
UL Solutions Earnings: Very Strong Organic Top-Line Results, but Risk/Reward Is Less Attractive Now
UL Solutions posted solid third-quarter results, with revenue of $823 million up 7% organically, while adjusted EBITDA margin expanded 90 basis points to 28.6%. Management raised its full-year organic top-line guidance to 6.5% from a mid-single-digit percentage, inclusive of divestitures.