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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 731M | 0.1% |
| Gross Profit | 358M | 2.2% |
| Cost of Revenue | 373M | 2.5% |
| Operating expense | 228M | 5% |
| Net Income | 88M | 12.9% |
| EBITDA | 130M | 22.2% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.88B | 4.9% |
| Total Liabilities | 1.98B | 1.3% |
| Total Equity | 896M | 16.5% |
| Shares Outstanding | 202M | 1% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 150M | 45.6% |
| Cash from financing | -43M | 60.9% |
EPS
Financial Highlights for UL Solutions in Q3 '24
UL Solutions reported a revenue of 731M, which is a 0.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 358M, marking a -2.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 373M, a 2.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 228M, showing a -5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 88M, showing a -12.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 130M, showing a -22.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
UL Solutions faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
