UL Solutions Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-06

UL Solutions (NYSE:ULS) Third Quarter 2024 Results Key Financial Results Revenue: US$731.0m (up 8.1% from 3Q 2023). Net income: US$88.0m (up 66% from 3Q 2023). Profit margin: 12% (up from 7.8% in 3Q ...

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The increase in margin was driven by higher revenue.NYSE:ULS Earnings and Revenue Growth November 6th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 3.1%. Earnings per share  also surpassed analyst estimates by 17%.Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the US.The company's shares are down 2.0% from a week ago.We should say that we've discovered 1 warning sign for UL Solutions that you should be aware of before investing here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TUYA":"涂鸦智能","UL":"联合利华(英国)","ULS":"UL Solutions Inc"},"translate_title":"UL Solutions 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TUYA":1,"UL":1,"ULS":1},"content_text":"UL Solutions (NYSE:ULS) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$731.0m (up 8.1% from 3Q 2023).\nNet income: US$88.0m (up 66% from 3Q 2023).\nProfit margin: 12% (up from 7.8% in 3Q 2023). The increase in margin was driven by higher revenue.\nEPS: US$0.44 (up from US$0.27 in 3Q 2023).\n\n\n\n\n  NYSE:ULS Earnings and Revenue Growth November 6th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nUL Solutions Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 17%. \n Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the US. \nPerformance of the American Professional Services industry.\n The company's shares are down 2.0% from a week ago. \nRisk Analysis\n We should say that we've discovered 1 warning sign for UL Solutions that you should be aware of before investing here. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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