Roper Technologies Inc. (ROP) Q1 2023 Earnings Call Transcript

Roper Technologies Inc. (NYSE:ROP) Q1 2023 Earnings Conference Call April 27, 2023 8:00 AM ET

Company Participants

Zack Moxcey - Vice President of Investor Relations

Neil Hunn - President & Chief Executive Officer

Jason Conley - Vice President & Chief Accounting Officer

Conference Call Participants

Deane Dray - RBC Capital Markets

Scott Davis - Melius Research

Terry Tillman - Truist Securities

Steve Tusa - JPMorgan

Julian Mitchell - Barclays

Joe Giordano - Cowen

Allison Poliniak - Wells Fargo

Joe Vruwink - Baird

Alex Blanton - Clear Harbor Asset Management

Operator

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

I would 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 first 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 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. Today, we will discuss our results primarily on an adjusted non-GAAP and continuing operations basis. For the first 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 4, I'll hand the call over to Neil. After our prepared remarks, we will take questions from our telephone participants. Neil?