Exhibit



Contact Information: Investor Relations 941-556-2601 investor-relations@ropertech.com	Roper Technologies, Inc.

Roper Technologies Announces New Segment Structure

Sarasota, Florida, March 4, 2019 ... Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, announced today that it has realigned its reportable segments.

The four new reportable segments are as follows:


•	Application Software - Aderant, CBORD, CliniSys, Data Innovations, Deltek, Horizon, IntelliTrans, PowerPlan, Strata, Sunquest


•	Network Software & Systems - ConstructConnect, DAT, Inovonics, iTradeNetwork, Link Logistics, MHA, RF IDeas, SHP, SoftWriters, TransCore


•	Measurement & Analytical Solutions - Alpha, CIVCO Medical Solutions, CIVCO Radiotherapy, Dynisco, FMI, Gatan, Hansen, Hardy, IPA, Logitech, Neptune, Northern Digital, Struers, Technolog, Uson, Verathon


•	Process Technologies - AMOT, CCC, Cornell, FTI, Metrix, PAC, Roper Pump, Viatran, Zetec

"Our new segments reinforce Roper’s diversified, niche market strategy by emphasizing business models instead of end markets," said Neil Hunn, Roper's President and CEO. "The day-to-day operations of our businesses, our organizational structure, and our strategy remain unchanged. We look forward to reporting our results using these new segments.”

Beginning with the first quarter of 2019, the Company will report its quarterly and full year financial statements under the new segment structure with prior periods recast to reflect the change.

The Company will present at two investor conferences later this week and will discuss the new reportable segments as part of those presentations. Links to the webcast presentations will be available in the “Investors” section of the Company’s website at www.ropertech.com.

Use of Non-GAAP Financial Information

The Company supplements its consolidated financial statements presented on a GAAP basis with certain non-GAAP financial information to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial schedules or tables. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated.

Unaudited Historical Financial Information

The Company has included below unaudited historical financial segment information for the four quarters 2017 and 2018 and full years 2016, 2017 and 2018 recast to give effect to the new reportable segment structure. Roper’s historical consolidated results remain unchanged.



Table 1: GAAP Segment Financials ($M)
(Unaudited)
	2016			2017															2018
	FY			Q1			Q2			Q3			Q4			FY			Q1			Q2			Q3			Q4			FY
Revenue
Application Software	$	699		$	284		$	300		$	311		$	327		$	1,222		$	324		$	358		$	378		$	392		$	1,453
Network Software & Systems	1,104			297			313			325			320			1,254			314			334			342			355			1,345
Measurement & Analytical Solutions ^A	1,456			371			379			373			408			1,531			404			426			430			446			1,706
Process Technologies	530			134			143			151			173			600			161			176			169			182			688
Total	$	3,790		$	1,086		$	1,135		$	1,160		$	1,227		$	4,607		$	1,203		$	1,294		$	1,319		$	1,376		$	5,191

Gross Profit
Application Software	$	466		$	180		$	197		$	206		$	214		$	798		$	214		$	243		$	256		$	259		$	972
Network Software & Systems	707			194			205			218			218			835			213			225			237			244			919
Measurement & Analytical Solutions ^A	864			219			224			216			235			894			234			250			253			263			1,001
Process Technologies	295			75			79			86			98			338			90			98			94			106			388
Total	$	2,332		$	668		$	706		$	726		$	765		$	2,865		$	750		$	816		$	840		$	873		$	3,280

Operating Profit
Application Software	$	210		$	51		$	72		$	76		$	79		$	279		$	70		$	98		$	98		$	92		$	358
Network Software & Systems	403			96			105			118			120			439			106			116			128			135			484
Measurement & Analytical Solutions ^A	419			107			111			105			123			446			115			128			136			144			524
Process Technologies	150			39			43			49			57			188			50			58			57			69			234
Corporate	(128		)	(34		)	(38		)	(38		)	(32		)	(142		)	(42		)	(45		)	(41		)	(75		)	(204		)
Total	$	1,055		$	258		$	294		$	311		$	347		$	1,210		$	300		$	354		$	378		$	364		$	1,396



Table 2: Adjusted Segment Financials ($M)
(Unaudited)
	2016			2017															2018
	FY			Q1			Q2			Q3			Q4			FY			Q1			Q2			Q3			Q4			FY
Revenue
Application Software	$	707		$	301		$	313		$	321		$	334		$	1,269		$	326		$	360		$	380		$	394		$	1,461
Network Software & Systems	1,111			303			316			326			321			1,265			314			334			342			355			1,345
Measurement & Analytical Solutions ^A	1,456			371			379			373			408			1,531			404			426			430			446			1,706
Process Technologies	530			134			143			151			173			600			161			176			169			182			688
Total	$	3,805		$	1,108		$	1,151		$	1,171		$	1,235		$	4,665		$	1,205		$	1,296		$	1,321		$	1,378		$	5,199

Gross Profit
Application Software	$	475		$	196		$	210		$	217		$	221		$	845		$	216		$	245		$	258		$	261		$	980
Network Software & Systems	714			200			208			219			219			846			213			225			237			244			919
Measurement & Analytical Solutions ^A	864			219			224			216			235			894			234			250			253			263			1,001
Process Technologies	295			75			79			86			98			338			90			98			94			106			388
Total	$	2,348		$	689		$	722		$	738		$	773		$	2,922		$	753		$	818		$	842		$	874		$	3,287

Operating Profit
Application Software	$	218		$	66		$	84		$	85		$	86		$	321		$	73		$	100		$	100		$	93		$	365
Network Software & Systems	410			101			108			119			120			449			106			116			128			135			484
Measurement & Analytical Solutions ^A	419			107			111			105			123			446			115			128			136			144			524
Process Technologies	150			39			43			49			57			188			50			58			57			69			234
Corporate	(121		)	(34		)	(38		)	(38		)	(32		)	(142		)	(42		)	(45		)	(41		)	(40		)	(169		)
Total	$	1,076		$	278		$	309		$	321		$	354		$	1,262		$	303		$	356		$	379		$	401		$	1,439

EBITDA
Application Software	$	305		$	110		$	129		$	132		$	133		$	504		$	121		$	151		$	156		$	150		$	578
Network Software & Systems	494			127			134			144			144			549			130			140			153			159			582
Measurement & Analytical Solutions ^A	474			119			123			117			135			494			127			139			146			154			567
Process Technologies	165			42			46			53			61			202			54			61			60			72			246
Corporate	(121		)	(34		)	(38		)	(37		)	(32		)	(141		)	(41		)	(45		)	(41		)	(40		)	(168		)
Other Income / (Expense)	(1		)	(1		)	(1		)	(1		)	—			(3		)	(2		)	2			(2		)	1			—
Total	$	1,315		$	362		$	394		$	407		$	441		$	1,605		$	389		$	449		$	473		$	496		$	1,806



Table 3: Adjusted Revenue Growth
(Unaudited)

Application Software
	2017										2018
	Q1		Q2		Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
Organic Growth	6	%	4	%	3	%	1	%	4	%	3	%	7	%	4	%	7	%	5	%
Acquisitions/Divestitures	73	%	77	%	77	%	77	%	76	%	4	%	7	%	15	%	11	%	9	%
Foreign Exchange	(1	)%	(1	)%	—	%	1	%	—	%	2	%	1	%	—	%	(1	)%	—	%
Total Revenue Growth	78	%	79	%	81	%	80	%	79	%	9	%	15	%	18	%	18	%	15	%



Network Software & Systems
	2017										2018
	Q1		Q2		Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
Organic Growth	2	%	6	%	4	%	(1	)%	3	%	3	%	4	%	3	%	9	%	5	%
Acquisitions/Divestitures	14	%	14	%	14	%	4	%	11	%	—	%	2	%	2	%	2	%	2	%
Foreign Exchange	—	%	—	%	—	%	—	%	—	%	—	%	—	%	—	%	—	%	—	%
Total Revenue Growth	16	%	20	%	17	%	3	%	14	%	4	%	6	%	5	%	11	%	6	%



Measurement & Analytical Solutions ^A
	2017										2018
	Q1		Q2		Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
Organic Growth	7	%	4	%	2	%	6	%	5	%	6	%	11	%	16	%	10	%	11	%
Acquisitions/Divestitures	1	%	—	%	—	%	—	%	—	%	—	%	—	%	—	%	—	%	—	%
Foreign Exchange	(1	)%	(1	)%	1	%	2	%	—	%	3	%	2	%	—	%	(1	)%	1	%
Total Revenue Growth	6	%	3	%	3	%	8	%	5	%	9	%	12	%	15	%	9	%	11	%



Process Technologies
	2017										2018
	Q1		Q2		Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
Organic Growth	5	%	13	%	15	%	16	%	13	%	16	%	20	%	13	%	7	%	14	%
Acquisitions/Divestitures	—	%	—	%	1	%	1	%	—	%	1	%	1	%	—	%	—	%	—	%
Foreign Exchange	(1	)%	(1	)%	1	%	2	%	—	%	3	%	2	%	(1	)%	(1	)%	1	%
Total Revenue Growth	4	%	12	%	17	%	19	%	13	%	20	%	23	%	12	%	6	%	15	%



Roper Consolidated ^A
	2017										2018
	Q1		Q2		Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
Organic Growth	5	%	6	%	5	%	5	%	5	%	6	%	9	%	9	%	9	%	8	%
Acquisitions/Divestitures	18	%	18	%	19	%	15	%	18	%	1	%	2	%	5	%	4	%	3	%
Foreign Exchange	(1	)%	(1	)%	1	%	1	%	—	%	2	%	1	%	—	%	(1	)%	—	%
Total Revenue Growth	22	%	23	%	24	%	21	%	23	%	9	%	13	%	13	%	12	%	11	%



Table 4: Adjusted Segment & Consolidated Financials Reconciliation
(Unaudited)

Application Software Reconciliation ($M)
	2016			2017															2018
	FY			Q1			Q2			Q3			Q4			FY			Q1			Q2			Q3			Q4			FY
GAAP Revenue	$	699		$	284		$	300		$	311		$	327		$	1,222		$	324		$	358		$	378		$	392		$	1,453
Purchase accounting adjustment to acquired deferred revenue	8			16			13			10			7			47			2			2			2			1			8
Adjusted Revenue	707			301			313			321			334			1,269			326			360			380			394			1,461

GAAP Gross Profit	466			180			197			206			214			798			214			243			256			259			972
Purchase accounting adjustment to acquired deferred revenue	8			16			13			10			7			47			2			2			2			1			8
Adjusted Gross Profit	475			196			210			217			221			845			216			245			258			261			980
Adjusted Gross Margin	67.1		%	65.3		%	67.1		%	67.4		%	66.3		%	66.5		%	66.3		%	68.0		%	67.8		%	66.2		%	67.1		%

GAAP Operating Profit	210			51			72			76			79			279			70			98			98			92			358
Purchase accounting adjustment to acquired deferred revenue & commission expense	8			15			12			9			7			42			2			2			2			1			7
Adjusted Operating Profit	218			66			84			85			86			321			73			100			100			93			365
Adjusted Operating Margin	30.8		%	22.0		%	26.7		%	26.5		%	25.7		%	25.3		%	22.3		%	27.7		%	26.2		%	23.7		%	25.0		%

Amortization	81			39			41			42			42			165			44			46			52			51			193
Depreciation	6			5			4			5			5			19			5			5			5			5			20
Adjusted EBITDA	305			110			129			132			133			504			121			151			156			150			578
Adjusted EBITDA Margin	43.1		%	36.6		%	41.2		%	41.1		%	39.8		%	39.7		%	37.2		%	41.8		%	41.0		%	38.1		%	39.6		%



Network Software & Systems Reconciliation ($M)
	2016			2017															2018
	FY			Q1			Q2			Q3			Q4			FY			Q1			Q2			Q3			Q4			FY
GAAP Revenue	$	1,104		$	297		$	313		$	325		$	320		$	1,254		$	314		$	334		$	342		$	355		$	1,345
Purchase accounting adjustment to acquired deferred revenue	7			5			3			1			1			10			—			—			—			—			—
Adjusted Revenue	1,111			303			316			326			321			1,265			314			334			342			355			1,345

GAAP Gross Profit	707			194			205			218			218			835			213			225			237			244			919
Purchase accounting adjustment to acquired deferred revenue	7			5			3			1			1			10			—			—			—			—			—
Adjusted Gross Profit	714			200			208			219			219			846			213			225			237			244			919
Adjusted Gross Margin	64.3		%	65.9		%	66.0		%	67.3		%	68.3		%	66.9		%	67.8		%	67.5		%	69.2		%	68.7		%	68.3		%

GAAP Operating Profit	403			96			105			118			120			439			106			116			128			135			484
Purchase accounting adjustment to acquired deferred revenue	7			5			3			1			1			10			—			—			—			—			—
Adjusted Operating Profit	410			101			108			119			120			449			106			116			128			135			484
Adjusted Operating Margin	36.9		%	33.5		%	34.4		%	36.5		%	37.5		%	35.5		%	33.8		%	34.6		%	37.4		%	37.9		%	36.0		%

Amortization	75			23			23			22			21			89			22			22			22			22			87
Depreciation	9			3			3			3			3			11			3			3			3			3			11
Adjusted EBITDA	494			127			134			144			144			549			130			140			153			159			582
Adjusted EBITDA Margin	44.5		%	41.9		%	42.5		%	44.1		%	45.1		%	43.4		%	41.5		%	42.0		%	44.7		%	44.7		%	43.3		%



Measurement & Analytical Solutions Reconciliation ($M) ^A
	2016		2017										2018
	FY		Q1		Q2		Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
GAAP Revenue	1,456		371		379		373		408		1,531		404		426		430		446		1,706
GAAP Gross Profit	864		219		224		216		235		894		234		250		253		263		1,001
GAAP Gross Margin	59.3	%	58.9	%	59.0	%	58.0	%	57.7	%	58.4	%	57.9	%	58.7	%	59.0	%	59.0	%	58.7	%

GAAP Operating Profit	419		107		111		105		123		446		115		128		136		144		524
GAAP Operating Margin	28.8	%	28.7	%	29.3	%	28.2	%	30.2	%	29.1	%	28.6	%	30.1	%	31.7	%	32.3	%	30.7	%

Amortization	39		9		8		8		8		33		8		8		7		7		29
Depreciation	15		4		3		3		3		14		4		4		3		3		13
EBITDA	474		119		123		117		135		494		127		139		146		154		567
EBITDA Margin	32.5	%	32.0	%	32.5	%	31.4	%	33.0	%	32.2	%	31.4	%	32.8	%	34.1	%	34.5	%	33.2	%



Process Technologies Reconciliation ($M)
	2016		2017										2018
	FY		Q1		Q2		Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
GAAP Revenue	530		134		143		151		173		600		161		176		169		182		688
GAAP Gross Profit	295		75		79		86		98		338		90		98		94		106		388
GAAP Gross Margin	55.6	%	56.0	%	55.6	%	56.8	%	56.5	%	56.3	%	56.0	%	55.6	%	55.9	%	58.3	%	56.4	%

GAAP Operating Profit	150		39		43		49		57		188		50		58		57		69		234
GAAP Operating Margin	28.3	%	28.9	%	30.3	%	32.5	%	33.3	%	31.4	%	31.3	%	32.8	%	33.7	%	37.7	%	34.0	%

Amortization	9		2		2		2		2		8		2		2		2		2		9
Depreciation	6		1		1		1		1		5		1		1		1		1		4
EBITDA	165		42		46		53		61		202		54		61		60		72		246
EBITDA Margin	31.2	%	31.5	%	32.5	%	34.8	%	35.3	%	33.6	%	33.4	%	34.6	%	35.6	%	39.4	%	35.8	%



Roper Consolidated Reconciliation ($M) ^A
	2016			2017															2018
	FY			Q1			Q2			Q3			Q4			FY			Q1			Q2			Q3			Q4			FY

GAAP Revenue	$	3,790		$	1,086		$	1,135		$	1,160		$	1,227		$	4,607		$	1,203		$	1,294		$	1,319		$	1,376		$	5,191
Purchase accounting adjustment to acquired deferred revenue	15			22			16			12			8			57			2			2			2			1			8
Adjusted Revenue	3,805			1,108			1,151			1,171			1,235			4,665			1,205			1,296			1,321			1,378			5,199

GAAP Gross Profit	2,332			668			706			726			765			2,865			750			816			840			873			3,280
Purchase accounting adjustment to acquired deferred revenue	15			22			16			12			8			57			2			2			2			1			8
Adjusted Gross Profit	2,348			689			722			738			773			2,922			753			818			842			874			3,287
Adjusted Gross Margin	61.7		%	62.2		%	62.7		%	63.0		%	62.6		%	62.6		%	62.5		%	63.1		%	63.8		%	63.5		%	63.2		%

GAAP Operating Profit	1,055			258			294			311			347			1,210			300			354			378			364			1,396
Purchase accounting adjustment to acquired deferred revenue & commission expense	15			20			15			10			7			52			2			2			2			1			7
One-time accelerated vesting charge & significant acquisition-related expenses	6			—			—			—			—			—			—			—			—			35			35
Adjusted Operating Profit	1,076			278			309			321			354			1,262			303			356			379			401			1,439
Adjusted Operating Margin	28.3		%	25.1		%	26.8		%	27.4		%	28.7		%	27.1		%	25.1		%	27.5		%	28.7		%	29.1		%	27.7		%

Amortization	203			73			74			74			74			295			75			78			83			82			318
Depreciation	37			12			12			12			13			50			13			13			12			12			50
GAAP Other Income / (Expense)	(2		)	(1		)	7			(1		)	—			5			(2		)	2			(18		)	1			(16		)
Debt extinguishment charge	1			—			—			—			—			—			—			—			16			—			16
Gain on sale of divested energy product line, net of impairment on minority investment	—			—			(8		)	—			—			(8		)	—			—			—			—			—
Adjusted EBITDA	1,315			362			394			407			441			1,605			389			449			473			496			1,806
Adjusted EBITDA Margin	34.6		%	32.7		%	34.3		%	34.8		%	35.7		%	34.4		%	32.3		%	34.6		%	35.8		%	36.0		%	34.7		%

All periods include the results of Princeton Instruments, Photometrics and Lumenera, as well as other brands (collectively the "Scientific Imaging" businesses). The Company closed on its sale of the Scientific Imaging businesses to Teledyne Technologies Incorporated on February 5, 2019.

Note: Numbers may not foot due to rounding.

About Roper Technologies

Roper Technologies is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets. Additional information about Roper is available on the Company’s website at www.ropertech.com.

The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes," "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, the newly acquired businesses. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, environmental compliance costs and liabilities, risks and cost associated with asbestos related litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

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