UL Solutions Inc. Reports Strong Second Quarter 2026 Results (Form 8-K)

UL Solutions Inc. Reports Strong Second Quarter 2026 Results

Second Quarter 20261

•Strong revenue growth of 5.2% to $816 million, including 6.6% organic revenue growth

•Net income of $254 million increased 161.9%, Adjusted Net Income of $129 million increased 17.3%. Net income margin of 31.1% increased 1,860 basis points

•Diluted earnings per share of $1.21 increased 168.9%, Adjusted Diluted Earnings Per Share of $0.59 increased 13.5%

•Adjusted EBITDA of $219 million increased 11.2%, Adjusted EBITDA margin of 26.8% expanded 140 basis points

NORTHBROOK, Ill. - (BUSINESS WIRE) - August 4, 2026 − UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today reported results for the second quarter ended June 30, 2026.

"I am pleased to report another outstanding quarter, driven once again by record revenue, substantial cash flow and impressive margin expansion," said President and CEO Jennifer Scanlon. "As we monitor our business and the macro environment for the remainder of the year, we feel confident that our alignment with megatrends and ability to meet our customers' needs for safe product innovation position us well for the second half of 2026."

"Our second quarter results continued to demonstrate the quality of our revenue growth and benefited from productivity and cost improvements," said Ryan Robinson, Chief Financial Officer. "We delivered Adjusted EBITDA of $219 million, with Adjusted EBITDA margin expanding 140 basis points to 26.8%. Our resilient business model, strong cash flow generation and robust balance sheet enable us to strategically invest in growth opportunities for long-term value creation."

Second Quarter 2026 Financial Results

Revenue of $816 million compared to $776 million in the second quarter of 2025, an increase of 5.2%. Organic revenue growth of 6.6%, led by the Industrial and Consumer segments.

Net income of $254 million compared to $97 million in the second quarter of 2025, an increase of 161.9%. Net income margin of 31.1% compared to 12.5% in the second quarter of 2025. The margin increase was driven by the gain on sale of the Company's Employee Health and Safety software business in the Risk & Compliance Software segment, as well as higher revenue and operating leverage.

Adjusted Net Income of $129 million compared to $110 million in the second quarter of 2025, an increase of 17.3%. Adjusted Net Income margin of 15.8% compared to 14.2% in the second quarter of 2025, an increase of 160 basis points.

Diluted earnings per share of $1.21 compared to $0.45 in the second quarter of 2025, an increase of $0.76. Adjusted Diluted Earnings Per Share of $0.59 compared to $0.52 in the second quarter of 2025, an increase of $0.07.

Adjusted EBITDA of $219 million compared to $197 million in the second quarter of 2025, an increase of 11.2%. Adjusted EBITDA margin of 26.8% compared to 25.4% in the second quarter of 2025, an increase of 140 basis points. The margin expansion resulted from higher revenue and operating leverage, led by the Consumer segment.

Liquidity and Capital Resources

For the six months ended June 30, 2026, the Company generated $379 million of net cash provided by operating activities, an increase from $301 million for the same period in 2025. Net cash provided by operating activities for the six months ended June 30, 2026 was a result of improved business performance and timing of certain working capital items.

The Company continued to make strategic capital investments intended to meet increased demand and drive greater productivity. Capital expenditures were $138 million for the six months ended June 30, 2026, compared to $93 million for the same period in 2025. Free Cash Flow for the six months ended June 30, 2026 was $241 million, compared to $208 million for the same period in 2025.

The Company paid a dividend of $0.145 per share, or $29 million, during the three months ended June 30, 2026.

1