UL Solutions Inc-A 2025年季度报告

(Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedSeptember 30, 2025 OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from________ to _________ Commission file number001-42012 UL Solutions Inc. (Exact name of registrant as specified in its charter) 27-0913800 Delaware (State or other jurisdiction of incorporation ororganization) (I.R.S. Employer Identification No.) 333 Pfingsten RoadNorthbrook,Illinois60062(Address of Principal Executive Offices and zip code)(847)272-8800Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to suchfiling requirements for the past 90 days.Yesx Noo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit andpost such files).Yesx Noo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yeso No x The registrant had outstanding62,753,870shares of Class A common stock, par value $0.001 per share, and138,130,000shares of Class B commonstock, par value $0.001 per share, as of October 24, 2025. UL Solutions Inc.Table of Contents PART I. FINANCIAL INFORMATION2ITEM 1. Condensed Consolidated Financial Statements (Unaudited)2Condensed Consolidated Statements of Operations2Condensed Consolidated Statements of Comprehensive Income3Condensed Consolidated Balance Sheets4Condensed Consolidated Statements of Stockholders’ Equity5Condensed Consolidated Statements of Cash Flows6Notes to the Condensed Consolidated Financial Statements7ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations17ITEM 3. Quantitative and Qualitative Disclosures About Market Risk36ITEM 4. Controls and Procedures37PART II. OTHER INFORMATION38ITEM 1. Legal Proceedings38ITEM 1A. Risk Factors38ITEM 5. Other Information38ITEM 6. Exhibits38SIGNATURE40 PART I. FINANCIAL INFORMATION UL Solutions Inc.Condensed Consolidated Statements of Operations(Unaudited) UL Solutions Inc.Condensed Consolidated Statements of Comprehensive Income(Unaudited) UL Solutions Inc.Condensed Consolidated Balance Sheets(Unaudited) UL Solutions Inc.Condensed Consolidated Statements of Stockholders’ Equity(Unaudited) UL Solutions Inc.Condensed Consolidated Statements of Cash Flows(Unaudited) UL Solutions Inc.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1.Significant Accounting Policies Description of Business UL Solutions Inc. is a global safety science leader that provides independent third-party testing, inspection and certification servicesand related software and advisory offerings. Underwriters Laboratories Inc. (“UL Research Institutes”) is the sole member of ULSEInc. (“UL Standards & Engagement”), which controls the majority of the voting power of the Company’s common stock. References to “UL Solutions” and the “Company” refer to UL Solutions Inc. and its consolidated subsidiaries as a whole, unless thecontext otherwise requires. Basis of Presentation The condensed consolidated financial statements are unaudited and have been prepared in accordance with applicable rules andregulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included inannual financial statements prepared in accordance with accounting principles generally accepted in the United States of America(“GAAP”) have been omitted. The condensed consolidated financial statements should be read in conjunction with the auditedconsolidated financial statements for the year ended December31, 2024 included in the Company’s Annual Report on Form 10-K. It ismanagement’s opinion that these financial statements include all normal and recurring adjustments necessary for a fair statem