Welcome to our dedicated page for UL Solutions news (Ticker: ULS), a resource for investors and traders seeking the latest updates and insights on UL Solutions stock.
UL Solutions Inc. (NYSE: ULS) is a global applied safety science company whose news flow centers on testing, inspection and certification activities, safety alerts, standards development and corporate actions. The company operates in more than 110 countries and uses its public communications to explain how it addresses safety, security and sustainability challenges for industrial and consumer markets.
News about UL Solutions often highlights new testing and certification programs and expansions of its laboratory network. Recent examples include the launch of a dedicated testing and certification framework for plug‑in solar systems based on UL 3700 and the development of an electromagnetic and wireless testing laboratory in Neu‑Isenburg, Germany, as well as the opening of a motor energy efficiency laboratory at the company’s Ise campus in Japan.
Another recurring theme in UL Solutions’ news is public safety communication. The company issues notices about mislabeled or improperly certified products, such as certain child life jackets and carbon monoxide detection devices bearing unauthorized UL Marks, and recommends that these products be removed from service. UL Solutions also reports on collaborations, such as its memorandum of understanding with Saudi Electricity Company to advance fire protection and life safety standards.
Investors and analysts following ULS can also find capital markets and corporate governance updates, including announcements related to secondary public offerings of Class A common stock by a selling stockholder and disclosures of leadership changes in senior executive roles. For an integrated view of these developments, the UL Solutions news page on Stock Titan aggregates company press releases and related coverage, making it easier to monitor safety initiatives, standards work, facility investments and regulatory disclosures over time.
Evnia and UL Solutions have announced a strategic partnership to enhance environmental compliance and Extended Producer Responsibility (EPR) management services. The collaboration combines Evnia's expertise in ecofee management with UL Solutions' knowledge in compliance-assistance and safety services, particularly focusing on the North American retail product compliance sector.
The partnership aims to provide comprehensive solutions for companies facing new EPR laws, especially U.S.-based organizations. François Parent, General Manager of Evnia, emphasized their mission to simplify ecofee management, while Kieran Callahan from UL Solutions highlighted the introduction of a proven EPR reporting solution.
The joint initiative will support industries including retail, pharmaceuticals, cosmetics, and automotive sectors, streamlining ecofee reporting processes while ensuring adherence to environmental standards across North America.
UL Solutions (NYSE: ULS) has announced plans to develop an advanced automotive electromagnetic compatibility (EMC) testing laboratory in Toyota City, Japan. The facility, named UL Solutions Automotive Technology and Innovation Center, is set to open in the second half of 2026.
The 25,000 square-foot facility will feature high-voltage chambers capable of handling up to 25,000 RPM, over 3,500 torque, and power supply delivering up to 1,500 volts and 1,000 amp. Located in the Tokai region, a major automotive hub, the lab will help manufacturers test and protect against electromagnetic interference in vehicle systems.
The development aligns with Japan's position as the world's third-largest vehicle manufacturer, producing around 9 million vehicles in 2023. The automotive EMC testing market, valued at $1.7 billion in 2023, is projected to reach $2.7 billion by 2030.
UL Solutions (NYSE: ULS) has filed a lawsuit against Fly-E Group (NYSE: FLYE) and its subsidiaries for allegedly counterfeiting the UL Mark on their e-mobility products. The lawsuit targets Fly-E Group's entire line of e-bikes, e-scooters, and e-motorcycles that were falsely advertised as UL Certified without undergoing proper product testing.
The complaint accuses Fly-E Group of federal trademark infringement, using false descriptions in violation of the Trademark Act of 1946, unfair competition, unjust enrichment, and deceptive trade practices under New York law. UL Solutions is pursuing a permanent injunction, statutory damages, and punitive damages, citing the defendant's intentional infringement and disregard for consumer safety.
The UL Mark, used since 1937, appears on billions of products as a symbol of safety certification. UL Solutions has requested a trial by jury for the case.
UL Solutions (NYSE: ULS) has appointed Scott D'Angelo as executive vice president and chief legal officer, effective April 21, 2025. D'Angelo will oversee the legal, brand integrity, ethics and compliance functions, reporting directly to President and CEO Jennifer Scanlon.
D'Angelo joins UL Solutions from his previous role as vice president, chief legal and administrative officer and corporate secretary at CTS Corp. His prior experience includes positions at Baker McKenzie, Fortune Brands Innovations, and a 12-year tenure at McDonald's Corp where he served as divisional general counsel and other senior roles.
UL Solutions (NYSE: ULS) has announced new testing capabilities for low-global-warming-potential (LGWP) refrigerants at its Zhongshan, China laboratory. The initiative aims to help HVACR manufacturers meet new regulations and transition to more sustainable refrigerants.
The new testing capabilities focus on flammable refrigerant detection systems and sensors, particularly for A2L and A3 classifications. These services include:
- Evaluating refrigerant sensor performance for UL component recognition
- Assessing leak-detection systems configuration
- Supporting product R&D activities
The expansion addresses the industry's shift away from traditional hydrofluorocarbon (HFC) refrigerants, targeting manufacturers in Greater China and Asia Pacific who supply to North American markets. The initiative responds to updated UL Standards regarding flammable refrigerant leak-detection systems in electrical heat pumps, air conditioners, dehumidifiers, and commercial refrigerating appliances.
UL Solutions (NYSE: ULS), a global leader in applied safety science, has announced its senior management's participation in the upcoming Raymond James 46th Annual Institutional Investors Conference. The event is scheduled for Monday, March 3, and Tuesday, March 4.
UL Solutions Inc. reported strong financial results for Q4 and full year 2024. Q4 revenue grew by 8.0% to $739 million, with organic growth of 9.5%. Net income increased by 37.1% to $85 million, while diluted EPS rose by 37.9% to $0.40. Adjusted diluted EPS surged by 69.0% to $0.49. Adjusted EBITDA grew by 27.1% to $169 million, with a margin expansion of 350 basis points to 22.9%.
For the full year, revenue increased by 7.2% to $2.9 billion, with organic growth at 8.7%. Net income rose by 25.0% to $345 million, and diluted EPS increased by 24.6% to $1.62. Adjusted diluted EPS grew by 18.1% to $1.70. Adjusted EBITDA was up by 16.5% to $656 million, with a margin of 22.9%.
UL Solutions completed its IPO in April and generated $524 million in net cash from operating activities, with a free cash flow of $287 million. The company paid a dividend of $25 million in Q4 and ended the year with $298 million in cash and cash equivalents.
Looking ahead to 2025, UL Solutions expects mid-single digit organic revenue growth and aims to improve its Adjusted EBITDA margin to approximately 24%.
UL Solutions (NYSE: ULS) announced changes to its board of directors. Director Frank Coyne will not seek re-election at the 2025 annual meeting due to retirement policy, while Director Lisa Lambert will not stand for election for personal reasons. The board intends to nominate Vikram Kini, current SVP and CFO of Ingersoll Rand, as a new board member.
Coyne, who joined in 2012, served on the UL Research Institutes board from 2009 to 2017. Lambert has served since June 2021. Kini brings extensive financial leadership experience from his roles at Ingersoll Rand, Gardner Denver Holdings, General Electric, and SABIC. Following these changes, the board size will reduce from 13 to 12 members.
UL Solutions (NYSE: ULS) announced the development of a new Global Fire Science Center of Excellence in Northbrook, Illinois, reinforcing its leadership in fire safety testing. The facility, located on UL Solutions' 110-acre campus north of Chicago, will combine new construction with modernization of existing laboratories.
The center will provide enhanced research capabilities and testing services for various fire safety products, including sprinklers, fire extinguishers, and firefighting foam. It will serve customers from Asia, Europe, the Middle East, and North America, featuring a dedicated R&D hub for product safety development.
The facility aims to help manufacturers bring innovations to market faster while meeting safety standards and regulatory requirements. It will support customers in risk mitigation, building code compliance, and insurance requirements verification.
UL Solutions (NYSE: ULS) has announced a quarterly dividend increase of $0.005 per share, raising it to $0.13 per share. This adjustment brings the annual dividend rate to $0.52 per share, representing a 4% increase from the previous rate. The dividend will be paid on March 10, 2025, to shareholders of record as of February 28, 2025.