Quarterly ResultMay 5, 2026, 07:08 AM
UL Solutions Q1 Revenue +7.5% to $758M; Net Income +36.6%
AI Summary
UL Solutions Inc. reported strong first quarter 2026 financial results, with revenue increasing 7.5% to $758 million and net income rising 36.6% to $97 million. The company also announced a segment reorganization, which had no impact on consolidated financials, and detailed several portfolio management activities. These include the acquisition of Eurofins' E&E business for approximately €575 million, the sale of its Employee Health and Safety software business for $202 million, and the agreement to sell its 28% shareholding in DQS Holding GmbH for €105 million. The full-year 2026 Adjusted EBITDA margin outlook was strengthened.
Key Highlights
- UL Solutions reported Q1 2026 revenue of $758 million, a 7.5% increase year-over-year, with 5.7% organic growth.
- Net income for Q1 2026 rose 36.6% to $97 million, and diluted EPS increased 36.4% to $0.45.
- Adjusted EBITDA grew 22.4% to $197 million, with the margin expanding 320 basis points to 26.0%.
- The company entered an agreement to acquire Eurofins' E&E business for approximately €575 million, expected to close in Q4 2026.
- UL Solutions completed the sale of its Employee Health and Safety software business for approximately $202 million.
- An agreement was made to sell its 28% shareholding in DQS Holding GmbH for approximately €105 million.
- Full-year 2026 outlook was strengthened, with Adjusted EBITDA margin expected to improve to approximately 27.0%.
- Net cash from operating activities increased to $219 million, and Free Cash Flow rose to $150 million in Q1 2026.