ULS Q2 2023 Earnings — UL Solutions Inc. Revenue & Financial Results | Market Cap Arena

ULSUL Solutions Inc.

$16B

Q2 2023 Earnings

Industrials Specialty Business Services

Income Statement

Revenue

$689M+6.8% YoY

Gross Profit

$337M48.9% margin

Operating Income

$117M17.0% margin

Net Income

$94M13.6% margin

EPS (Diluted)

$0.47

QoQ Revenue Growth

+9.5%

Cash Flow

Operating Cash Flow

$59M

Free Cash Flow

$9M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$1.7B

Stockholders' Equity

$1.2B

Cash & Equivalents

$413M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$689M	$645M	+6.8%
Gross Profit	$337M	$302M	+11.6%
Operating Income	$117M	$102M	+14.7%
Net Income	$94M	$60M	+56.7%