UL Solutions (ULS) News & Sentiment

I am changing my rating for UL Solutions to hold because their FY25 guidance is disappointing, showing a big slowdown in growth compared to FY24. They had strong results in FY24, with $739 million in revenue and a 69% increase in earnings per share. However, the management's guidance for FY25 indicates only moderate growth, which is affected by economic uncertainty and possible delays in product launches, affecting their short-term performance.

NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a worldwide leader in safety science, has introduced new testing options for low-global-warming-potential (LGWP) refrigerants at its lab in Zhongshan, China. This development will assist HVACR manufacturers in complying with new regulations and moving towards more eco-friendly refrigerants. It aims to respond to increasing worries about climate change from regulators, consumers, and other parties.

NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a worldwide leader in safety science, has announced plans to nominate a new board member while two current members will be leaving. Director Frank Coyne will not be nominated for the 2025 annual meeting due to the board's retirement policy. Additionally, Director Lisa Lambert has informed the board that she will not seek re-election.

NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a worldwide leader in safety science, has partnered with OpenEngagement, a firm that advises on stakeholder engagement and corporate governance. This collaboration aims to assist Australian businesses in understanding and meeting the new climate reporting rules in the country. They will use UL Solutions' knowledge in environmental, social, and governance (ESG) advisory services, as well as data management and software solutions.

NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a worldwide leader in safety science, has partnered with Korea's Ministry of Small and Medium-Sized Enterprises and Startups (MSS) to further their collaboration aimed at supporting growing industries and promoting technological innovation. This partnership, which began with a memorandum of understanding (MoU) signed in April 2023, assists South Korean startups in understanding product testing for the U.S. market. The next phase of this initiative includes.

I have a positive outlook on UL Solutions because it holds a top position in the outsourced product testing, inspection, and certification (TIC) market and enjoys considerable advantages due to its size. The company is benefiting from long-term trends, like the rise of electric vehicles, which boosts the need for its services. Recently, ULS has shown impressive growth, with its revenue increasing faster than the market, thanks to expanded testing capabilities and positive market conditions.

NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a worldwide leader in safety science, has announced that Mr. C Residences Jumeirah in Dubai has earned a Gold UL Verified SPIRE Smart Buildings™ Rating. This achievement makes it the first fully residential building globally to receive this detailed smart building performance rating, which is also the highest SPIRE™ rating awarded so far for any type of property. The Gold-level rating for Mr. C Residences Jumeirah is a significant milestone.

UL Solutions Inc. (ULS) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating increased confidence in the company's potential earnings. This positive outlook could lead to a rise in the stock price soon.

UL Solutions Inc., listed on the NYSE as ULS, operates in the business services sector and might not be well-known to everyone. However, you probably recognize its UL Mark, which is a logo inside a circle. This mark appears on various products, including home appliances, furniture, smart devices, plumbing items, smoke detectors, fire extinguishers, and computer equipment.