Summary
UL Solutions Q2 Earnings Call Highlights
UL Solutions NYSE: ULS reported second-quarter 2026 revenue growth and record adjusted EBITDA, citing demand tied to electrification, automation, product innovation and AI data-center infrastructure. The company also reaffirmed its full-year outlook as it continues a restructuring program, expands laboratory capacity and pursues portfolio changes.
UL Solutions: A Test For The Test Business
UL Solutions remains a high-quality testing and certification business, but its shares have retreated from highs after Q2 results. Q2 saw 6.6% organic growth and 140 bps margin expansion, but rising stock-based compensation and higher capex pressure free cash flow. The Eurofins E&E acquisition adds a key growth engine, with manageable leverage and attractive deal multiples supporting the strategic rationale.
UL Solutions Inc. (ULS) Q2 2026 Earnings Call Transcript
UL Solutions Inc. (ULS) Q2 2026 Earnings Call Transcript
Ul Solutions Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 6 | $514 | $474.3 | -$39.7 | -7.72% |
 George Soros Soros Fund Management LLC | 333,960 | $19.44M | $25.87M | $6.43M | 33.07% |
| BG Bart Gancher Intech Investment Management LLC | 2,412 | $241,368.84 | $188,642.52 | -$52,726.32 | -21.84% |
| SS Sarah Saadeh CHESAPEAKE CAPITAL Corp. /IL/ | 6,179 | $437,843.9 | $566,243.56 | $128,399.66 | 29.33% |
| JN Joanna Nolan Martin Currie Ltd | 3,474 | $253,116 | $318,357.36 | $65,241.36 | 25.78% |
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Ul Solutions Inc. Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Jennifer F. Scanlon CEO | NYSE Exchange | 903731107 CUSIP |
| US Country | 14,719 Employees | 31 Aug 2026 Last Dividend | - Last Split | - IPO Date |
Overview
UL Solutions Inc. is a global provider of safety science services, known for its extensive operations that span across industrial, consumer, and software and advisory areas. With a rich history dating back to 1894, the company has evolved to meet modern challenges in safety and sustainability, earning a strong reputation in the process. Originally known as UL Inc., the organization rebranded to UL Solutions Inc. in June 2022 to better reflect its broad range of services. Headquartered in Northbrook, Illinois, UL Solutions maintains a wide-reaching presence with offices distributed throughout North America, Asia Pacific, Africa, Europe, Latin America, and the Middle East. As a subsidiary of ULSE Inc., UL Solutions plays a crucial role in ensuring safety and compliance across various sectors, leveraging its expertise to serve manufacturers, regulators, and consumers alike.
Products and Services
- Industrial Services
This segment caters to multiple end markets, including energy, industrial automation, engineered materials, and the built environment. It offers a comprehensive range of testing, inspection, and certification services, designed to meet the stringent requirements of manufacturers, building owners, regulators, and end users. Whether it's ensuring the safety of industrial machinery or certifying new construction materials, UL Solutions’ industrial services are crucial for maintaining standards and promoting innovation within these sectors.
- Consumer Services
Specializing in consumer product safety, this segment delivers a variety of services including safety certification testing, ongoing certification, and global market access. It encompasses a broad array of product categories like consumer electronics, medical devices, appliances, HVAV, and lighting. Beyond traditional safety certification, UL Solutions also addresses emerging needs in new mobility, smart products, and 5G, offering product market acceptance and risk mitigation services. This ensures that consumer products not only meet regulatory requirements but also align with consumer expectations for performance and quality.
- Software and Advisory Services
This branch of UL Solutions focuses on providing software and technical advisory services tailored to help customers navigate complex regulatory landscapes, achieve supply chain transparency, and operationalize sustainability measures. It caters to regulated industries, including life sciences, by offering solutions for managing supply chain regulations, transparency, and environmental, social, and governance (ESG) requirements. The ULTRUS software brand exemplifies this commitment by aiding companies in enhancing their speed to market while prioritizing sustainability and safety considerations.
