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 June 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 jurisdiction of ...

Exhibit 99.1 UL Solutions Inc. Reports Strong Second Quarter 2024 Results 1 Second Quarter 2024 (Comparisons to Second Quarter 2023 unless otherwise noted) • Strong revenue growth of 6.0% to $730 million, including 8.4% organic growth • Net income of $106 million or, $0.50 per diluted share • Adjusted Net Income of $94 million increased 5.6% • Adjusted EBITDA of $173 million increased 11.6%, Adjusted EBITDA margin of 23.7% expanded 120 basis points • Net cash provided by operating activities of $244 million ...

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 March 31, 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 jurisdiction o ...

Revenue Growth - Revenue increased by 6.5% to $670 million in Q1 2024, with organic growth of 7.5%[1] - Revenue for Q1 2024 increased to $670 million, up from $629 million in Q1 2023, representing a 6.5% growth[24] - Organic revenue growth for Q1 2024 was 7.5%, driven by a $47 million increase in organic revenue[28] - The company expects mid-single-digit organic revenue growth for 2024, driven by electrification, digitalization, and sustainability trends[14] Net Income and Profitability - Net income rose to $60 million, or $0.28 per diluted share, a 3.4% increase from Q1 2023[3] - Net income for Q1 2024 was $60 million, compared to $58 million in Q1 2023, with a net income margin of 9.0%[24] - Net income for the company increased to $60 million in 2024 from $58 million in 2023, with a net income margin of 9.0% compared to 9.2% in 2023[40] - Adjusted Net Income rose to $61 million in 2024 from $54 million in 2023, with an Adjusted Net Income margin of 9.1% compared to 8.6% in 2023[40] - Diluted earnings per share remained flat at $0.28 in both 2024 and 2023, while Adjusted Diluted Earnings Per Share increased to $0.28 in 2024 from $0.26 in 2023[42] Adjusted EBITDA - Adjusted EBITDA grew by 18.0% to $131 million, with a margin expansion of 200 basis points to 19.6%[5] - Adjusted EBITDA for Q1 2024 was $131 million, up from $111 million in Q1 2023, with an Adjusted EBITDA margin of 19.6%[36] - Adjusted EBITDA for the Industrial segment increased to $86 million in 2024 from $80 million in 2023, with an Adjusted EBITDA margin of 29.2% compared to 29.6% in 2023[38] - Adjusted EBITDA for the Consumer segment grew to $35 million in 2024 from $21 million in 2023, with an Adjusted EBITDA margin of 12.2% compared to 7.6% in 2023[38] Segment Performance - Industrial segment revenue increased by 9.3% to $295 million, driven by strong demand for electrical and renewable energy testing[6] - Consumer segment revenue grew by 4.0% to $286 million, with Adjusted EBITDA surging 66.7% to $35 million[8] - Software and Advisory segment revenue increased by 6.0% to $89 million, with Adjusted EBITDA remaining flat at $10 million[9] - Certification Testing revenue grew to $176 million in Q1 2024, up from $161 million in Q1 2023, a 9.3% increase[27] - Ongoing Certification Services revenue increased to $233 million in Q1 2024, compared to $219 million in Q1 2023, a 6.4% growth[27] - Industrial segment operating income increased to $75 million in 2024 from $72 million in 2023, with an operating income margin of 25.4% compared to 26.7% in 2023[38] - Consumer segment operating income rose significantly to $17 million in 2024 from $3 million in 2023, with an operating income margin of 5.9% compared to 1.1% in 2023[38] - Software and Advisory segment reported an operating loss of $1 million in 2024, compared to breakeven in 2023, with an operating loss margin of 1.1%[38] Cash Flow and Liquidity - Net cash provided by operating activities was $141 million, with Free Cash Flow of $84 million for Q1 2024[10] - Free Cash Flow is used as a liquidity measure, reflecting cash generated from core operations available for debt repayment, investments, and returning cash to stockholders[32] - Free Cash Flow decreased to $84 million in 2024 from $98 million in 2023, primarily due to higher capital expenditures of $57 million compared to $63 million in 2023[43] - Cash and cash equivalents at the end of Q1 2024 were $344 million, up from $315 million at the end of Q4 2023[26] Debt and Capital Expenditures - Total debt decreased to $885 million as of March 31, 2024, with cash and cash-equivalents at $344 million[12] - Capital expenditures for 2024 are expected to remain at 7-8% of revenue, with continued pursuit of tuck-in acquisition opportunities[14] Total Assets - Total assets increased to $2.819 billion in Q1 2024, up from $2.736 billion at the end of Q4 2023[25]

As filed with the Securities and Exchange Commission on April 2, 2024. Registration No. 333-275468 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S–1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 UL Solutions Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Delaware 8734 27–0913800 Classification Code Number) Jennifer F. Scanlon President and Chief ...

As filed with the Securities and Exchange Commission on February 29, 2024. Registration No. 333-275468 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S–1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 UL Solutions Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Delaware 8734 27–0913800 Classification Code Number) Jennifer F. Scanlon President and C ...

As filed with the Securities and Exchange Commission on November 13, 2023. Registration No. 333 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 THE SECURITIES ACT OF 1933 UL Solutions Inc. (Exact name of registrant as specified in its charter) FORM S–1 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial REGISTRATION STATEMENT UNDER Classification Code Number) Delaware 8734 27–0913800 (I.R.S. Employer Identification No.) Jennifer F. Scanlon Pres ...