ULS Q1 2023 Earnings — UL Solutions Inc. Revenue & Financial Results | Market Cap Arena

ULSUL Solutions Inc.

$16B

Q1 2023 Earnings

Industrials Specialty Business Services

Income Statement

Revenue

$629M+1.0% YoY

Gross Profit

$294M46.7% margin

Operating Income

$75M11.9% margin

Net Income

$55M8.7% margin

EPS (Diluted)

$0.28

QoQ Revenue Growth

+0.0%

Cash Flow

Operating Cash Flow

$161M

Free Cash Flow

$98M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$1.8B

Stockholders' Equity

$1.1B

Cash & Equivalents

$418M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$629M	$623M	+1.0%
Gross Profit	$294M	$299M	-1.7%
Operating Income	$75M	$103M	-27.2%
Net Income	$55M	$85M	-35.3%