UL Solutions Inc. Reports Strong Fourth Quarter and Full-Year 2025 Results, Announces 2026 Growth Outlook and Increases Quarterly Dividend (Form 8-K)

UL Solutions Inc. Reports Strong Fourth Quarter and Full-Year 2025 Results, Announces 2026 Growth Outlook and Increases Quarterly Dividend

Fourth Quarter 20251

•Strong revenue growth of 6.8% to $789 million, including 5.7% organic growth

•Net income of $71 million, including a $37 million pre-tax restructuring charge, decreased 16.5%, Adjusted Net Income of $114 million increased 11.8%

•Diluted earnings per share of $0.32 decreased 20.0%, Adjusted Diluted Earnings Per Share of $0.53 increased 8.2%

•Adjusted EBITDA of $217 million increased 28.4%, Adjusted EBITDA margin of 27.5% expanded 460 basis points

Full-Year 20252

•Strong revenue growth of 6.4% to $3,053 million, including 6.2% organic growth

•Net income of $345 million, including a $35 million pre-tax restructuring charge, unchanged from prior period, Adjusted Net Income of $423 million increased 17.2%

•Diluted earnings per share of $1.60 decreased 1.2%, Adjusted Diluted Earnings Per Share of $1.99 increased 17.1%

•Adjusted EBITDA of $792 million increased 20.7%, Adjusted EBITDA margin of 25.9% expanded 300 basis points

•Record net cash flows provided by operating activities of $600 million

•Introduces 2026 growth outlook, expecting continued momentum in underlying business performance

NORTHBROOK, ILLINOIS, USA - (BUSINESS WIRE) - February 19, 2026 − UL Solutions Inc. (NYSE: ULS), a global safety science leader in independent third-party testing, inspection and certification services and related software and advisory offerings, today reported results for the fourth quarter and full-year ended December 31, 2025.

"I'm incredibly proud of our team's outstanding performance, with fourth quarter and full-year results exceeding guidance," said President and CEO Jennifer Scanlon. "Surpassing $3 billion in annual revenue for the first time is a significant milestone, reflecting our business model's strength and resilience during an environment of changing global dynamics. We delivered safety, security and sustainability solutions backed by trusted, science-based expertise to over 80,000 customers as they brought their products to complex global markets."

Scanlon added: "We are well positioned in 2026 for continued high-quality growth thanks to strategic investments we've made to support our customers' innovations, including our focus on megatrends such as the global energy transition and rapid AI-fueled digitalization. Our disciplined capital allocation and commitment to operational excellence through continuous improvement reinforce our growth trajectory."

Chief Financial Officer Ryan Robinson stated: "We delivered record financial results for the full-year 2025 amid sustained demand in all geographic regions, with Adjusted EBITDA margin of 25.9%, an increase of 300 basis points from the prior year, and cash flow from operations of $600 million. Strong organic growth, continued Adjusted EBITDA margin expansion and robust cash flow generation demonstrate the essential role we play helping customers worldwide. Our operational initiatives, including laboratory productivity gains and footprint optimization, drove meaningful Adjusted EBITDA margin improvement. Looking ahead to 2026, we anticipate mid-single digit constant currency organic revenue growth while continuing to improve our Adjusted EBITDA margin, and we remain confident in our ability to deliver sustainable long-term value."

Fourth Quarter 2025 Financial Results

Revenue of $789 million compared to $739 million in the fourth quarter of 2024, an increase of 6.8%. Organic growth of 5.7%, led by Consumer and Industrial segments.

Pre-tax charges associated with the previously announced expense reduction initiative (the "Restructuring Plan") of $37 million.

Net income of $71 million compared to $85 million in the fourth quarter of 2024, a decrease of 16.5%. Net income margin of 9.0% compared to 11.5% in the fourth quarter of 2024, a decrease of 250 basis points. The margin decrease resulted from an increased income tax rate and restructuring charges noted above, partially offset by higher revenue and operating leverage.

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