Earnings ·
UL Solutions reports Q3 revenue of $823 million and raises full-year organic growth outlook to 6.5%
ULSUL Solutions Inc.
UL Solutions Inc. reported third-quarter results with revenue increasing 5.1% to $823 million, driven by 7.0% organic growth led by its Industrial and Consumer segments. Net income rose 10.4% to $117 million, while adjusted diluted earnings per share increased 10.7% to $0.62. Adjusted EBITDA grew 8.3% to $235 million with margin expansion to a record 28.6%. The company strengthened its full-year organic revenue growth outlook to approximately 6.5% and reaffirmed its adjusted EBITDA margin target of roughly 27.0%. UL Solutions operates in the testing, inspection, certification, and risk compliance software industry.