Gfl Environmental Inc Stock Price, News & Analysis

GFL Environmental reported a first-quarter revenue of $1,186.6 million, a 27.4% increase year-over-year. Adjusted EBITDA rose 37.6% to $306.6 million, with an Adjusted EBITDA margin of 25.8%, up from 23.9%. Despite a net loss of $226.2 million, Adjusted Net Income stood at $12.7 million. Operating cash flows surged 523.7% to $212.7 million. The company anticipates a guidance increase due to solid waste volume recovery, although challenges persist from COVID-19 restrictions in Canada.

GFL Environmental has successfully closed a secondary offering of 17.5 million subordinate voting shares at a price of US$33.95 per share, generating US$594.125 million in gross proceeds for the selling shareholders, including BC Partners and Ontario Teachers' Pension Plan. GFL will not receive any proceeds from this transaction. Additionally, the underwriters have an option to purchase up to 2.625 million additional shares for US$89.118 million within 30 days. GFL remains a major player in North America's environmental services sector, employing over 15,000 people.

GFL Environmental has announced a secondary offering of 17.5 million subordinate voting shares at an offering price of US$33.95 per share, resulting in total gross proceeds of US$594.1 million for the Selling Shareholders. The offering includes an over-allotment option for an additional 2.6 million shares, potentially raising another US$89.1 million. GFL will not receive any proceeds from this transaction. The shares will be available across Canada and in the U.S. through a prospectus. The offering is subject to customary closing conditions, expected to close around April 23, 2021.

GFL Environmental Inc. announced a 10% increase in its regular quarterly cash dividend, raising it from US$0.01 to US$0.011 per share. This dividend will be paid on April 30, 2021 to shareholders of record as of April 19, 2021. The dividend is classified as an eligible dividend under the Income Tax Act of Canada. GFL is the fourth largest diversified environmental services company in North America, with over 15,000 employees, providing various waste management services across Canada and 27 U.S. states.

GFL Environmental Inc. (NYSE: GFL) has announced the release of its 2021 first quarter financial results after market close on May 5, 2021. An investor conference call will be held on May 6, 2021, at 8:30 am Eastern Time, where investors can access a live audio webcast via the Company’s Investors page. GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, servicing over 4 million households and more than 135,000 commercial customers.

GFL Environmental Inc. has announced a definitive agreement to acquire the solid waste and environmental solutions business of Terrapure Environmental for C$927.5 million. This acquisition excludes Terrapure's battery recycling business. Terrapure, which serves over 7,000 customers in Canada, generated approximately C$365 million in revenue in 2020. The acquisition is expected to enhance GFL's capabilities, create C$45 million in Adjusted Free Cash Flow, and provide C$12.5 million in annual cost synergies. The deal is subject to customary closing conditions, with an expected completion in late 2021.

GFL Environmental has pledged a $300,000 donation to enhance critical care facilities at the Whistler Health Care Centre. This funding is part of the trauma room upgrade campaign, which is crucial for the treatment of approximately 1,500 patients annually. GFL's contribution helped the Whistler Health Care Foundation exceed its $1.5 million fundraising goal. The ongoing project aims to renovate the existing trauma rooms for better functionality and access to advanced medical equipment, ensuring high-quality critical care in the community.

GFL Environmental Inc. has filed its annual report on Form 20-F with the SEC, including audited financial statements for the year ending December 31, 2020. The report is accessible via EDGAR and SEDAR, along with the Company’s Investor page. GFL, based in Vaughan, Ontario, stands as North America's fourth-largest diversified environmental services firm, offering non-hazardous waste management, soil remediation, and liquid waste services across Canada and the U.S. The workforce boasts over 15,000 employees.

GFL Environmental Inc. (NYSE: GFL) announces the appointment of Violet Konkle as an independent director and Audit Committee member. Konkle brings extensive experience, having served as President and CEO of the Brick Ltd. and held executive roles at Walmart Canada and Loblaws. The company also reports the resignation of Shahir Guindi, a director since 2018, who contributed significantly during his tenure. GFL is a leading environmental services firm in North America, with over 15,000 employees, focusing on waste management and remediation services.