ULS

EX-99.1

2 exhibit991q32026ulsolution.htm

EX-99.1

Document

Exhibit 99.1

UL Solutions Inc. Reports Strong Third Quarter 2026 Results

Strong core business performance with disciplined operational execution expands profitability, while strong cash flow generation funds long-term value creation

Third Quarter 20261

•Strong revenue growth of 5.1% to $823 million, including 7.0% organic revenue growth

•Net income of $117 million increased 10.4%, Adjusted Net Income of $135 million increased 13.4%. Net income margin of 14.2% increased 70 basis points

•Diluted earnings per share of $0.53 increased 8.2%, Adjusted Diluted Earnings Per Share of $0.62 increased 10.7%

•Adjusted EBITDA of $235 million increased 8.3%, Adjusted EBITDA margin of 28.6% expanded 90 basis points

•Strengthens full-year organic revenue growth outlook to approximately 6.5%

•Expects full-year Adjusted EBITDA margin improvement to approximately 27.0%, driven by approximately 200 basis points of underlying margin expansion, partially offset by approximately 90 basis points of incremental transaction costs versus 2025.

NORTHBROOK, Ill. – (BUSINESS WIRE) – November 3, 2026 − UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today reported results for the third quarter ended September 30, 2026.

“This quarter’s record revenue and excellent margin expansion reflect our strategic focus and investments aligned to the megatrends including the global energy transition and electrification of everything,” said President and CEO Jennifer Scanlon. “We are at the forefront of innovation and work alongside our customers as increasingly digital, interconnected products and supply chains drive demand for our trusted services and software. I’m very pleased with our solid year-to-date performance and we continue to see many opportunities for growth and ongoing strategic, disciplined capital allocation.”

“Our third-quarter results reflect continued strong execution across the business. We achieved 7.0% organic revenue growth and expanded our Adjusted EBITDA margin to a record 28.6%, driven by broad-based demand, operating leverage and productivity gains,” said CFO Ryan Robinson. “Given our strong year-to-date results and continued momentum in key end markets, we are strengthening our outlook for organic revenue growth to approximately 6.5%. Furthermore, the strength of our overall business allows us to reaffirm our full-year Adjusted EBITDA margin outlook of approximately 27.0%, which includes continued operational improvement partially offset by incremental transaction costs.”

Third Quarter 2026 Financial Results

Revenue of $823 million compared to $783 million in the third quarter of 2025, an increase of 5.1%. Organic revenue growth of 7.0%, led by the Industrial and Consumer segments.

Net income of $117 million compared to $106 million in the third quarter of 2025, an increase of 10.4%. Net income margin of 14.2% compared to 13.5% in the third quarter of 2025, an increase of 70 basis points, inclusive of an estimated incremental 30 basis points impact from acquisition and divestiture transaction costs. The margin increase was driven by lower interest expense and foreign exchange impacts.

Adjusted Net Income of $135 million compared to $119 million in the third quarter of 2025, an increase of 13.4%. Adjusted Net Income margin of 16.4% compared to 15.2% in the third quarter of 2025, an increase of 120 basis points.

Diluted earnings per share of $0.53 compared to $0.49 in the third quarter of 2025, an increase of $0.04. Adjusted Diluted Earnings Per Share of $0.62 compared to $0.56 in the third quarter of 2025, an increase of $0.06.

Adjusted EBITDA of $235 million compared to $217 million in the third quarter of 2025, an increase of 8.3%. Adjusted EBITDA margin of 28.6% compared to 27.7% in the third quarter of 2025, an increase of 90 basis points, inclusive of an estimated incremental 30 basis points impact from acquisition and divestiture transaction costs. The margin expansion resulted from higher revenue and operating leverage, led by the Consumer and Industrial segments.

1 This press release includes references to non-GAAP financial measures. Please refer to “Non-GAAP Financial Measures” later in this release for the definitions of each non-GAAP financial measure presented, as well as reconciliations of these measures to their most directly comparable GAAP measures. All comparisons are to third quarter 2025 unless otherwise noted. The Company has not reconciled its forward-looking Adjusted EBITDA margin outlook to the most directly comparable GAAP measure; see “Full-Year 2026 Outlook” for an explanation of why the reconciliation is not available without unreasonable effort.

Liquidity and Capital Resources

For the nine months ended September 30, 2026, the Company generated $594 million of net cash provided by operating activities, an increase of 30.3% from $456 million for the same period in 2025. Net cash provided by op

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