Earnings summaries and quarterly performance for UL Solutions.
Executive leadership at UL Solutions.
Jennifer Scanlon
Detailed
President and Chief Executive Officer
CEO
AU
Alberto Uggetti
Detailed
Executive Vice President and Chief Commercial Officer
AD
Alex Dadakis
Detailed
Executive Vice President and President, Testing, Inspection and Certification
JG
John Genovesi
Detailed
Executive Vice President and President, Software & Advisory
LC
Linda Chapin
Detailed
Executive Vice President and Chief Human Resources Officer
LH
Lynn Hancock
Detailed
Executive Vice President and Chief Transformation Officer
RR
Ryan Robinson
Detailed
Executive Vice President and Chief Financial Officer
SD
Scott D’Angelo
Detailed
Chief Legal Officer
GS
Gitte Schjøtz
Executive Vice President and Chief Business Operations and Innovation Officer
Board of directors at UL Solutions.
CH
Charles Hooper
Detailed
Director
ET
Elisabeth Tørstad
Detailed
Director
FH
Friedrich Hecker
Detailed
Director
GW
George Williams
Detailed
Director
JD
James Dollive
Detailed
Director
JS
James Shannon
Detailed
Chair of the Board
KK
Kevin Kennedy
Detailed
Director
MG
Marla Gottschalk
Detailed
Director
MT
Michael Thaman
Detailed
Director
SS
Sally Susman
Detailed
Director
VK
Vikram Kini
Detailed
Director
Research analysts who have asked questions during UL Solutions earnings calls.
AN
Andrew Nicholas
William Blair & Company
6 questions for ULS
Also covers: AMTD, CBZ, CLVT +16 more
Stephanie Moore
Jefferies
6 questions for ULS
Also covers: APG, ARCB, ARMK +30 more
AS
Andrew Steinerman
JPMorgan Chase & Co.
5 questions for ULS
Also covers: ARMK, BFAM, CTAS +16 more
Arthur Truslove
Citi
4 questions for ULS
Also covers: EFX
George Tong
Goldman Sachs
4 questions for ULS
Also covers: ADT, BCO, BFAM +25 more
Jason Haas
Wells Fargo
4 questions for ULS
Also covers: ASGN, CTAS, ECL +12 more
SR
Shlomo Rosenbaum
Stifel, Nicolaus & Company, Incorporated
4 questions for ULS
Also covers: ARMK, CCC, CCCS +19 more
JC
Joshua Chan
UBS Group AG
3 questions for ULS
Also covers: ABM, APG, ARMK +16 more
A
Adam
RBC Capital Markets
2 questions for ULS
Also covers: CE
AJ
Andrew J. Wittmann
Robert W. Baird & Co.
2 questions for ULS
Also covers: ABM, ACM, APG +17 more
AW
Andy Whitman
Baird
2 questions for ULS
Also covers: BBCP, BV, ECL
AW
Anna Wu
Goldman Sachs
2 questions for ULS
Also covers: TRI, VSTS
AT
Arthur Turslove
Citigroup Inc.
2 questions for ULS
CN
Curtis Nagle
Bank of America
2 questions for ULS
Also covers: ACVA, APG, BMBL +16 more
HA
Harold Antor
Jefferies Financial Group Inc.
2 questions for ULS
Also covers: APG, ARMK, BFAM +9 more
John Yoo
Wells Fargo & Company
2 questions for ULS
JC
Josh Chen
UBS
2 questions for ULS
Also covers: ONC, XMTR
KF
Keen Fai Tong
Goldman Sachs Group Inc.
2 questions for ULS
Also covers: ADT, BCO, BFAM +21 more
SY
Stephanie Yee
JPMorgan Chase & Co.
2 questions for ULS
Also covers: BFAM, WCN
AW
Andy Wittman
Robert W. Baird & Co.
1 question for ULS
Also covers: APG, BV
AW
Andy Wittmann
Baird
1 question for ULS
Also covers: ABM, NVEE, TTEK
AC
Arthur Crosslaugh
Citi
1 question for ULS
BC
Brett Castelli
Morningstar
1 question for ULS
Also covers: AYI, BE, EVGO
DM
Daniel Maxwell
William Blair & Company, L.L.C.
1 question for ULS
Also covers: FA, PAYX
JC
Josh Chan
UBS
1 question for ULS
Also covers: BFAM, CTAS, EXPO +8 more
JX
Jun-Yi Xie
Wells Fargo & Company
1 question for ULS
Also covers: MSCI
Tom Ross
William Blair
1 question for ULS
Recent press releases and 8-K filings for ULS.
UL Solutions Reports Record 2025 Results and Provides 2026 Outlook
ULS
Earnings
Guidance Update
New Projects/Investments
- UL Solutions concluded a record year in 2025, with revenues of nearly $3.1 billion, up 6.4% (6.2% organic) compared to 2024. Adjusted EBITDA grew 20.7%, and the Adjusted EBITDA margin expanded 300 basis points to 25.9%. For Q4 2025, consolidated revenue was $789 million, up 6.8% (5.7% organic), with Adjusted EBITDA of $217 million (up 28.4%) and Adjusted diluted earnings per share of $0.53 (up from $0.49 in Q4 2024).
- The company provided a 2026 Adjusted EBITDA margin outlook of 26.5%-27% and expects capital expenditures to be approximately 7%-8% of revenue. UL Solutions also announced an 11.5% increase in its regular quarterly dividend.
- Strategic changes include a segment realignment, renaming the Software and Advisory segment to Risk and Compliance Software and moving advisory services (approximately 5% of 2025 consolidated revenue) to the Industrial segment. Additionally, the company is divesting its employee health and safety software business, which accounted for $56 million of software and advisory revenue in 2025 and is expected to close in Q2 2026.
- In 2025, UL Solutions invested $197 million in capital expenditures, opening new advanced facilities in Aachen, Germany; Cariate, Italy; and Ise, Japan, and expanding laboratories in Dongguan and Ningbo, China. The company also broke ground on a Global Fire Science Center of Excellence in Northbrook, Illinois, and two advanced automotive EMC testing facilities in Toyota City, Japan, and New Isenburg, Germany.
Feb 19, 2026, 1:30 PM
UL Solutions Reports Record 2025 Results, Provides Strong 2026 Outlook, and Announces Divestiture
ULS
Earnings
Guidance Update
M&A
- UL Solutions reported a record year in 2025, with full-year revenues of nearly $3.1 billion, up 6.4% (6.2% organic), and Adjusted EBITDA growing 20.7% to a 25.9% margin.
- In Q4 2025, consolidated revenue increased 6.8% to $789 million (5.7% organic), with Adjusted EBITDA rising 28.4% to $217 million, achieving a 27.5% margin. Adjusted diluted EPS was $0.53.
- The company generated $403 million in free cash flow for the full year 2025, up from $287 million in 2024, and increased its regular quarterly dividend by 11.5%.
- For 2026, UL Solutions forecasts mid-single digit consolidated organic revenue growth and an Adjusted EBITDA margin between 26.5%-27%.
- A strategic divestiture of the employee health and safety software business, which contributed $56 million to 2025 revenue, was announced for approximately $210 million, expected to close in Q2 2026.
Feb 19, 2026, 1:30 PM
UL Solutions Reports Record 2025 Results and Provides 2026 Outlook
ULS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- UL Solutions achieved record revenue and Adjusted EBITDA in 2025, with 6.4% revenue growth and an Adjusted EBITDA margin of 25.9%, exceeding its outlook.
- The company generated record Free Cash Flow of $403 million in 2025, marking a 40.4% increase from 2024.
- For Q4 2025, revenue growth was strong in the Industrial segment at 7.3% and Consumer segment at 8.4%, while Software and Advisory revenue remained in line with the prior year period.
- UL Solutions provided a Full-Year 2026 outlook expecting mid-single digit constant currency organic revenue growth and an Adjusted EBITDA margin improvement to between 26.5% and 27.0%.
Feb 19, 2026, 1:30 PM
UL Solutions Reports Record Full-Year 2025 Results and Provides 2026 Outlook
ULS
Earnings
Guidance Update
M&A
- UL Solutions reported a record full year 2025, with revenues of nearly $3.1 billion, up 6.4% (6.2% organic), and Adjusted EBITDA growing 20.7% with a margin of 25.9%. Q4 2025 consolidated revenue was $789 million, up 6.8% (5.7% organic), and Adjusted EBITDA increased 28.4% to a 27.5% margin.
- For 2026, the company expects consolidated organic revenue growth in the mid-single digit range and an improved Adjusted EBITDA margin of 26.5%-27%.
- The company announced the divestiture of its employee health and safety software business, which accounted for approximately $56 million of 2025 revenue, for approximately $210 million, expected to close in Q2 2026.
- In 2025, UL Solutions invested $197 million in capital expenditures, paid down $253 million in borrowing, and paid $104 million in dividends, with a planned 11.5% increase in the regular quarterly dividend for 2026.
Feb 19, 2026, 1:30 PM
UL Solutions Reports Strong Q4 and Full-Year 2025 Results, Announces 2026 Outlook, and Increases Dividend
ULS
Earnings
Guidance Update
Dividends
- UL Solutions Inc. reported full-year 2025 revenue of $3,053 million, a 6.4% increase, and Adjusted EBITDA of $792 million, up 20.7% from the prior year.
- For the fourth quarter of 2025, revenue grew 6.8% to $789 million, and Adjusted EBITDA increased 28.4% to $217 million.
- The company provided a 2026 growth outlook anticipating mid-single digit constant currency organic revenue growth and Adjusted EBITDA margin improvement to between 26.5% and 27.0%.
- UL Solutions Inc. increased its quarterly dividend by 11.5% to $0.145 per share for the first quarter of 2026.
- A definitive agreement was signed on February 12, 2026, to sell its Employee Health and Safety software business, with the transaction expected to close in the second quarter of 2026.
Feb 19, 2026, 12:00 PM
UL Solutions Inc. Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Outlook, and Increases Dividend
ULS
Earnings
Guidance Update
Dividends
- UL Solutions Inc. reported strong Q4 2025 revenue of $789 million, an increase of 6.8%, and full-year 2025 revenue of $3,053 million, up 6.4%.
- For Q4 2025, Adjusted Diluted EPS increased by 8.2% to $0.53 and Adjusted EBITDA grew by 28.4% to $217 million. Full-year 2025 saw Adjusted Diluted EPS of $1.99, up 17.1%, and Adjusted EBITDA of $792 million, up 20.7%.
- The company achieved record net cash flows provided by operating activities of $600 million for the full-year 2025.
- UL Solutions Inc. provided a 2026 growth outlook, projecting mid-single digit constant currency organic revenue growth and Adjusted EBITDA margin improvement to between 26.5% and 27.0%. The company also announced an increase in its quarterly dividend.
Feb 19, 2026, 11:56 AM
UL Solutions Inc. Selling Stockholder Completes Class A Common Stock Offering
ULS
- On December 3, 2025, UL Solutions Inc. entered into an underwriting agreement for the sale of its Class A common stock.
- The Selling Stockholder sold 12,500,000 shares of Class A common stock at a public offering price of $78.00 per share.
- The Selling Stockholder also granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Class A common stock.
- The offering closed on December 5, 2025, and UL Solutions Inc. did not receive any proceeds from the sale of these shares.
Dec 5, 2025, 9:05 PM
UL Solutions Discusses Industrial Growth, Capital Investments, and Margin Trends
ULS
New Projects/Investments
Revenue Acceleration/Inflection
Demand Weakening
- UL Solutions' industrial segment achieved double-digit revenue growth in 2023 and 2024, and is experiencing high single-digit revenue growth in 2025, driven by mega trends such as energy transition and the proliferation of electrical grid-connected devices, including data centers.
- The company is undertaking significant capital investments, including a new Fire Research Center of Excellence in Northbrook (expected online in 2027) and a new high-voltage electromagnetic compatibility testing lab in Japan, with the majority of spending for these projects anticipated in 2026.
- Industrial segment margins have seen impressive expansion due to operating leverage, footprint optimization, pricing initiatives, and international growth, while consumer segment margins, though inherently lower due to labor intensity, have crossed over 20% and are expected to continuously improve.
- In the last quarter, UL Solutions reported 7% revenue growth, with similar contributions from both price and volume in its testing activities.
Nov 18, 2025, 7:40 PM
UL Solutions Discusses Industrial Segment Growth, Margin Expansion, and Capital Investments
ULS
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- UL Solutions' industrial segment achieved double-digit revenue growth in 2023 and 2024, with high single-digit growth projected for 2025, primarily fueled by mega trends such as energy transition and the proliferation of data centers.
- The company is experiencing margin expansion in its industrial segment, attributed to operating leverage, footprint optimization, pricing initiatives, and international growth.
- UL Solutions is increasing its capital investment, with significant spending anticipated in 2026 for new facilities, including a high-voltage electromagnetic compatibility testing laboratory in Japan and a Fire Research Center of Excellence in Northbrook.
- In the most recent quarter, UL Solutions reported approximately 7% revenue growth, with similar contributions from both price and volume across its testing services.
Nov 18, 2025, 7:40 PM
UL Solutions Discusses Industrial Growth, Recurring Revenue, and Capital Investments
ULS
New Projects/Investments
Revenue Acceleration/Inflection
- UL Solutions' industrial segment achieved double-digit revenue growth in 2023 and 2024, and is experiencing high single-digit revenue growth this year (2025), driven by mega trends such as energy transition and data centers.
- 33% of UL Solutions' revenue is recurring, stemming from inspection and ongoing certification services.
- The industrial segment's margins are notably higher than consumer margins due to the inherently higher risk of industrial products and less human labor required for testing compared to consumer products.
- The company is increasing its capital investment pace, with significant spending anticipated in 2026 for new facilities, including a high-voltage electromagnetic compatibility testing lab in Japan and a Fire Research Center of Excellence in Northbrook.
- In the last quarter, 7% revenue growth was observed, with similar contributions from both price and volume in testing activities.
Nov 18, 2025, 7:40 PM
Quarterly earnings call transcripts for UL Solutions.
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