Summary of UL Solutions Conference Call Company Overview - **Company**: UL Solutions (NYSE: ULS) - **Industry**: Testing, Inspection, and Certification (TIC) Key Points Business Segments and Revenue - UL Solutions operates in two main segments: industrial tech and consumer tech, with 33% of revenue being recurring from inspection and certification services [4][8][11] - Industrial tech is identified as the core focus, with historical roots in electrical safety [11][12] - Industrial segment has experienced high single-digit revenue growth, driven by mega trends such as energy transition and the proliferation of devices connected to the electrical grid [14][15] Growth Drivers - The industrial segment has seen double-digit revenue growth in 2023 and 2024, attributed to trends in energy generation and innovative uses of electrical energy [14] - Data centers and renewable energy are significant growth drivers, although specific revenue percentages tied to these sectors have not been disclosed [16][17][38] Margin Expansion - EBITDA margin expansion in the industrial segment is attributed to operational efficiencies and pricing initiatives [23][28] - Consumer segment margins have improved but are inherently lower due to higher labor intensity in testing processes [36][37] Market Position and Competitive Advantage - UL Solutions has a strong reputation in the U.S. market, benefiting from its involvement in crafting safety standards and regulations [38][39] - The company has historically outperformed industry growth rates and expects to continue this trend [39][41] Future Investments and Innovations - Plans for new laboratory facilities, including a Fire Research Center of Excellence, are set to enhance UL's capabilities in fire safety [50][72] - The company is focusing on expanding its software and advisory services, particularly in supply chain traceability and ESG reporting [51][75] Challenges and Adaptations - The consumer product division faced challenges due to tariff uncertainties, but clients have adapted to the new normal [33][34] - The company is continuously looking for ways to optimize its lab utilization and operational efficiency [31][32] Conclusion - UL Solutions is positioned for continued growth in the TIC industry, with a strong focus on industrial tech and a commitment to innovation and operational efficiency. The company is adapting to market changes and investing in future capabilities to maintain its competitive edge.

(投资中国)SGS中国总裁：以持续投资回应中国开放红利 中新社上海11月3日电 (记者 许婧)第八届中国国际进口博览会开幕在即。深耕中国市场30余年，国际公 认的测试、检验和认证机构SGS今年将带着"品质有形·信任无界"的参展主题，携四大业务板块再度如约 参展，并全球首发两项创新解决方案，用实际行动诠释对中国市场的坚定信心。 "从第一届进博会开始，我们就感受到中国政府开放市场的坚定信心，展会影响力逐年提升，服务也愈 发便捷人性化，成功吸引全球行业领导品牌参与。"SGS中国(通标标准技术服务有限公司)总裁郝金玉3 日受访时表示，中国市场巨大的消费潜力和对优质产品的开放姿态，为SGS带来了广阔发展空间。随着 中国促进消费政策落地见效，新能源汽车、美妆医美、智能家电、绿色建材等新赛道快速崛起，催生了 半导体芯片测试、电池测试、化妆品功效评估、网络安全认证等诸多新需求，推动SGS不断拓展服务边 界。 近年来，SGS在中国的投资项目逐年增加。目前，总部位于瑞士的SGS在中国已拥有16000多名员工、 100多个分支机构和200多个实验室，构建起完善的服务网络。 编辑：张澍楠 广告等商务合作，请点击这里 本文为转载内容， ...