Latest news with #ULSolutions'
Business Wire
15-05-2025
- Automotive
- Business Wire
UL Solutions Launches Advanced Battery Testing Center in Europe
NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS) today announced the opening of its Europe Advanced Battery Testing Laboratory in Aachen, Germany, which will test batteries used in electric vehicles (EVs) and large-scale energy storage systems, significantly expanding the company's battery technology testing capabilities and its European footprint. Driven by the increasing demand for reliable battery testing services, the facility was purpose-built from the ground up to evaluate EV and industrial battery products during the research and development phases of battery manufacturing. The facility will also offer comprehensive evaluations of finished products to determine whether they meet safety and performance requirements, enabling original equipment manufacturers to access global markets. 'Our new location in Germany provides us with access to the region's deep engineering talent and places us close to many of our key European customers,' said Jennifer Scanlon, president and CEO of UL Solutions. 'We are meeting our customers where they are, helping the automotive and power sectors safely innovate in a world increasingly reliant on battery storage.' The new laboratory replaces a smaller leased facility that was part of UL Solutions' 2024 acquisition of battery testing and simulation company BatterieIngenieure. That acquisition significantly increased UL Solutions' capacity for conducting tests, advanced simulations and in-depth failure analysis of battery technologies. A key strength of the new facility is its capability for estimating battery lifespans, a crucial factor for both manufacturers and consumers. The opening of the UL Solutions Aachen laboratory arrives at a pivotal moment for the global energy transition and electrification. The International Energy Agency notes strong EV market growth, fueling a surge in battery demand, which jumped 35% in 2023 and is projected to increase tenfold. Battery storage is also expanding rapidly in the power sector, with deployments rising over 130% in 2023. This facility is strategically located in North Rhine-Westphalia and is UL Solutions' first in the EU solely focused on comprehensive battery testing services. It is home to dedicated battery science experts who conduct rigorous tests to determine cell, module and battery lifetimes, as well as evaluate safety and performance. Specialized tests meticulously measure the ability to withstand a host of potential threats, hazards and adverse conditions, including misuse, off-gassing and thermal runaway, a chemical reaction that causes a battery to increase in temperature and pressure rapidly and can lead to fire and explosions. These tests help demonstrate that customers' innovative technologies meet safety and performance standards established by UL Standards & Engagement, the International Electrotechnical Commission, the Society of Automotive Engineers, the United Nations and other globally recognized organizations. The UL Solutions Europe Advanced Battery Laboratory adds to our global network of testing facilities focused on battery technologies. These include: North America Advanced Battery Laboratory, Auburn Hills, Michigan Advanced Battery Testing Laboratory in Northbrook, Illinois EV Charging Test Laboratories in Fremont, California; Northbrook, Illinois, and Frankfurt, Germany UL Solutions E-Mobility and Energy Laboratory in Changzhou, China Advanced Battery Testing and Engineering Laboratory in Pyeongtaek, South Korea CHAdeMO EV–Quick Charger Matching Center in Ise, Mie, Japan EV and Micromobility Laboratory in Luzhu, Taiwan About UL Solutions A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, software products, and advisory offerings that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. Source Code: ULS-IR
Yahoo
05-04-2025
- Business
- Yahoo
UL Solutions Inc.'s (NYSE:ULS) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Most readers would already be aware that UL Solutions' (NYSE:ULS) stock increased significantly by 10% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to UL Solutions' ROE today. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for UL Solutions is: 37% = US$345m ÷ US$931m (Based on the trailing twelve months to December 2024). The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.37 in profit. View our latest analysis for UL Solutions We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. To begin with, UL Solutions has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 20% which is quite remarkable. Despite this, UL Solutions' five year net income growth was quite low averaging at only 4.8%. This is generally not the case as when a company has a high rate of return it should usually also have a high earnings growth rate. We reckon that a low growth, when returns are quite high could be the result of certain circumstances like low earnings retention or or poor allocation of capital. We then compared UL Solutions' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 10% in the same 5-year period, which is a bit concerning. Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for ULS? You can find out in our latest intrinsic value infographic research report. While UL Solutions has a decent three-year median payout ratio of 29% (or a retention ratio of 71%), it has seen very little growth in earnings. So there could be some other explanation in that regard. For instance, the company's business may be deteriorating. In addition, UL Solutions only recently started paying a dividend so the management must have decided the shareholders prefer dividends over earnings growth. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 26%. However, UL Solutions' future ROE is expected to decline to 26% despite there being not much change anticipated in the company's payout ratio. In total, it does look like UL Solutions has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
25-03-2025
- Business
- Yahoo
UL Solutions Opens Ningbo Retail and Consumer Products Laboratory to Help Manufacturers Advance Quality and Safety
The new facility expands testing capabilities in the region and supports product innovation for retail and consumer product manufacturers in a dynamic market. NORTHBROOK, Ill., March 25, 2025--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, announced the opening of its new Retail and Consumer Products Laboratory in Ningbo, China, supporting the rapidly evolving needs of the retail and consumer product industry marked by changes in consumer expectations, sourcing strategies, regulatory compliance and demand for sustainable and innovative products. Strategically located in Ningbo, near the existing UL Solutions laboratory in Shanghai, the new 58,000-square-foot laboratory provides enhanced efficiency, faster response times and localized expertise to manufacturers in Greater China. This laboratory expands UL Solutions' network in the Yangtze River Delta, a leading retail and consumer products manufacturing center, and is in close proximity to its existing laboratory in Shanghai. "Today's opening of our new Ningbo laboratory demonstrates our dedication to safety and excellence in the retail industry," said Jennifer Scanlon, president and CEO of UL Solutions. "Our investment here is a testament to how we are advancing our capabilities, expertise and infrastructure to help enable retailers' success, both now and in the future." The Ningbo facility offers a comprehensive suite of safety, quality, performance and chemical testing capabilities for textiles, footwear, furniture and electronics packaging under one roof, helping to streamline the testing process. Enhanced capabilities — such as newly added furniture flammability testing — support manufacturers from design to market launch. On-site subject matter experts will be available to collaborate with customers in real time, leveraging UL Solutions' global safety science network of retail and consumer product experts, who work to foster collaboration among retailers, brands and suppliers to help address industry challenges. "Our Ningbo laboratory reinforces our commitment to the retail and consumer product sectors and our many customers in the Greater China region," said Weifang Zhou, executive vice president and president of Testing, Inspection and Certification at UL Solutions. "We are eager to continue to work with our customers and help them demonstrate compliance, enhance safety and drive sustainable growth and success." In the nearby Caohejing Hi-Tech Park in Shanghai, UL Solutions also serves the sector with its Retail and Consumer Test Laboratory, a 65,000-square-foot facility, which provides a comprehensive suite of safety, quality and performance testing services for retail and consumer products. The Shanghai facility tests products ranging from personal care products and jewelry to luggage and toys. These services include banned substance and chemical testing, functional and performance testing, stability testing, chemical management and ingredient reviews. UL Solutions recently added enhanced capabilities at the Shanghai facility to address dietary supplements, over-the-counter and pharmaceutical medications, cosmetics and personal care products. In addition to the Ningbo and Shanghai facilities, UL Solutions offers retail and consumer product testing at 18 dedicated facilities globally. They are located near some of the world's major retail and consumer product manufacturing centers, including Cabiate, Italy (near Milan); Dhaka, Bangladesh; Gurugram, India; Ho Chi Minh City, Vietnam; Lowell, Arkansas; and Shenzhen, China. Find out more about UL Solutions services for the retail and consumer products industry. About UL Solutions A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. Source Code: ULS-IR View source version on Contacts Investors: Dan Scott/Rodny Nacier, ICR Media: Kathy FiewegerSVP and Chief Corporate Communications 312-852-5156
Yahoo
23-02-2025
- Business
- Yahoo
Four Days Left To Buy UL Solutions Inc. (NYSE:ULS) Before The Ex-Dividend Date
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that UL Solutions Inc. (NYSE:ULS) is about to go ex-dividend in just 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Therefore, if you purchase UL Solutions' shares on or after the 28th of February, you won't be eligible to receive the dividend, when it is paid on the 10th of March. The company's upcoming dividend is US$0.13 a share, following on from the last 12 months, when the company distributed a total of US$0.52 per share to shareholders. Calculating the last year's worth of payments shows that UL Solutions has a trailing yield of 1.0% on the current share price of US$53.01. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing. See our latest analysis for UL Solutions Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. UL Solutions paid out just 3.3% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances. A useful secondary check can be to evaluate whether UL Solutions generated enough free cash flow to afford its dividend. It distributed 35% of its free cash flow as dividends, a comfortable payout level for most companies. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. Click here to see the company's payout ratio, plus analyst estimates of its future dividends. When earnings decline, dividend companies become much harder to analyse and own safely. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. UL Solutions's earnings per share have plummeted approximately 36% a year over the previous three years. Given that UL Solutions has only been paying a dividend for a year, there's not much of a past history to draw insight from. Should investors buy UL Solutions for the upcoming dividend? UL Solutions has comfortably low cash and profit payout ratios, which may mean the dividend is sustainable even in the face of a sharp decline in earnings per share. Still, we consider declining earnings to be a warning sign. In summary, while it has some positive characteristics, we're not inclined to race out and buy UL Solutions today. On that note, you'll want to research what risks UL Solutions is facing. Case in point: We've spotted 2 warning signs for UL Solutions you should be aware of. Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Simply Wall St has no position in any stocks mentioned.
Yahoo
10-02-2025
- Business
- Yahoo
UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws
The relationship will help enterprises in Australia provide required climate-related reporting, including greenhouse gas emissions across the supply chain NORTHBROOK, Ill., February 10, 2025--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a global leader in applied safety science, and OpenEngagement, an independent stakeholder engagement and corporate governance advisory firm, today announced a relationship to help Australian companies navigate and comply with the country's new mandatory climate reporting requirements. The relationship will leverage UL Solutions' expertise in environmental, social and governance (ESG) advisory services, data management and software solutions, including the UL Solutions ULTRUS™ software portfolio, encompassing centralized and unified digital offerings to help customers manage regulatory, supply chain and sustainability challenges. OpenEngagement will provide strategic guidance and support to customers throughout the reporting process, helping them to address climate-related risks and opportunities. "Strong ESG performance is now a strategic imperative for long-term business success," said Ken Wilson, Australasia regional director at UL Solutions. "With the new climate law in Australia, the evolving regulations, like the Corporate Sustainability Reporting Directive, and a dynamic global ESG landscape, organizations must demonstrate transparency, attract responsible investors and build sustainable operations. Our new relationship with OpenEngagment will allow us to serve customers better and further complement our comprehensive suite of ESG verification services and software, including our UL 360 ESG data management software, part of ULTRUS™ software, that helps businesses simplify the complexities of ESG excellence." Australia's recent passage of the Treasury Laws Amendment bill introduces mandatory climate-related reporting for large and medium-sized companies, including disclosures on climate-related risks and opportunities and greenhouse gas emissions across the supply chain. This legislation marks a significant step toward enhancing climate transparency and accountability in the Australian market. "OpenEngagement is thrilled to be chosen as UL Solutions' strategic partner for ESG and sustainability reporting in Australia," said Brendan Henry, CEO of OpenEngagement. "We founded OpenEngagement on the premise that we would only offer solutions that provide real value to our customers. With the 2025 enactment of mandatory climate-related reporting requirements, the combination of the award-winning UL 360 ESG data management software and proven pre-assurance methodologies provides an impactful solution." UL Solutions also delivers enterprise sustainability services and other verification-related services, such as environmental product declarations and zero-waste-to-landfill claim validation services. UL Solutions' ESG advisory and assurance services recently earned the company recognition as an Innovator in the Verdantix Green Quadrant: ESG and Sustainability Assurance Services 2024 report for strong technical expertise in assurance over environmental metrics — particularly carbon emissions — as well as a comprehensive portfolio of assurance services and support for manufacturing firms with complex supply chains. In addition, the ULTRUS™ software platform, which also provides environmental, health and safety (EHS) services, earned recognition in the Verdantix Green Quadrant: EHS Software 2025 report — the first time as a unified software platform — for helping companies meet the increasing demand of ESG and sustainability regulations and providing scalable tools to help large enterprises tackle global compliance challenges. About UL SolutionsA global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection, and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Solutions Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. About OpenEngagementOpenEngagement is an independent stakeholder engagement and corporate governance advisory firm based in Sydney, Australia, and is prominent throughout Australasia. View source version on Contacts Media: Tyler KhanUL SolutionsULNews@ T: +1 (847) 664.2139 Steven BrewsterUL SolutionsULNews@ T: +1 (847) 664.8425 Sign in to access your portfolio
