ULS Q1 revenue +7.5% to $758M; announces €575M E&E acquisition and two divestitures

Filed May 5, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~2 min read

Key Changes

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  Announced €575M acquisition of electrical and electronics testing business (E&E Transaction), expected to close Q4 2026 subject to regulatory approvals. Deal includes €34.5M break fee if ULH fails to file required documents on time or conditions aren't met by October 2027.

  MD&A: E&E acquisition verify on EDGAR →
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  Completed sale of Employee Health and Safety software business for ~$202M cash, generating expected $191M pre-tax gain in Q2 2026. Separately agreed to sell 28% DQS equity stake for ~€105M, generating expected $100M gain upon H2 2026 closing.

  MD&A: Divestitures verify on EDGAR →
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  Q1 2026 revenue grew 7.5% to $758M (5.7% organic), driven by Industrial and Consumer segments. Operating income rose 26.6% to $138M (18.2% margin, +270bp). Free cash flow jumped 46% to $150M on stronger collections and customer prepayments.

  MD&A: Q1 Results verify on EDGAR →