UL Solutions Inc (FRA:72R)

Q4 2024 UL Solutions Inc Earnings Call Transcript

Feb 20, 2025 / 01:30 PM GMT

Release Date Price: €54

Transcript 10-K8-K

Key Points

Positve

UL Solutions Inc (ULS) reported strong organic growth of 8.7% for the full year 2024, with revenues reaching $2.9 billion.
The industrial segment led with 11.9% organic growth, marking seven consecutive quarters of double-digit growth.
Adjusted EBITDA margin expanded by 190 basis points, reflecting improved profitability.
The company generated $287 million in free cash flow, demonstrating robust cash generation capabilities.
UL Solutions Inc (ULS) successfully completed its IPO and follow-on offering, strengthening its financial position.

Negative

The company anticipates a potential normalization of demand in ongoing certification services in 2025, which may impact growth.
There is a projected increase in the effective tax rate to approximately 26% in 2025, up from 16.9% in 2024.
Foreign exchange headwinds are expected to create a 1% revenue impact in 2025.
The consumer segment's margins were slightly below consensus expectations, despite being up year-over-year.
The company faces challenges in maintaining double-digit growth in the industrial segment due to steeper comparisons.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ULS.N - UL Solutions Inc
Q4 2024 UL Solutions Inc Earnings Call
Feb 20, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the UL Solutions 4th quarter 2024 earnings call. All participants will be in listen-only mode. Should you need assistance, please signal conference specialists by pressing the start key followed by 0. After today's remarks, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on your Touchstone phone. To withdraw your question, please press star, then 2. Please note this event is being recorded. I would now like to turn the conference over to Mitchell G, senior Vice President of corporate finance. Please go ahead.

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Unidentified_2 [2]
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