ULS UL Solutions Inc. - 10-Q - (2025-11-04)

UL Solutions reported strong financial performance for the nine months ended September 30, 2025. Revenue increased 6.2% to $2.264 Billion (6.4% organic growth), driving Operating Income to $404 Million and expanding GAAP Operating Margin to 17.8%. Net Income attributable to stockholders rose to $258 Million, resulting in Diluted EPS of $1.27. Free Cash Flow improved significantly to $317 Million. Growth was led by the Industrial and Consumer segments, particularly in Certification Testing services.

The Balance Sheet strengthened through aggressive debt management: Total Liabilities decre

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