UL Solutions Inc. (ULS) Reports Q1 EPS of $0.28, provides outlook

UL Solutions Inc. (NYSE: ULS) reported Q1 EPS of $0.28. Revenue for the quarter came in at $670 million.

Full-Year 2024 Outlook

Our key points on 2024 outlook include:

Mid-single digit steady constant currency, organic revenue growth is expected to continue

“Electrification of Everything” along with Digitalization and Sustainability megatrends are fueling growth in all segments
Divestiture of Industrial payments testing business will reduce revenue by approximately $40 million annually

Adjusted EBITDA margin improvement expected from increased productivity
Capital expenditures expected to remain at approximately 7-8% of revenue
Tuck-in acquisition opportunities continue to be pursued

For earnings history and earnings-related data on UL Solutions Inc. (ULS) click here.

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