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Stock impact report

UL Solutions Inc. Reports Strong Third Quarter 2024 Results

UL Solutions Inc. Class A (ULS) 
Company Research Source: Business Wire
Third Quarter 2024 (Comparisons to Third Quarter 2023 unless otherwise noted)1Strong revenue growth of 8.1% to $731 million, including 9.3% organic growthNet income of $94 million or, $0.44 per diluted shareAdjusted Net Income of $104 million increased 6.1%Adjusted EBITDA of $183 million increased 12.3%, Adjusted EBITDA margin of 25.0% expanded 90 basis pointsNet cash provided by operating activities of $394 million and Free Cash Flow of $215 million for the first nine months of 2024 NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a global safety science leader in independent third-party testing, inspection and certification services and related software and advisory offerings, today reported results for the third quarter ended September 30, 2024.“This is our third quarterly report since becoming a public company and I’m very pleased that our results extended our momentum from the first half of 2024, with all segments and regions contributing positively,” said Pre Show less Read more
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