-year period.

The normalized profit margin rose to 16.3% from 16.0% in the year-earlier period.

Total revenue totaled $883.9 million, compared with $884.1 million in the year-earlier period, and total operating expenses totaled $633.6 million, compared with $638.5 million in the year-earlier period.

Reported net income grew on an annual basis to $160.5 million, or $1.58 per share, from $155.5 million, or $1.54 per share.