Jun-Yi Xie's questions to UL Solutions Inc (ULS) leadership • Q2 2025
Question
Jun-Yi Xie of Wells Fargo & Company inquired about a recent competitor's acquisition, the company's M&A pipeline, and the reasons for the organic growth moderation in the Software and Advisory segment.
Answer
President & CEO Jennifer Scanlon stated that UL Solutions remains disciplined and active in M&A, evaluating deals based on strategic fit with their product TIC focus. She explained the Software and Advisory moderation was due to weakness in the advisory business, specifically in US renewables and healthy buildings, while noting the software business itself grew 6% organically.