UL Solutions Inc. (ULS)
NYSE: ULS · Real-Time Price · USD
50.89
+1.44 (2.91%)
Dec 20, 2024, 4:00 PM EST - Market closed
UL Solutions Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 |
| Revenue | 2,815 | 2,678 | 2,520 | 2,517 | 2,301 | 2,315 |
| Revenue Growth (YoY) | 7.32% | 6.27% | 0.12% | 9.39% | -0.60% | - |
| Cost of Revenue | 1,455 | 1,398 | 1,313 | 1,338 | 1,270 | 1,280 |
| Gross Profit | 1,360 | 1,280 | 1,207 | 1,179 | 1,031 | 1,035 |
| Selling, General & Admin | 935 | 883 | 813 | 922 | 700 | 723 |
| Operating Expenses | 935 | 883 | 813 | 922 | 700 | 723 |
| Operating Income | 425 | 397 | 394 | 257 | 331 | 312 |
| Interest Expense | -54 | -35 | -17 | -1 | -1 | -1 |
| Interest & Investment Income | 9 | 12 | 1 | 7 | - | - |
| Earnings From Equity Investments | 1 | 1 | 2 | 11 | 3 | 3 |
| Currency Exchange Gain (Loss) | -2 | -2 | -11 | -2 | -16 | -8 |
| Other Non Operating Income (Expenses) | -1 | 3 | 5 | 2 | 2 | - |
| EBT Excluding Unusual Items | 378 | 376 | 374 | 274 | 319 | 306 |
| Merger & Restructuring Charges | - | - | -13 | - | - | - |
| Impairment of Goodwill | - | -37 | - | - | - | - |
| Gain (Loss) on Sale of Investments | - | 7 | 22 | - | 14 | 13 |
| Pretax Income | 402 | 346 | 383 | 274 | 333 | 319 |
| Income Tax Expense | 80 | 70 | 74 | 36 | 90 | 62 |
| Earnings From Continuing Operations | 322 | 276 | 309 | 238 | 243 | 257 |
| Minority Interest in Earnings | -19 | -16 | -16 | -14 | -12 | -11 |
| Net Income | 303 | 260 | 293 | 224 | 231 | 246 |
| Net Income to Common | 303 | 260 | 293 | 224 | 231 | 246 |
| Net Income Growth | 8.21% | -11.26% | 30.80% | -3.03% | -6.10% | - |
| Shares Outstanding (Basic) | 200 | 200 | 200 | 37 | - | - |
| Shares Outstanding (Diluted) | 200 | 200 | 200 | 37 | - | - |
| Shares Change (YoY) | 0.01% | - | 443.28% | - | - | - |
| EPS (Basic) | 1.51 | 1.30 | 1.47 | 6.08 | - | - |
| EPS (Diluted) | 1.51 | 1.30 | 1.47 | 6.08 | - | - |
| EPS Growth | 8.21% | -11.26% | -75.90% | - | - | - |
| Free Cash Flow | 282 | 252 | 208 | 314 | 368 | 237 |
| Free Cash Flow Per Share | 1.41 | 1.26 | 1.04 | 8.53 | - | - |
| Dividend Per Share | 0.050 | 0.400 | - | - | - | - |
| Gross Margin | 48.31% | 47.80% | 47.90% | 46.84% | 44.81% | 44.71% |
| Operating Margin | 15.10% | 14.82% | 15.63% | 10.21% | 14.39% | 13.48% |
| Profit Margin | 10.76% | 9.71% | 11.63% | 8.90% | 10.04% | 10.63% |
| Free Cash Flow Margin | 10.02% | 9.41% | 8.25% | 12.48% | 15.99% | 10.24% |
| EBITDA | 542 | 500 | 486 | 354 | 427 | 408 |
| EBITDA Margin | 19.25% | 18.67% | 19.29% | 14.06% | 18.56% | 17.62% |
| D&A For EBITDA | 117 | 103 | 92 | 97 | 96 | 96 |
| EBIT | 425 | 397 | 394 | 257 | 331 | 312 |
| EBIT Margin | 15.10% | 14.82% | 15.63% | 10.21% | 14.38% | 13.48% |
| Effective Tax Rate | 19.90% | 20.23% | 19.32% | 13.14% | 27.03% | 19.44% |
Source: S&P Capital IQ. Standard template. Financial Sources.