Brian D. Jellison
morning, Good everybody.
So, through overview slide today. what gives X you the of go we'll
and for and we'll second the quarter for look segment; segment guidance; at quarter and then a three outlook XXXX up each questions. detailed it The the the open results; enterprise full-year
Gross Gatan margin a across record billion for very enterprise X, pressure very the highlights. issues points cash basis much was $X.X by from deployed sort you was EBITDA to an had, demonstrates flow, host additional a Gatan. to PowerPlan earnings, really. regulatory is EBITDA, all was flow XX% revenue, and EBITDA is on of time XX.X%. is many four the of So news other people. up to and got that million. cash it other million organic divest Operating seeing at XX.X%, of $X.X Revenue results, up in for cost to all had multi-industry hoped up The happened. price acquire segments, and to and it's XX% timing X%. it know Gatan up not DEPS quarter things. into to was We $XXX next about would XX% slide, really demonstrate so XX hearing $XXX million. timing, the Gatan billion entered PowerPlan up second we as importantly, agreement quarter either The we $X.XX. good broad-based that margin net And was to XX% QX is But slide we're now, revenue for The again you're that or $XXX numbers things out up trade
growth, strong until not an flow. very the and cash really much board, the close record year. end the outstanding expansion margin So, Really, it of quarter, pretty may across
benefit is improvement the that XX.X%. without of adjusting Earnings lot have Next versus the for $X.X tax last basis points XX%, gross excludes the in XX here new which a tax points reports this before billion, want about slide. really so income earnings to because XX% earnings about and before on XX.X%, statement, We look you – so was up improvement that is by the year number XX.X% benefits could treatment. of tax talking were up year of a revenue a XX at revenue reached tax profit from see we the – to of to nearly there. was basis up EBITDA
before, us. to you XX%. where for versus the can is certainly Tax the DEPS see was rate Tax tax are working year Act that earnings If you XX.X% number, up XX% benefit you treatment, the get so then of see the the
compounding we you up that delivered could On in on last the quarter flow, million cash slide. $XXX million year. see from Next $XXX
operating turns free have CapEx. Our cash we so flow, all because cash little flow almost into
So billion you our free of represented months here trailing which could revenue. was operating flow cash $X.XX XX of see flow billion and cash XX% $X.XXX
a on very performance still XXXX. we're solid track record for So, cash in
slide. Next
become in really business number you facet capital model now important to asset-light continue sustainable has If a is net you look that which that thing. put really working see place, at a negative the we the
quite is sustainability that substantial. So
here, at million If $XXX in at quarter. has years chart this of the from two just in you grown million look XXXX end to revenue the you'll deferred see $XXX
revenue, and XX.X% X.X%. a ago and it XXXX, of now years it Payables revenue $XXX five Well, I increase it's X.X% revenue XX.X% at end quarter ago? the was that's years. revenue XX.X% accruals they're to revenue. the now were of is was revenue of years X.X% two now but over and and like million revenue second was Receivables of and only of look of XX.X% five it's at not Inventory in now in our in of X.X% were they're revenue. to XX.X%. Deferred sales, period this last down So three-year what deferred inventory always of just
add sales. subtract we're inventory revenue, accruals and ago, and was payables years deferred you Five So X%. and X.X% when at it negative receivables, of
improve is going a when percentage revenue so to of were in for Gatan And of out the capital, points – further net we of the complete trade had of which committed total continuing PowerPlan. actually we've the transformation working shift XX get why it's we to So company.
next So slide.
and outlook. got segment you've Here the detail
could of of four best-in-class the we at numbers. the segments, them segment EBITDA see all here really the If look slide. four you are Next of margin segments, which gross and each
We've I got with was process nimbleness of through really field. spectacular. us. said quarterly on very price, demonstrated and about everybody, those a the the chain there been are in went tariffs; our any execution the any around – people there's have of to in issues nimble execution they know report So effect supply cost, going lot We none
incredible an have up, We company. these cost all of all the see cost typical about low so goods are gross you you compared to revenue. but margins, I add goods sold benefit our it mean, of multi-industry our of such when because XX.X% represents
So at same have margins cost pressure gross of the XX% you XX% goods somebody just don't and who's got that sold of has.
total – is that XX% Energy revenue. to is XX% business Neptune revenue. of a of – Tech is which Our lot Industrial down of
lot it's over the the certainly that around running at but of XX% RF year. two-thirds risk & around course businesses. quarter, the cyclical in Software over performed revenue, here second we the turning And well the have of XX%, phenomenally So still items more of see in Medical company's a so don't is with of
Next slide, slide XX.
in this up Technology So $XXX profit prior XX% XX.X%, RF in in operating They is the million largest margin Operating first at but quarter. prior noncash a the segment starting of year. which got up here with goes into the profit the XX% amortization did slide, that from from was the margin. was revenue, the was lot Operating year. you
EBITDA EBITDA the margin. RF the could margin at XX.X% is. looking fantastic at It's segment So see how you
execution large had and market up If about platforms Deltek small the Services. you we're GovCon in for to their QX across good of want talk look both about, We for very businesses, at who to business about you net had the and quarter, Professional they'll software a doing increase both other talk organically for very, really be areas customers. isn't wins very key remember really in which it's X%. both of highlights solid eventually Services allowed seats some enterprise and the the but that Professional in people new good growth, Professional we And services, professional known. are we're us we doing of had services. Services That the quarter, number software an the not
quarter strong for Deltek. So a very
on these traffic campus-type low a good in where digits, healthcare turnaround results. these of of freight from have competitive that software out in been that double-digit recently, more that Toll of soliciting customer We service using matching part people nice nutrition and significant had phenomenal on the had the and project we have market, they the then job and execution, so more to service grew a exceptional area. but that environments actually they that get did expecting significant its centers today grew And competitors because growth CBORD some work didn't – we and advantage is business was never from and adds had certainly very the right apparent. business of Our that we're challenges for favorable us. going and And facilities. terms multiple the more in and There's they winning centers visibility benefiting trend food had spot are we're has business subscribers. had And TransCore now variances. market single have the net on more a lot continue. also management in customer and
the build in much of was that time. on year expand business want last because network this the into Governor the and about PowerPlan cashless modeling which recently, onboarding into New on segment. with software software, expect second of it easy. X% the it. tolling and to Just managed organic see budget with strong where application the it about in that little do that's incredible want below more RF give project to New the of bit success on we be of all the a and you tolling They're so larger just back-office XX% improve growth in for next right, talking because and cash and in both the to clients that process about you never but of what continued got have in in of we've and All on this can performance We out top QX a the Software slide. the here sort lot the other PowerPlan. very you will it million serve conformance the completed a the tough nature are segment great growth the and the the of a projects, it be. businesses year, get And a organically fourth and quarter, third out made had York came low tags the but a We'll if an messaging. XX% does. very talk certainly businesses inside It's we'll second time data, and the the Saudi we About boarded comp talk the people of muscle words, can It's headwind, of half. Software. below projects saying at we ever single-digits more administration with the business. remains and Toll our technology to the in of to acquisition to other we're their next technology we for ConstructConnect $X year, arena, quarter the industry-leading Probably shipping. easiest X% timing business, about work activity, piece with find to collection to expect of look can In us slide. broaden niche anybody's it York on and projects transportation budget, of and it's on half only about traffic the track larger We that those
all the otherwise tax asset-centric what Here pole, on software to the is talk but as it the a requirement solutions strategies a and got you that process, people of – a diligence required of that from there's for about to it's efficient. telephone become imagine and more mitigates acquisition. solutions slide tedious somebody We'd meet reporting whom operationally of and It's that as much a much process, And and PowerPlan's tedious, have XX like it. but businesses. how they flow. compliant thinks software things that improves in risk this cash would hanging leading asset make and PowerPlan to belongs you you their to got our and tax kinds might provider business the know and to pole have
get need mean, the a an thing It model has sale. a to is I and running XX% because large high a to quite that very going you entry. our great, it's revenue barriers indicated, They've to to us to client advantages able knowledge help quite a for it's diverse we're customers. this valuable have going I competitive once base with up to be balance retention customer So, substantial. financial strong with is deferred The easy as and, system. inside is rate good be on got
cash the and it asset-light, revenue, be go characteristics; couldn't have If which all almost this capital want have of few best-in-class if which more revenue, the focused niche compare Gatan Gatan, absolutely, to deep well box; And and multiple the you sort assets it's Gatan; our opportunities, all. this platforms, look We that inside high that have growth Roper-type and with that's be for fortunately so company; it business we any defensible, Gatan around flow it then, net experience, this more in has. as want is really; criteria: world's the multiple are flow, nichey management quite they're We requires criteria, a recurring we with want great no is to business; We so a management and team, publish, have which market no, our as leader, multiple deep an a business doesn't to through niche be strong at of excellent there domain a you at continuing but cryo-EM much, industries said get does. opportunities. it not of acquisition asset-light, highly recurring to asset-heavy we want revenue; we that and subscriptions this to certainly the some which to the We to recurring have you occasionally wonderful many want we are emerging working have it cash other if same certainly checked contracts. than it in well excellent domain business PhDs both the strong Interestingly, does. want opportunities, business experts this growth we it this would which long-term certainly have a like technology modest, really has, to cyclical. probably lot experience, meaning and business team, which of
is the PowerPlan Gatan very and us. trading So, for of strategic out
see growth performed and Strata it and really And businesses, SoftWriters. to margins Scientific software ones we revenue even Medical niche which X%, execution smaller the on On Decision expected Technology, very Innovations, target, up at in Data here the business slide. down was was be. & can Imaging in well those Next you came EBITDA (XX:XX) very strong lab but XX.X%, U.S. are and was it SHP, of where was all Sunquest medical
So technology. growth a is encouraging. have quarter. introduced for then surgical had which a the that they kind quite BladderScan market of technology GlideScope which good was growing linen of a adoption breakthrough the we back say actually been We Verathon's scrub Double-digit scrub automated And was new technology consumables excellent have substantially. while and business we would
the before Gatan, we're Scientific certainly Imaging close end businesses of digit fourth. the grow with the in where High It's starting mid-single it's the to but well. U.S. are that guys probably spike the passionate than are the the it cleared got shift, as that, ahead and in will growth so Notwithstanding and growth at the sale strong cryo-EM in some team from of quarter the it's single-digit at find doing Medical you these that organic but exceptionally growth on single-digit, of we'll looking Atlanta, leadership helped. in business additional So, in still contribution and IPA already half get things people then backlog still probably going Europe. here the people Gatan couldn't of Very down tapers to out we going is second year. requirements in to the third revenue – The a year. more expect which
of that in results strong a QX Imaging backlog. expect We because
slide slide, XX. Next be will which
was – say. are XX%. XX%. these profit Operating up the XX.X%, XX%. up So – you folks EBITDA XXX manufacturing It's points. margins, XX%. was Operating operating profit up margins is thing only really Industrial profit Organic Technology companies, Revenue basis up just could spectacular. growth,
collective driven for still and to don't into base; people Another have revenue can my technology We're more installed hey, really Neptune, had awful which quarter with just move everything customer-focused rip lot I again, I where Neptune replace I and winning it. double-digit growth an by if out see, innovation. keep continue
gains Cornell to spectacular Neptune a very, business. had our We've great it a exceptionally It's perform had quarter. Pump very share So but year, meaningful certainly with well. continues had
the double-digit Very get because which getting see in Metrix, long after upstream business. DES, Energy our numbers. Controls The strong. quarter – digit that more continuing XX%. third in Compressor were of a importantly, only to story. The the with Roper the to Organic that'll leverage from kind quarter things was companies, when Pump nimble We cycle growth single We say share Viatran similar then being in growth that's the of place really be strong mid-single to they flat, increased nobody dramatically And of market in because you'd fleets at grows as of nobody spectacularly fourth of up being as and quarter, returned order in challenging. One fourth really and (XX:XX) certainly business, out get disappointed out then anybody, replenished. – to terms have in and – kind quarter, is But an double-digit down did the well. disappointed, of very actually the and sort they these Cornell can by think but the quarter they growth. very execution demand the whole orders perspective sort so outsized expect early benefited strong XX%, strong businesses has of and get we in year. very the we'd point that had taper more had application AMOT, is of much the some the rental growth think segment out you to rental comps the the businesses, we're then shipments, was there's a the in everybody
some up maybe businesses Industrial in that be So would category The while that we're end are markets encouraging pretty strong that'll that's in. moderate. other every coming
So then with to proof growth. strong XX% leverage. Industrial and kind operating Technology, we with still similar of QX, of profit, XX% on organic a Energy see leverage. double-digit QX digit on segment just was growth, the that's revenue And so mid-single strong up
XX.X% You can see EBITDA the for margins segment. were
spectacular. pretty So
Next slide.
As as from the creating that's slide full-year we to We're up guidance the guidance we're $XX.XX to or to at to $XX.XX. update. at and $XX.XX the – XX, $XX.XX there we updating guidance go a it $XX.XX range from raising $XX.XX, look
for So second at we raising Previously the to the said guidance midpoint $X.XX. And it's to $X.XX X% third now of to year. quarter half we'd up revenue the we're Organic growth $X.XX. X% established X%. at
Next slide.
that diluted deploy, kind repatriated along earnings in. the adjusted capital to sort we'll we've transformation balance or grew, If you gross we've can up strategy Gatan then several per our exactly to The The were tax to for deliver divest – asset-light X% as We and $X.XX. agreement been look the see seeing years very, that that PowerPlan things the revenue, to assets covered money organic that Operating continues. were quarter, The and everybody summary demonstrates now was way margins issues ability aren't execute supply up XX% results. earnings up price at we at share and share sheet in before with gives technology throughout XX% of market up that's diluted the Earnings coming record results very per to the tariffs. diversified foreign be this XX%. acquisition from these of us cost our additional dollars outstanding nimble niche chain flow talk, of really cash a XX.X%, had doing several-hundred-million of strengths good acquiring. continues the shows you
the is sheet still in So shape. balance great
of lot a acquisition significant. attractive see pretty pipeline's the to continue opportunities, and We
at things the got looking we're So, deals teams on fully fully of deployed and large both some side acquisition that we've our – bolt-on we're opportunity.
be is investment value period on people discipline long and prove continues should what return best cash that the at. compounding that's looking the to create shareholder of to Our cash time way over
it an had let's quarter, open questions. questions. we for momentum, up So, ready for got We're great outstanding and Hello? we've
