Core Viewpoint - Lleida.net has shown significant financial recovery, with a strong performance in the first quarter of 2025, leading to a revised price target of €4 per share from Checkpoint Partners, maintaining a 'Buy' rating [1][2]. Financial Performance - Lleida.net reported a profit before tax increase of 477% and a 129% rise in EBITDA year-on-year in Q1 2025, driven by growth in its SaaS and Commercial SMS business lines [1]. - The company achieved record sales of €5.29 million in Q1 2025, marking a 12% increase compared to the same period last year [4]. - EBITDA for the first quarter reached €1.22 million, an 84% increase, while operating profit was €716,000, up 387% year-on-year [4]. - The net profit for 2025 is now expected to be €2.3 million, up from a previous estimate of €1.3 million [3]. Valuation Metrics - The new price target of €4.00 reflects an increase in EBITDA estimates, with the stock trading at 2025 and 2026 EV/EBITDA multiples of 7x and 5x, respectively, which are considered low for a growth company [2][3]. - Lleida.net's valuation multiples are significantly lower compared to similar companies in the sector [2]. Company Background - Founded in 1995, Lleida.net is a leading provider of certification, notification, and registered electronic signature services in Europe, holding over 300 patents across more than 60 countries [5].

Core Insights - UL Solutions Inc. reported $705 million in revenue for Q1 2025, a year-over-year increase of 5.2% and an EPS of $0.37 compared to $0.28 a year ago, exceeding the Zacks Consensus Estimate of $703.87 million by +0.16% and delivering an EPS surprise of +15.63% [1] Revenue Breakdown - Revenue from Industrial segment was $308 million, slightly below the average estimate of $313.20 million [4] - Revenue from Software and Advisory segment was $93 million, slightly above the average estimate of $92.52 million [4] - Revenue from Consumer segment was $304 million, exceeding the average estimate of $299.77 million [4] Adjusted EBITDA Performance - Adjusted EBITDA for Industrial segment was $100 million, surpassing the average estimate of $97.17 million [4] - Adjusted EBITDA for Software and Advisory segment was $13 million, above the average estimate of $12.48 million [4] - Adjusted EBITDA for Consumer segment was $48 million, exceeding the average estimate of $44.63 million [4] Stock Performance - Shares of UL Solutions Inc. returned +11.7% over the past month, compared to the Zacks S&P 500 composite's +11.5% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [3]

Financial Data and Key Metrics Changes - Consolidated revenues increased by 5.2% year-over-year, with organic growth of 7.6% [6][15] - Adjusted EBITDA grew by 22.9% year-over-year, with an adjusted EBITDA margin of 22.8%, up 320 basis points [7][16] - Adjusted net income for Q1 was $80 million, a 31.1% increase from $61 million in the same quarter last year [16] Business Line Data and Key Metrics Changes - Industrial segment revenues rose by 8.1% organically, driven by ongoing certification services and certification testing [7][17] - Consumer segment revenues increased by 7.7% organically, with strong demand across consumer technology and retail products [7][19] - Software and Advisory segment revenues grew by 5.6% organically, with a 9.3% increase in the software service line [20] Market Data and Key Metrics Changes - Growth was observed across all geographic regions, with North America showing particular strength in both industrial and consumer segments [6][62] - The automotive electromagnetic compatibility laboratory in Japan is expected to address a growing market projected to reach $2.7 billion by 2030 [10] Company Strategy and Development Direction - The company is focusing on capacity expansions in HVAC testing facilities and developing a global fire science center to enhance market position [8][9] - Strategic M&A opportunities are being pursued to strengthen market position and drive margin and earnings improvement [26] Management's Comments on Operating Environment and Future Outlook - Management noted that the macroeconomic environment presents both risks and opportunities, but they reaffirmed their full-year 2025 outlook [13][25] - The company is monitoring key performance indicators closely to understand potential impacts from tariffs and macroeconomic conditions [12][13] Other Important Information - The effective tax rate for 2025 is expected to be approximately 26%, up from 16.9% in 2024 due to the implementation of OECD's Pillar Two [26] - The company generated over $100 million in free cash flow and paid down $90 million of debt [7][22] Q&A Session Summary Question: Impact of tariffs on product redesign and manufacturing locations - Management indicated that customers have been making decisions regarding tariffs for several years, and while some adjustments are expected, no material impact has been observed currently [34] Question: M&A strategy in the current macro backdrop - The company continues to engage in conversations about various acquisition opportunities and remains active in pursuing growth through M&A [36] Question: Anticipated impact of tariffs on guidance - Management affirmed their guidance, indicating that they have accounted for increased uncertainty while maintaining confidence in their core business [41] Question: Moderation in new product launches - There has been no meaningful impact on innovation, and management remains close to customers regarding their new product development plans [42] Question: Context on margin expansion in Q1 - Strong operational execution and revenue growth contributed to significant margin improvement, particularly in the Industrial segment [46][48] Question: Growth by geography - North America, especially in industrial sectors, continues to show strong demand, with notable growth also in Asia [62]

Financial Data and Key Metrics Changes - Consolidated revenues increased by 5.2% year-over-year, with organic growth of 7.6% [7][16] - Adjusted EBITDA grew by 22.9% year-over-year, with an adjusted EBITDA margin of 22.8%, up 320 basis points [8][17] - Adjusted net income for Q1 was $80 million, a 31.1% increase from $61 million in the same quarter last year [17] Business Line Data and Key Metrics Changes - Industrial segment revenues rose by 4.4% to $308 million, or 8.1% on an organic basis, driven by ongoing certification services and certification testing [18] - Consumer segment revenues were $304 million, up 6.3% year-over-year, or 7.7% on an organic basis, with strong demand across all service offerings [19] - Software and Advisory segment revenues increased by 4.5% year-over-year to $93 million, with organic growth of 5.6% [21] Market Data and Key Metrics Changes - Growth was observed across all geographic regions, with North America showing particular strength in both industrial and consumer segments [61] - The automotive electromagnetic compatibility laboratory in Japan is expected to address a growing market projected to reach $2.7 billion by 2030 [11] Company Strategy and Development Direction - The company is focusing on capacity expansions in HVAC testing facilities and developing a global fire science center of excellence [9][10] - Strategic investments are being made to align with megatrends such as global energy transition and digitalization [6][30] - The company aims to pursue strategic M&A opportunities to enhance margins and earnings [27] Management's Comments on Operating Environment and Future Outlook - Management reaffirmed the full-year 2025 outlook despite increased macroeconomic uncertainties, expecting mid-single-digit organic revenue growth [25][26] - The company is monitoring key performance indicators closely to navigate potential risks and opportunities [14] Other Important Information - The effective tax rate for 2025 is expected to be approximately 26%, up from 16.9% in 2024 due to new tax regulations [27] - Free cash flow for Q1 was $103 million, up from $84 million in the prior year [24] Q&A Session Summary Question: Impact of tariffs on product redesign and manufacturing - Management noted that customers have been making decisions regarding tariffs for several years, with some already shifting manufacturing locations [34] Question: M&A strategy in uncertain macro backdrop - The company continues to engage in conversations about various acquisition opportunities globally, emphasizing the importance of CapEx as a growth accelerator [36] Question: Anticipated impact of tariffs on guidance - Management affirmed guidance, indicating confidence based on current business visibility and order book [41] Question: Moderation in new product launches - There has been no meaningful impact on innovation, with management maintaining close relationships with customers regarding their product development plans [42] Question: Margin expansion context - Strong operational execution across segments contributed to significant margin improvement, particularly in the Industrial segment [46] Question: Growth by geography - North America, especially in industrial sectors, continues to show strong demand, with notable growth also in Asia [61]

UL SOLUTIONS INC. Earnings Presentation Q1 2025 May 6, 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. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. These include statements regarding UL Solutions Inc.'s (the "Company") future financial results and estimates and business prospects t ...

Core Insights - Lleida.net achieved its best quarterly performance ever in Q1 2025, with sales of €5.29 million, representing a 12% increase year-over-year [1] - The company reported an EBITDA of €1.22 million, up 84%, marking the highest in its history [1] - Operating profit reached €716,000, a significant increase of 387% compared to Q1 2024 [2] - Pre-tax profit stood at €641,000, up 477% from the previous year, also the best in the company's history [2] Financial Performance - The company's cost control policy, internal reorganization, and commercial expansion in Europe and Latin America contributed to these results [2] - All business lines showed stability, with the Registered Electronic Contracting product line growing by 31% and the commercial SMS line by 29% [4] - Lleida.net reduced its net financial debt by 7% in the quarter, amounting to nearly €500,000 [4] Strategic Initiatives - The company has focused on developing standard products, which currently account for 48% of total sales [4] - Lleida.net has implemented an innovation policy to adapt its technology to meet current and future customer needs [5] - The Recovery Plan launched in November 2023 has been acknowledged by the CEO as a successful strategy to regain market position and shareholder confidence [3] Company Background - Founded in 1995, Lleida.net is a leading provider of certification, notification, and registered electronic signature services in Europe [5] - The company holds over 300 patents in its business segment across more than 60 countries [5] - Lleida.net has been listed on multiple exchanges, including BME Growth in Madrid, Euronext Paris, and OTCQX in New York for 10 years [6]

Group 1 - Lleida.net will propose the appointment of four new independent female directors to achieve gender parity on its board [1][2] - The General Shareholders' Meeting is scheduled for June 5, 2025, in Madrid, where the voluntary departure of two board members will also be addressed [2] - The new directors bring extensive experience in various sectors, including talent management, finance, energy, and digitalization, which are crucial for the company's growth [3][4] Group 2 - The proposal aligns with Organic Law 2/2024, which mandates at least 40% representation of the less represented gender on boards by June 2026 [5] - Lleida.net aims to enhance its reputation for transparency and compliance with legal guidelines through these appointments [5] - The board will also vote on the annual accounts for the 2024 financial year, including profit allocation and management approval [5] Group 3 - Founded in 1995, Lleida.net is a leading player in certification, notification, and electronic signatures in Europe, holding over 300 patents across 60 countries [6]

PRINCETON JUNCTION, N.J., April 14, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG), the leading provider of integrated technology-enabled asset protection solutions, today announced the appointment of Cliff Schaffer as Senior Vice President of In-Lab Services. Reporting to Hani Hammad, Executive Vice President and Chief Operating Officer, Schaffer will lead MISTRAS' in-lab strategy and operations across North America, with a focus on scaling services for aerospace and defense and heavy manufacturing ...