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$254 million in second-quarter net income is what UL Solutions Inc. (NYSE: ULS) posted for the period ended June 30, a 161.9% year-over-year jump that lifted diluted EPS to $1.21.
The surge traces to the gain on the sale of the Employee Health and Safety software business inside the Risk & Compliance Software segment.
Back that out, and adjusted net income rose 17.3% to $129 million, with adjusted diluted EPS of $0.59 versus $0.52 a year earlier.
The adjusted read Revenue grew 5.2% year over year to $816 million, with organic revenue running hotter at 6.6%, led by the Industrial and Consumer segments.
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