UL Solutions (ULS) Jefferies Global Industrials Conference 2026 summary

Company overview and strategic positioning

• Newly public as of April 2024, with a 132-year legacy in product testing, inspection, and certification.

• Mission-driven focus on safety and science, with deep, long-term customer relationships and a premium global brand mark.

• Operates through two main businesses: product testing/inspection/certification (industrial and consumer segments) and risk/compliance software.

• Leverages extensive data from billions of tested products to support clients' regulatory and sustainability needs.

• Growth underpinned by megatrends: energy transition, digitalization/AI, new mobility, sustainability, and supply chain shifts.

Financial performance and growth drivers

• Achieved $3.1 billion in global revenue last year, with 6.2% organic growth and a 6.9% CAGR.

• Certification testing revenue grew 10.9% year-to-date, with double-digit growth in power/automation and wire/cable sectors.

• Risk and compliance software segment shows strong growth in supply chain transparency and insights modules.

• Industrial segment is the largest and fastest-growing, with core businesses like automation and performance materials expanding at double digits.

• Consumer segment growth impacted by strategic business exits, but margin expansion is expected to be durable.

Portfolio management and strategic actions

• Regular long-range planning process evaluates leadership and profitability across sub-businesses.

• Exited underperforming consumer businesses and divested a slower-growth EHS software module to sharpen focus.

• Recent acquisition of Eurofins electrical and electronics business expands European footprint and medical device testing capabilities.

• Ongoing portfolio management includes winding down non-strategic holdings and targeting high-return investments.