UL Solutions Q3 revenue $823 million, lifts organic growth outlook to ~6.5%

UL Solutions reported Q3 revenue of $823 million, up 5.1% year over year, with organic growth of 7.0%. Net income rose 10.4% to $117 million. Adjusted EBITDA margin expanded 90 basis points to 28.6%. The company raised its full-year organic revenue growth outlook to approximately 6.5% and expects Adjusted EBITDA margin of approximately 27.0%. It completed the $686 million acquisition of Eurofins' E&E business on October 1 and sold its DQS Holding stake for about $117 million on October 30.