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UL Solutions

Global safety testing, certification, and inspection

Overview

UL Solutions tests, inspects, and certifies products and systems to ensure safety, security, and sustainability. It works by evaluating electronics, mobility, cybersecurity, and energy technologies against established standards, performing lab tests and risk assessments, and applying the UL Mark to passing products. Its differentiators include a long history dating back to 1894, a 2022 pivot to a for-profit unit with an IPO in 2024, and a global, cross-domain scope across fire, electrical, cybersecurity, and sustainable energy Safety science and advisory services. The goal is to help manufacturers manage supply-chain risks and bring safer, more reliable products to market.

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About UL Solutions

Simplify's Rating
Why UL Solutions is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

ConsultingIndustrial & ManufacturingEnterprise SoftwareCybersecurity

Company Size

10,001+

Company Stage

IPO

Headquarters

Northbrook, IL

Founded

1894

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Simplify's take

What believers are saying

  • Third quarter 2026 revenue reached $823 million, and adjusted EBITDA hit $235 million.
  • October 2026 launches in V2G, liquid cooling, and energy storage target fast-growing demand.
  • Vietnam and Plano expansions capture compliance outsourcing as supply chains localize in 2026.

What critics are saying

  • September 2026 class action alleges UL-listed alarm systems violated UL and NFPA 72 standards.
  • October 1, 2026 E&E acquisition increased debt to $764 million after borrowing.
  • AI certification and lab growth depend on trust; one major standards failure damages the franchise.

What makes UL Solutions unique

  • UL Mark credibility still anchors procurement decisions across regulated product categories.
  • October 2026 E&E acquisition adds MET Labs, deepening North American certification coverage.
  • New labs in Vietnam and Toyota City shorten testing cycles for regional manufacturers.

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Funding

Total Funding

$1.3B

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Retirement Plan
  • Paid Vacation
  • Paid Holidays
  • Paid Sick Leave
  • Hybrid Work Options
  • Remote Work Options
  • Wellness Program
  • Mental Health Support

Stock Price

Company News

UL Solutions
Nov 5th, 2026
UL Acquires AWS Truepower to Expand Global Renewable Energy Portfolio | UL Solutions

Acquisition strengthens UL’s position in full lifecycle solutions for Wind and Solar Energy Sectors NORTHBROOK, Ill., Sept. 27, 2016 – UL, a global safety science leader, announces the…

Yahoo Finance
Nov 2nd, 2026
UL Solutions reports Q3 results tomorrow, with revenue expected to grow 4.1%

UL Solutions (NYSE:ULS), a safety certification company, reports third-quarter earnings on Tuesday morning. Analysts expect revenue to grow 4.1% year on year, slower than the 7.1% rise in the same quarter last year. Last quarter, the company reported revenue of $816 million, up 5.2%, and beat analysts' EPS estimates. It has a history of exceeding Wall Street's expectations. Peer results were mixed. Booz Allen Hamilton's revenue fell 3.9%, while Kforce's rose 7.5%. UL Solutions shares are up 9.6% over the last month, trading at $74.80. The average analyst price target is $96.57.

Business Wire
Oct 26th, 2026
UL Solutions expands Ho Chi Minh City lab with Vietnam's first dedicated tools testing facility

UL Solutions (NYSE: ULS) has opened an expanded testing laboratory in Ho Chi Minh City, Vietnam. It serves manufacturers, retailers, and brands in Vietnam and Southeast Asia. The site tests consumer and retail products, electrical and electronic goods, food contact materials, furniture, packaging, outdoor living products, power tools, and lawn and garden equipment under one roof. The company says this should cut lead times and speed up compliance. It includes UL Solutions' first controlled indoor environment in Vietnam for outdoor products such as gazebos and canopies, simulating real-world weather. It also houses the company's first dedicated tools testing laboratory in the country. "Manufacturers and brands need trusted testing and compliance services closer to where products are developed and made," said Upayan SenGupta, a senior vice president at UL Solutions.

Yahoo Finance
Sep 29th, 2026
UL Solutions certifies direct-to-chip liquid cooling for AI data centers

UL Solutions has launched a certification programme for direct-to-chip liquid cooling equipment used in AI data centres. The certification evaluates liquid cooling subassemblies for safety, performance, leak integrity and interoperability. AI chips generate intense heat that traditional air cooling may not adequately address. Direct-to-chip liquid cooling uses coolant flowing through a cold plate attached to the chip to absorb and carry away heat. The certification covers components including cold plates, manifolds and quick disconnects. UL Solutions evaluates these using UL 4501, assessing coolant compatibility, pressure integrity, durability and interoperability. Global data centre electricity use is expected to more than double between 2024 and 2030, with cooling accounting for up to 40% of energy consumption. The certification aims to help manufacturers demonstrate product readiness whilst enabling data centre operators to make informed purchasing decisions.

Yahoo Finance
Sep 14th, 2026
UL Solutions launches certification for vehicle-to-grid tech enabling EVs to supply power back to the grid

UL Solutions has launched a certification programme for vehicle-to-grid (V2G) technologies, enabling electric vehicles to supply power back to the grid during high demand periods. The programme aims to build confidence in technologies that transform parked EVs into backup power resources. V2G systems allow parked vehicles to send electricity to the grid when demand is high and recharge during lower-demand periods. According to the Electric Power Research Institute, approximately 90% of electric vehicles remain parked at any given time under typical driving patterns. A recent E3 study commissioned by General Motors estimates V2G could potentially deliver 5 to 15 times more per-vehicle value than one-way managed charging in many markets. The certification programme helps manufacturers demonstrate safety and reliability whilst supporting grid stability.

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