UL Solutions (ULS) reported second-quarter 2026 revenue of $816 million, up 5.2% from $776 million a year earlier. Organic revenue growth was 6.6%, led by the Industrial and Consumer segments.
Net income rose to $254 million from $97 million, while diluted earnings per share increased to $1.21 from $0.45. The company said the net income margin increase reflected a gain on the sale of its Employee Health and Safety software business, higher revenue and operating leverage.
- Second-quarter revenue was $816 million, up 5.2% year over year.
- Net income was $254 million, up 161.9% from the second quarter of 2025.
- Diluted earnings per share were $1.21, compared with $0.45 a year earlier.
- Adjusted EBITDA was $219 million, with adjusted EBITDA margin of 26.8%.
- For the first six months of 2026, operating cash flow was $379 million and free cash flow was $241 million.
- The company ended the quarter with $434 million in cash and cash equivalents and total debt of $303 million before unamortized debt issuance costs.
- UL Solutions maintained its 2026 outlook for mid-single-digit constant currency organic revenue growth and adjusted EBITDA margin of about 27.0%.
$ULS Insider Trading Activity
$ULS insiders have traded $ULS stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $ULS stock by insiders over the last 6 months:
- JENNIFER F. SCANLON (President and CEO) has made 0 purchases and 9 sales selling 37,500 shares for an estimated $3,453,618.
- GITTE SCHJOTZ (See Remarks) has made 0 purchases and 2 sales selling 21,880 shares for an estimated $2,154,723.
- ALBERTO UGGETTI (EVP & CCO) has made 0 purchases and 2 sales selling 8,445 shares for an estimated $844,242.
- FRIEDRICH HECKER sold 4,000 shares for an estimated $408,174
- KAREN K PEPPING (Senior VP & CAO) sold 725 shares for an estimated $70,861
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ULS Hedge Fund Activity
We have seen 204 institutional investors add shares of $ULS stock to their portfolio, and 151 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL INTERNATIONAL INVESTORS removed 1,969,469 shares (-24.5%) from their portfolio in Q1 2026, for an estimated $168,803,187
- PICTET ASSET MANAGEMENT HOLDING SA added 903,083 shares (+7290.0%) to their portfolio in Q2 2026, for an estimated $91,988,034
- GHISALLO CAPITAL MANAGEMENT LLC removed 899,273 shares (-64.3%) from their portfolio in Q1 2026, for an estimated $77,076,688
- NEUBERGER BERMAN GROUP LLC added 836,568 shares (+184.3%) to their portfolio in Q1 2026, for an estimated $71,702,243
- DURABLE CAPITAL PARTNERS LP added 727,993 shares (+28.4%) to their portfolio in Q1 2026, for an estimated $62,396,280
- PRICE T ROWE ASSOCIATES INC /MD/ added 620,127 shares (+60.4%) to their portfolio in Q1 2026, for an estimated $53,151,085
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 609,790 shares (-10.1%) from their portfolio in Q1 2026, for an estimated $52,265,100
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
