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NORTHBROOK, Ill. - UL Solutions Inc. (NYSE:ULS), a $13.77 billion market cap company with an impressive 48.5% gross profit margin, announced Tuesday it is expanding its evaluation and verification services into the industrial software sector, with Siemens becoming the first recipient of UL Verified Marks for its industrial manufacturing software. According to InvestingPro data, the company maintains a "GREAT" financial health score, positioning it well for this strategic expansion.
The expansion focuses on technologies supporting the industrial metaverse, which uses digital tools like AI, digital twins and augmented reality to optimize physical manufacturing environments. This move comes as UL Solutions demonstrates strong market performance, with a year-to-date return of 38.26%. For deeper insights into UL Solutions’ growth strategy and financial metrics, InvestingPro subscribers have access to over 10 additional exclusive ProTips and comprehensive analysis.
UL Solutions has adapted its Smart Systems Rating Program to evaluate complex software-driven technologies used in manufacturing environments. The program assesses industrial control systems on factors including connectivity, functional value, resiliency, cybersecurity and digital experience.
Three Siemens offerings have received verification through this program. Siemens Industrial Growth and Digital Transformation Evaluation (IGNITE) earned a UL Verified Mark for its ability to assess manufacturing digital maturity. Meanwhile, Siemens Industrial Edge and Siemens virtual programmable logic controller both achieved Platinum ratings in the Smart Systems Rating Program.
"By extending our Marketing Claim Verification services into the industrial software space, we are strengthening our role as the trusted authority for enabling next-generation manufacturing technologies," said Upayan Sengupta, senior vice president, Testing, Inspection and Certification, Consumer, at UL Solutions.
Chris Stevens, senior vice president and general manager of U.S. Automation Business at Siemens, stated that earning the UL Verified Mark "gives our customers confidence and will encourage their adoption of industrial metaverse applications."
The verification program provides third-party evaluation to confirm that industrial software and automation tools perform as claimed and meet necessary benchmarks for performance, security and interoperability, according to the company’s press release. While UL Solutions trades at a relatively high P/E ratio of 40.47, suggesting premium valuation, detailed valuation analysis and comprehensive research reports are available through InvestingPro’s extensive financial toolkit.
In other recent news, UL Solutions reported second-quarter 2025 adjusted earnings per share of $0.52, slightly surpassing JPMorgan’s estimate of $0.49. However, the company’s organic, constant currency revenue growth of 5.5% year-over-year did not meet JPMorgan’s projection of 6.2%, with all three divisions underperforming expectations. In response to the earnings report, JPMorgan raised its price target for UL Solutions to $70, maintaining an Overweight rating. Stifel also reiterated its Buy rating and set a price target of $77, viewing the recent stock pullback as a buying opportunity. Additionally, UL Solutions announced the opening of its first commercial robot testing lab in Uiwang, South Korea, focusing on safety standards for service robots. The company declared a quarterly dividend of $0.13 per share, payable on September 8 to shareholders on record as of August 29. Furthermore, UL Solutions revealed changes to its executive team, with Alex Dadakis and Gitte Schjøtz taking on new roles effective September 1, signaling a strategic move for continued growth.
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