UL Solutions Inc

ULS

Equity

ISIN US9037311076 / Valor 130878581

New York Stock Exchange, Inc (2025-03-28)

USD 55.69+0.22%

UL Solutions Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

UL Solutions Inc. is a prominent global entity specializing in applied safety science, providing a comprehensive range of services that include testing, inspection, and certification. The company operates in over 110 countries, assisting businesses in navigating safety, security, and sustainability challenges. UL Solutions supports its clients by offering software and advisory services that facilitate product innovation and business expansion. The company's expertise enables businesses to demonstrate safety, enhance sustainability, strengthen security, ensure quality, manage risk, and comply with regulatory standards. Through its extensive service offerings, UL Solutions plays a crucial role in helping companies meet industry standards and achieve their operational goals.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

UL Solutions Inc. reported a strong revenue growth of 8.1% for the third quarter of 2024, reaching $731 million compared to $676 million in the same quarter of 2023. This growth includes a 9.3% increase in organic revenue, with significant contributions from the Industrial and Consumer segments.

Net Income Increase

The company achieved a net income of $94 million in the third quarter of 2024, marking a substantial increase of 64.9% from $57 million in the third quarter of 2023. The net income margin also improved to 12.9% from 8.4% in the previous year.

Adjusted EBITDA Performance

UL Solutions Inc. reported an adjusted EBITDA of $183 million for the third quarter of 2024, representing a 12.3% increase from $163 million in the same period of 2023. The adjusted EBITDA margin expanded by 90 basis points to 25.0%, driven by higher revenue and effective expense management.

Cash Flow and Dividends

For the first nine months of 2024, UL Solutions Inc. generated $394 million in net cash from operating activities, up from $341 million in the same period of 2023. The company also paid a dividend of $25 million during the third quarter of 2024, reflecting its strong cash flow profile.

Full-Year 2024 Outlook

UL Solutions Inc. has strengthened its full-year 2024 financial outlook, expecting mid-to-high single-digit constant currency organic revenue growth. The company anticipates continued adjusted EBITDA margin improvement and plans to allocate 8.0 to 8.5% of revenue to capital expenditures, while pursuing strategic acquisitions and portfolio refinements.

Summarized from source with an LLMView Source

Key figures

%1Y

%3Y

%5Y

Performance

27.1%1Y

27.1%3Y

27.1%5Y

Volatility