UL Solutions posts strong Q3 results and raises organic growth outlook
UL Solutions reported third-quarter 2026 revenue of $823 million on November 3, up 5.1% year over year and including 7.0% organic growth. Net income rose 10.4% to $117 million, while adjusted diluted EPS increased 10.7% to $0.62 and adjusted EBITDA rose 8.3% to $235 million. The company raised its full-year organic revenue growth outlook to approximately 6.5% and maintained an expected adjusted EBITDA margin of approximately 27.0%.
Why it matters
The higher organic growth outlook raises UL Solutions' expected 2026 top-line performance, while the approximately 27.0% adjusted EBITDA margin target preserves its profitability objective. Management's outlook includes approximately 200 basis points of underlying margin expansion, partly offset by approximately 90 basis points of incremental transaction costs versus 2025.
Key facts
- 1Third-quarter revenue was $823 million, up 5.1% year over year, including 7.0% organic revenue growth. sec.gov
- 2Third-quarter net income was $117 million, while adjusted net income was $135 million. sec.gov
- 3Adjusted diluted earnings per share increased 10.7% to $0.62, compared with diluted earnings per share of $0.53. sec.gov
- 4Adjusted EBITDA was $235 million, with an adjusted EBITDA margin of 28.6%. sec.gov
- 5The company expects full-year constant currency organic revenue growth of approximately 6.5% and adjusted EBITDA margin improvement to approximately 27.0%. stocktitan.net
Open questions
- report different same-day share-price reactions, with one describing a 1.8% decline and the other a 10.3% surge; the timing or measurement basis is unclear.
- reports a $686M Eurofins Scientific SE transaction figure, but the primary results material provided does not include that amount in the available text.
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.