UL Solutions

UL Solutions

Global safety testing, certification, and inspection

Overview

UL Solutions tests, inspects, and certifies products and systems to ensure they are safe, secure, and sustainable across electronics, mobility, cybersecurity, and energy. It uses rigorous laboratory tests and conformity assessments to issue the UL Mark on products that pass, guiding manufacturers through compliance and safety improvements. Its long history since 1894, its move to a for-profit structure and IPO in 2024, and its global scope across risk domains set it apart from peers. The goal is to help companies navigate complex supply chains and bring safer, more reliable products to market.

About UL Solutions

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

Industries

Consulting

Industrial & Manufacturing

Enterprise Software

Cybersecurity

Company Size

10,001+

Company Stage

IPO

Headquarters

Northbrook, Illinois

Founded

1894

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Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 5.2% to $816 million, with 6.6% organic growth.
  • May 6, 2026 hydrogen fueling certification expands UL into a fast-growing infrastructure market.
  • Toyota City’s July 1 lab and the Eurofins deal deepen automotive and electrical testing capacity.

What critics are saying

  • Martucci v. UL Solutions was filed February 11, 2026, attacking UL listing credibility.
  • Q2 2026 margins faced compensation and restructuring pressure, and management expects ongoing cost friction.
  • The €575 million Eurofins E&E acquisition closes in Q4 2026, risking integration, approval, and execution slippage.

What makes UL Solutions unique

  • UL Mark trust spans 100-plus years, making certification a default procurement requirement.
  • UL Solutions runs a global lab network, including Toyota City’s July 2026 automotive EMC site.
  • It writes and enforces standards in hydrogen, robotics, cybersecurity, and sustainability testing.

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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

Yahoo Finance
Aug 13th, 2026
UL Solutions beats EPS estimates despite margin pressures from higher compensation and restructuring costs

UL Solutions reported second-quarter revenue of $816 million, meeting analyst expectations, with adjusted earnings per share of $0.59 beating estimates of $0.56. The company posted 5.2% year-on-year revenue growth and maintained an operating margin of 18.4%. CEO Jennifer Scanlon attributed performance to demand across Industrial and Consumer segments, driven by electrification, automation, and energy transition. The company saw double-digit growth in data centre-related power and automation services. However, higher employee compensation, incentives, and professional fees pressured margins. CFO Ryan Robinson said integration expenses and performance-based compensation created near-term headwinds, though management reaffirmed its full-year margin outlook. Despite meeting expectations, the market reacted negatively to the results.

Yahoo Finance
Aug 4th, 2026
UL Solutions reports Q2 2026 revenue up 5.2% to $816M with 161.9% net income growth

UL Solutions Inc. reported strong second quarter 2026 results with revenue growing 5.2% to $816 million, driven by 6.6% organic revenue growth led by Industrial and Consumer segments. Net income surged 161.9% to $254 million, whilst adjusted net income increased 17.3% to $129 million. The company's net income margin expanded to 31.1%, up 1,860 basis points year-over-year, boosted by the sale of its Employee Health and Safety software business. Adjusted EBITDA rose 11.2% to $219 million, with margin expansion of 140 basis points to 26.8%. Diluted earnings per share climbed 168.9% to $1.21, and adjusted diluted earnings per share increased 13.5% to $0.59. CEO Jennifer Scanlon highlighted the company's alignment with megatrends and strong positioning for the remainder of 2026.

Yahoo Finance
Jul 3rd, 2026
UL Solutions joins Russell indices, opens Toyota City lab to expand automotive testing

UL Solutions has been added to multiple Russell indices, including the Russell 1000, 3000 and Midcap families, and opened a new automotive electromagnetic compatibility laboratory in Toyota City, Japan. The facility expands the company's advanced vehicle testing capabilities. The developments follow UL Solutions' first hazardous-location robot certification for ExRobotics' ExR-2.5, demonstrating the company's expansion into emerging automation testing. These moves strengthen its position in safety-critical testing across automotive, industrial and robotics markets. The company's narrative projects $3.7 billion revenue and $571.2 million earnings by 2029, requiring 6% annual revenue growth. However, investors should note that higher capital intensity and tax changes may impact reported earnings despite the expanded global laboratory footprint.

Business Wire
Jun 25th, 2026
UL Solutions opens automotive EMC laboratory in Japan's Toyota City

UL Solutions has opened a new automotive electromagnetic compatibility laboratory in Toyota City, Japan, beginning operations on 1 July. The 2,323-square-metre facility will provide EMC testing to help manufacturers protect vehicles from interference affecting critical systems like braking and steering. The Automotive Technology and Innovation Centre is among few EMC laboratories in Japan equipped for high-voltage, high-current, high-torque and high-speed rotational testing. Its chambers can handle up to 25,000 RPM and power supplies delivering up to 1,500 volts and 1,000 amps. Located in Japan's Tokai region, the facility strengthens UL Solutions' global EMC testing network and supports automakers in the world's third-largest vehicle market, which produced over 8 million vehicles in 2025.

Latham & Watkins LLP
Jun 18th, 2026
UL Solutions prices $980M secondary offering at $49 per share

UL Solutions has priced an underwritten secondary public offering of 20 million shares of Class A common stock at $49 per share, raising $980 million. The shares are being sold entirely by selling stockholder UL Standards & Engagement, with underwriters holding a 30-day option to purchase an additional 3 million shares. The global applied safety science company will not offer any shares and will receive no proceeds from the sale. The offering is expected to close on 9 September 2024, subject to customary conditions. Latham & Watkins represented both UL Solutions and the selling stockholder, led by Chicago partners Cathy Birkeland and Christopher Lueking. The firm previously advised UL Solutions on its $1.08 billion IPO, one of 2024's largest initial public offerings.

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