Roper Technologies Inc. (ROP) Q4 2022 Earnings Call Transcript

Roper Technologies Inc. (NYSE:ROP) Q4 2022 Results Conference Call January 27, 2023 8:00 AM ET

Company Participants

Zack Moxcey - Vice President-Investor Relations

Neil Hunn - President and Chief Executive Officer

Jason Conley - Vice President and Chief Accounting Officer

Brandon Cross - Vice President Audit Services at Roper Technologies, Inc.

Robert Crisci - Executive Vice President and Chief Financial Officer

Conference Call Participants

Deane Dray - RBC Capital Markets

Scott Davis - Melius Research

Julian Mitchell - Barclays

Steve Tusa - JPMorgan

Allison Poliniak - Wells Fargo

Brent Hewitt - Wolfe Research

Brendan Luke - Bernstein

Rob Mason - Robert W. Baird

Alex Blanton - Harbor Asset Management

Operator

Good morning. The Roper Technologies Conference Call will now begin. Today's call is being recorded. [Operator Instructions].

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

Zack Moxcey

Good morning, and thank you all for joining us as we discuss the fourth quarter and full year financial results for Roper Technologies. Joining me on the call this morning are Neil Hunn, President and Chief Executive Officer; Jason Conley, Incoming Executive Vice President and Chief Financial Officer; Rob Crisci, Executive Vice President and Chief Financial Officer; Brandon Cross, Incoming Vice President and Principal Accounting Officer; and Shannon O'Callaghan, Vice President of Finance.

Earlier this morning, we issued 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 2. 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 3. Unless otherwise noted, we will discuss our results and guidance on an adjusted non-GAAP and continuing operations basis. For the fourth quarter, the difference between our GAAP results and adjusted results consists of the following items: amortization of acquisition-related intangible assets; purchase accounting adjustments to commission expense; a legal charge related to the settlement of the Boral versus Verathon patent litigation matter. The case related to the sale of certain Verathon products from 2004 through 2016, there are no future financial obligations for Verathon related to this matter.