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UL Solutions Inc
Services - testing laboratories
Company website ↗About
UL Solutions is a global leader in safety science, providing independent testing, inspection, and certification ("TIC") services, along with software and advisory ("S&A") services. Founded in 1894 as part of the nonprofit Underwriters Electrical Bureau, it owns the UL-in-a-circle certification mark ("UL Mark"), seen on billions of products worldwide. The organization offers global market access services, ensuring product safety and quality while supporting clients in managing risks throughout product lifecycle processes. Its extensive knowledge and expertise in global safety science are seen as a strong competitive edge over other global TIC service providers.
Central to this organization are over 9,600 scientists, engineers, and other specialized technical and regulatory experts. This technical team, cultivated over many years, distinguishes the business.
Headquarters
333 Pfingsten Road Northbrook, Illinois 60062
Financial information
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Year Ended December 31,
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(in millions, except per share data)
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2023 | 2022 | 2021 | ||||||||||||||
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Consolidated Statements of Operations Data:
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| Revenue | $ | 2,678 | $ | 2,520 | $ | 2,517 | |||||||||||
| Cost of revenue | 1,398 | 1,313 | 1,338 | ||||||||||||||
| Selling, general and administrative expenses | 875 | 795 | 892 | ||||||||||||||
| Goodwill impairment | 37 | — | — | ||||||||||||||
| Operating income | 368 | 412 | 287 | ||||||||||||||
| Interest expense | (35) | (17) | (1) | ||||||||||||||
| Other (expense) income, net | 13 | (12) | (12) | ||||||||||||||
| Income tax expense | (70) | (74) | (36) | ||||||||||||||
| Net income | $ | 276 | $ | 309 | $ | 238 | |||||||||||
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Diluted earnings per share
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$ | 1.30 | $ | 1.47 | $ | 6.08 | |||||||||||
Underwriters
Goldman Sachs/ J.P.Morgan/ BofA Securities/ Citigroup/ Jefferies/ UBS Investment Bank
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Investments
Information
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