UL Solutions Raises Quarterly Dividend 11.5% to $0.145 Per Share
UL Solutions Inc., a global safety science leader in testing, inspection and certification services, increased its quarterly dividend to $0.145 per share for the first quarter of 2026, up from $0.13 per share previously.
UL Solutions Inc. (NYSE: ULS), a global safety science leader in independent third-party testing, inspection and certification services, raised its quarterly dividend by 11.5% to $0.145 per share for the first quarter of 2026. The company's previous quarterly dividend was $0.13 per share. Read more dividend announcements.
The dividend will be paid on March 12, 2026 to stockholders of record as of the close of business on March 2, 2026.
| Dividend Details | Amount/Date |
|---|---|
| Dividend Amount | $0.145 per share |
| Previous Amount | $0.13 per share |
| Increase | 11.5% |
| Record Date | March 2, 2026 |
| Payment Date | March 12, 2026 |
Strong 2025 Financial Performance
The dividend increase follows a strong 2025 performance for the Northbrook, Illinois-based company. Full-year revenue grew 6.4% to $3,053 million, including 6.2% organic growth. Net income of $345 million was unchanged from the prior year but included a $35 million pre-tax restructuring charge.
Adjusted net income for 2025 increased 17.2% to $423 million. Diluted earnings per share decreased 1.2% to $1.60, but adjusted diluted earnings per share rose 17.1% to $1.99.
UL Solutions reported record net cash flows from operating activities of $600 million for 2025, up from $524 million in 2024. Free cash flow reached $403 million, compared to $287 million in the prior year.
Fourth Quarter Results
Fourth quarter revenue grew 6.8% to $789 million, including 5.7% organic growth. Net income of $71 million decreased 16.5%, impacted by a $37 million pre-tax restructuring charge. Adjusted EBITDA increased 28.4% to $217 million, with adjusted EBITDA margin expanding 460 basis points to 27.5%.
The company paid a dividend of $0.13 per share, or $26 million, during the fourth quarter of 2025.
Capital Position and Outlook
As of December 31, 2025, UL Solutions had total debt of $494 million before unamortized debt issuance costs, down from year-end 2024 due to $253 million of net repayments on credit facilities. The company ended the year with $295 million in cash and cash-equivalents and $8 million in short-term investments.
For 2026, UL Solutions expects mid-single digit constant currency organic revenue growth and adjusted EBITDA margin improvement to between 26.5% and 27.0%. Capital expenditures are projected at 7% to 8% of revenue. The company also disclosed it signed a definitive agreement on February 12, 2026 to sell its Employee Health and Safety software business, with the transaction expected to close in the second quarter of 2026.