ULS Q2 2024 Earnings — UL Solutions Inc. Revenue & Financial Results | Market Cap Arena

ULSUL Solutions Inc.

$16B

Q2 2024 Earnings

Industrials Specialty Business Services

Income Statement

Revenue

$730M+6.0% YoY

Gross Profit

$366M50.1% margin

Operating Income

$126M17.3% margin

Net Income

$101M13.8% margin

EPS (Diluted)

$0.51

QoQ Revenue Growth

+9.0%

Cash Flow

Operating Cash Flow

$103M

Free Cash Flow

$47M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$2.0B

Stockholders' Equity

$769M

Cash & Equivalents

$295M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$730M	$689M	+6.0%
Gross Profit	$366M	$337M	+8.6%
Operating Income	$126M	$117M	+7.7%
Net Income	$101M	$94M	+7.4%

Revenue Segments

Software

$68M100%