UL Solutions Q3 revenue slightly beats estimates on consumer segment strength
ULS•UL Solutions reported third-quarter revenue of $823 million, up 5.1% and slightly above estimates, while adjusted EBITDA rose 8.3% to $235 million, also beating estimates. It expects 2026 organic revenue growth of about 6.5% and an adjusted EBITDA margin of about 27.0%.
1. Quarterly results
UL Solutions' third-quarter revenue rose 5.1% to $823 million, slightly above the $815.72 million analyst consensus. Adjusted EBITDA increased 8.3% to $235 million, compared with estimates of $230.66 million. Adjusted EPS was $0.62 and net income was $117 million.
2. Outlook and drivers
The company expects 2026 organic revenue growth of about 6.5%, an adjusted EBITDA margin of about 27.0%, and capital expenditures of about 8.5% of revenue. It said broad-based demand, operating leverage and productivity gains drove organic revenue growth and margin expansion, with Industrial and Consumer leading segment growth. UL Solutions completed its largest-ever acquisition, expanding its testing, inspection and certification capabilities.
