Unknown Analyst's questions to UL Solutions Inc (ULS) leadership • Q1 2025
Question
An analyst from Wells Fargo asked if the tariff-related pull-forward in ongoing certification services continued into Q1 and inquired about the drivers behind the acceleration in the software business.
Answer
CFO Ryan Robinson confirmed that ongoing certification growth normalized to 5% in Q1 after a 12% surge in Q4 2024. CEO Jennifer Scanlon credited the software growth to a successful sales transformation and strong demand for new solutions in supply chain transparency and retail compliance.