UL Solutions Q3 revenue $731M (+8.1%); adj. EBITDA margin 25.0%, raises FY outlook

UL Solutions Inc.

2024-Q3 EPS reported $1.22 revenue$2,131,000,000

Revenue $731M (+8.1% YoY); organic growth 9.3% led by Industrial (+11.7%) and Consumer segments.
Net income $94M ($0.44 dil. EPS); Adjusted net income $104M (+6.1%).
Adjusted EBITDA $183M (+12.3%); margin 25.0%, up 90 bps; cash from ops $394M YTD, FCF $215M.
Full-year financial outlook raised citing strong YTD performance; EV battery lab opened in Michigan; new Korea center planned.

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