Description

UL Solutions’ Post-IPO Playbook: Industrial Growth, New Labs, and the Challenges of Scaling – Initiation Of Coverage Report

UL Solutions reported a strong performance in the second quarter of 2024, marking a continuation of growth across all segments and geographies. This performance included an 8.4% increase in organic growth, resulting in $730 million in revenue. The company benefited significantly from high demand in its Industrial segment and saw positive trends in its Consumer and Software & Advisory segments. Adjusted EBITDA grew by 11.6% and the adjusted EBITDA margin expanded by 120 basis points. Adjusted net income rose by 5.6%, reaching $131 million in free cash flow for the first six months of the year.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!