MONTREAL, March 19, 2025 /PRNewswire/ - Evnia, a leader in environmental compliance and ecofee management, is proud to announce its strategic partnership with UL Solutions, a global leader in applied safety science. This partnership aims to provide companies with optimized solutions for managing their regulatory obligations related to Extended Producer Responsibility (EPR) and environmental compliance. "At Evnia, our mission is to simplify ecofee management for our clients. This partnership with UL Solution ...

I gave a buy rating to UL Solutions ( ULS ) in January 2025, with my key thesis being that the business benefits from multiple long-term secular tailwinds, and it is in a good position to capitalizeI'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companies at a discount to t ...

Company Overview - UL Solutions provided TIC services to over 80,000 customers across more than 110 countries in 2024, maintaining over 650 technical accreditations and 76 commercial software solutions[21]. - UL Solutions employs approximately 14,813 full-time employees, with a technical team of about 9,800 scientists and engineers, boasting an average tenure of nine years[37]. - The company operates in 26 countries with 91 sites, indicating a significant international presence[92]. - The company has opened additional laboratories in Mexico, South Korea, Vietnam, and Taiwan since 2022[78]. - The company has opened new laboratories in Mexico, Vietnam, Taiwan, South Korea, and the United States since 2022, and is constructing new facilities in Italy, China, Singapore, and the United States[116]. Revenue Generation - The company generated revenue through four major service categories: Certification Testing (27%), Ongoing Certification Services (33%), Non-certification Testing and Other Services (30%), and Software (10%) in 2024[33][34][35][36]. - Approximately 59.0% of the company's revenue was generated from customers outside the United States in 2024[78]. - Revenue from fixed-price agreements represented the majority of total revenue for the year ended December 31, 2024[136]. Growth Strategy - UL Solutions aims to enhance its core businesses by increasing wallet share with current and new customers, focusing on evolving customer needs and accelerating cross-sell and up-sell activities[27]. - The company intends to pursue targeted, accretive M&A to grow its core and expand into attractive adjacencies and end markets, leveraging its strong balance sheet and free cash flow[31]. - The company's growth strategy includes pursuing strategic transactions and acquisitions, but it may face challenges in finding suitable targets[60]. - Future growth will depend on developing new customer relationships and expanding services, requiring enhancements to operational and financial systems[120]. - The company plans to pursue strategic acquisitions, but finding suitable targets at favorable prices may be challenging[121]. Competitive Landscape - The global TIC industry remains highly fragmented, with UL Solutions competing against both large public firms and private players, emphasizing its independent third-party status and technical expertise as competitive advantages[43]. - The company's business is highly competitive, and failure to innovate or respond to market changes could adversely affect its financial condition[59]. - The TIC industry is highly competitive and fragmented, with potential loss of market share if service quality issues arise[63]. - The company competes on quality, service, reputation, and cost, and must maintain a favorable geographic dispersion to retain market share[74]. Risks and Challenges - The company faces significant risks related to cybersecurity, which could adversely affect its business and operations[59]. - The company is subject to various international, federal, state, and local laws regarding environmental health and safety, which could increase operating costs[49]. - Global economic instability, including inflation and rising interest rates, may negatively affect customer purchasing behavior[84]. - The company faces risks related to compliance with anti-corruption laws, which could result in substantial fines and harm its reputation[81]. - Increased trade tariffs and restrictions, particularly with mainland China, could raise service costs and reduce customer demand[87]. - The company is subject to various risks associated with international operations, including compliance with complex laws and regulations[79]. - The company may incur significant additional costs if it fails to meet ESG standards or stakeholder expectations, potentially impacting its reputation and financial condition[105]. - The company faces increasing scrutiny related to ESG issues, which may result in increased costs and impact financial condition[102]. Technology and Innovation - The company is digitizing information gathering and analysis to provide cohesive TIC software solutions, enhancing customer experience and operational efficiencies[43]. - The introduction of AI technologies may disrupt the TIC industry, potentially reducing demand for services[64]. - The company is investing in expanding AI capabilities in its products and services, but faces significant competition and regulatory challenges[65]. - The evolving regulatory landscape regarding AI may require substantial resources to ensure compliance, impacting operational efficiency[68]. - The company’s ability to implement new technologies and adapt to evolving customer and regulatory requirements is critical for maintaining market reputation and financial performance[206]. Customer Relations - Customer satisfaction is crucial, as any decline could adversely affect the company's financial condition and results of operations[208]. - Customer satisfaction is crucial for maintaining agreements and generating recurring revenue, but there is no guarantee that customers will continue purchasing services[209]. - Customer retention rates may decline due to factors such as service satisfaction, pricing, and competition, potentially harming revenue and operating results[210]. - Acceptance of third-party test results could negatively impact demand for services and lead to reputational damage if products fail to meet expectations[211]. Compliance and Legal Issues - The company is subject to fines of up to RMB 50 million or 5% of the prior year's total annual revenue for non-compliance with the Personal Information Protection Law (PIPL)[159]. - Under the Data Security Law, penalties for breach can result in fines of up to RMB 10 million (approximately $1.39 million) for serious violations[163]. - The Cybersecurity Law requires operators of critical information infrastructure to store personal information within China, with penalties for non-compliance reaching up to RMB 1 million[160]. - The company must obtain approval from the State Administration for Foreign Exchange (SAFE) to use cash generated from its China-based operations for dividends or capital expenditures outside China[168]. - The company is required to implement standard contractual clauses for transferring personal information outside of China, with specific thresholds for compliance[159]. Operational Challenges - The company has experienced laboratory equipment shortages due to global supply chain disruptions, which may impact revenue growth and profitability[116]. - The company's selling cycle for certain services can take between six months to one year, leading to long lead times before revenue is realized[118]. - The company may face adverse effects on its business if it fails to meet contractual schedule requirements or performance standards[117]. - The company has implemented measures to protect data confidentiality, integrity, and availability, but cannot guarantee their effectiveness[177]. - Company may incur significant costs related to ransomware attacks, including ransom payments and compliance with various laws[184]. Environmental and Safety Concerns - The company operates in hazardous environments, which poses risks of injury and environmental liability[101]. - The company has significant operations involving hazardous materials, subject to strict environmental laws, which could result in substantial fines or operational shutdowns for violations[171].

UL Solutions Inc. (NYSE:ULS) Q4 2024 Earnings Conference Call February 20, 2025 8:30 AM ET Company Participants Mitchell Ji - Senior Vice President of Corporate Finance Jenny Scanlon - President & Chief Executive Officer Ryan Robinson - Executive Vice President & Chief Financial Officer Conference Call Participants Stephanie Yee - JPMorgan George Tong - Goldman Sachs Tom Ross - William Blair Andy Wittmann - Baird Josh Chan - UBS Harold Antor - Jefferies Arthur Truslove - Citi Shlomo Rosenbaum - Stifel Jason ...

Earnings Presentation Q4 2024 UL SOLUTIONS INC. February 20, 2025 © 2025 UL LLC. All Rights Reserved. Forward looking statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, about UL Solutions' (the "Company") financial results and estimates and business prospects that involve substantial risks and uncertainties. You can identify these statements by the use of words such as "may," "will," "should," "would," "l ...

Full Year 2024 (Comparisons to Full Year 2023 unless otherwise noted) 1 NORTHBROOK, ILLINOIS, USA – (BUSINESS WIRE) – February 20, 2025 − UL Solutions Inc. (NYSE: ULS), a global safety science leader in independent third-party testing, inspection and certification services and related software and advisory offerings, today reported results for the fourth quarter and full year ended December 31, 2024. "I'm incredibly proud of our team for the strong fourth quarter results that capped off a remarkable first y ...

Company Analysis - UL Solutions (NYSE: ULS) is expected to see growth accelerate to high-single-digit percentages as it leverages its scaled position to capture demand and benefit from market opportunities [1] Investment Approach - The investment approach focuses on identifying undervalued companies with long-term growth potential, combining value investing principles with a focus on long-term growth [1] - The strategy involves buying quality companies at a discount to their intrinsic value and holding them for the long term to allow for compounding earnings and shareholder returns [1]

UL Solutions Inc. (ULS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-42012 UL Solutions Inc. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

Exhibit 99.1 UL Solutions Inc. Reports Strong Third Quarter 2024 Results 1 Third Quarter 2024 (Comparisons to Third Quarter 2023 unless otherwise noted) • Strong revenue growth of 8.1% to $731 million, including 9.3% organic growth • Net income of $94 million or, $0.44 per diluted share • Adjusted Net Income of $104 million increased 6.1% • Adjusted EBITDA of $183 million increased 12.3%, Adjusted EBITDA margin of 25.0% expanded 90 basis points • Net cash provided by operating activities of $394 million and ...