UL Solutions Inc. Class A ( (ULS) ) has released its Q4 earnings. Here is a breakdown of the information UL Solutions Inc. Class A presented to its investors.
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UL Solutions Inc., a leader in applied safety science, provides independent third-party testing, inspection, certification services, and related software and advisory offerings globally, supporting innovation and growth across various industries.
In its latest earnings report, UL Solutions Inc. announced impressive financial results for the fourth quarter and the full year of 2024. The company saw significant growth in revenue and net income, marking a successful first year as a public company.
For the fourth quarter, UL Solutions reported a revenue increase of 8% to $739 million, with net income rising by 37.1% to $85 million. The company achieved a diluted earnings per share of $0.40, reflecting a 37.9% increase. The adjusted EBITDA also saw a notable rise of 27.1%, indicating improved operational efficiencies and strong demand across its segments.
On an annual basis, the company recorded a revenue growth of 7.2% to $2.9 billion and saw a 25% increase in net income to $345 million. The full-year results were bolstered by a successful initial public offering and strategic investments in advanced testing facilities.
Looking ahead to 2025, UL Solutions aims to maintain mid-single-digit revenue growth and further improve adjusted EBITDA margins. The company is committed to expanding its capabilities to align with global trends while continuing disciplined capital allocation.