UL Solutions Inc. (NYSE: ULS)

UL Solutions Inc. is a global safety science leader that provides Testing, Inspection and Certification (TIC) services and related software and advisory offerings to customers worldwide. The company draws on a heritage dating back to 1894 and operates laboratories and technical experts that support product safety, security and sustainability across industries.

UL Solutions Inc. generates revenue from four core service categories: Certification Testing, Ongoing Certification Services, Noncertification Testing and Other Services, and Software. In 2025, these accounted for approximately 28%, 33%, 30%, and 9% of total revenue, respectively. The firm serves manufacturers, builders, technology companies, retailers, healthcare companies, and automotive suppliers in more than 110 countries, offering testing, inspection, certification, and software solutions that help customers meet regulatory requirements and manage risk.

The company operates through the following segments: Industrial, Consumer, and Software and Advisory.

• Industrial: Provides testing, inspection and certification services for products in energy, industrial automation, engineered materials such as plastics and wire and cable, and the built environment, serving manufacturers, building and asset owners, end users and regulators.

• Consumer: Offers product market acceptance and risk mitigation services for consumer electronics, medical devices, information technology, appliances, HVAC, lighting, retail softlines and hardlines, and emerging areas such as new mobility, smart products and 5G, including safety certification testing, ongoing certification, global market access, connectivity and performance testing, and critical systems advisory and training.

• Software and Advisory: Delivers software as a service, license based software, implementation, training and advisory solutions that help customers manage regulatory compliance, achieve supply chain transparency and operationalize sustainability, covering areas such as chemical management, ESG data, EHS training and other regulatory driven applications.

UL Solutions Inc. is the largest testing, inspection and certification provider headquartered in North America by revenue, with a global network of laboratories that supports more than 650 technical accreditations and over 1,200 standards panel participations. The company holds over 350 independent third party conformity assessment qualifications and can test and certify against more than 4,000 global standards, while owning the widely recognized UL mark. Competitive advantages include its extensive technical expertise, broad geographic reach, strong reputation, and a track record of integrity that has earned recognition from governments and international bodies.

UL Solutions Inc. serves more than 80,000 customers across over 110 countries, including manufacturers, builders, technology firms, retailers, healthcare companies, and automotive suppliers. The diverse base spans industries such as energy, consumer electronics, medical devices, appliances, and construction, reflecting the wide applicability of its testing, inspection, certification, and software offerings.