Roper Technologies, Inc. (ROP) Q2 2023 Earnings Call Transcript

For the period ending June 30, 2023

July 21, 2023 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning. The Roper Technologies Conference Call will now begin. Today's call is being recorded and all participants will be in listen-only mode.

I would like to turn the call over to Zack Moxcey, Vice President, Investor Relations. Please go ahead, sir.

Zack Moxcey

Good morning and thank you all for joining us as we discuss the second quarter financial results for Roper Technologies. Joining me on the call this morning are Neil Hunn, President, and Chief Executive Officer; Jason Conley, Executive Vice President, and Chief Financial Officer; Brandon Cross, Vice President, and Principal Accounting Officer; and Shannon O'Callaghan, Vice President of Finance. Earlier this morning, we used a press release announcing our financial results. The press release also includes replay information for today's call. We have prepared slides to accompany today's call which are available through the webcast and are also available on our website.

Now if you please turn to page two. We begin with our safe harbor statement. During the course of today's call, we will make forward-looking statements which are subject to risks and uncertainties as described on this page, in our press release and in our SEC filings. You should listen to today's call in the context of that information.

And now please turn to page three. Today, we will discuss our results primarily on an adjusted non-GAAP and continuing operations basis. For the second quarter, the difference between our GAAP results and adjusted results consists of the following items: amortization of acquisition-related intangible assets and the financial impacts associated with our minority investment in Indicor. Reconciliations can be found in our press release and in the appendix of this presentation on our website.

And now, if you please turn to page four, I'll hand the call over to Neil. After our prepared remarks, we will take questions from our telephone participants. Neil?

Neil Hunn

[Technical Difficulty] and thanks to everyone for joining our call. We’re looking forward to sharing our second quarter results with you this morning, which like Q1 were quite good.

As we turn to page four, let's look at today's agenda. I'll start with our second quarter enterprise highlights then ask Jason to share our financial results. After that, we'll turn to our segment specific discussion and wrap up outlining our increased 2023 enterprise guidance.