Roper Technologies Inc at Robert W Baird Global Industrial Conference Transcript

Nov 05, 2019 / 09:30PM GMT
Richard Charles Eastman - Robert W. Baird & Co. Incorporated, Research Division - Senior Research Analyst

Good afternoon, and welcome to the Roper Technologies presentation. I'm Rick Eastman, Senior Analyst and Managing Director here at Baird, and I head up as well as my trusted research associate -- senior associate, Rob Mason, who many of you have probably talked to as well. So the 2 of us are advanced industrial equipment here at Baird. Welcome. Roper is a key part of that coverage.

And let me just do a quick introduction. We view Roper, as I think many of you do, as a leading diversified compounder and growth company, which has delivered a tremendous track record, creating value for shareholders.

Roper has transformed its portfolio into a high-margin, asset-light, highly cash-generative set of discrete businesses mainly through M&A, which over the past 10 years have been slanted towards high-return software or software-centric, high-recurring revenue businesses.

With an M&A funnel that remains very robust, Roper appears well positioned to replicate its past

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