UL Solutions launched Retail Total Access on August 24, a software platform giving retailers a unified view of testing, inspection, and audit data. The launch followed the company's August 4 second-quarter report, which showed revenue of $816 million, up 5.2% from $776 million a year earlier, with organic growth of 6.6% and adjusted EBITDA up 11.2% to $219 million. Adjusted EBITDA margin expanded 140 basis points to 26.8%, while net income more than doubled to $254 million largely on a one-time gain from selling the Employee Health and Safety software unit. UL Solutions has not disclosed pricing, customer counts, or revenue targets for Retail Total Access, and said its features will continue to evolve and be released over time. Hedge fund ownership fell to 29 funds from 36 in the prior quarter, and the stock trades at a forward price-to-earnings ratio of 24.33 as of September 21.
UL Solutions Inc.UL Solutions launched Retail Total Access, a new software platform giving retailers a unified view of testing, inspection, and audit data.
China Dvlp Bk Finl Leasing Co