GFL Environmental Inc. provides environmental services in North America, with operations centered on non-hazardous solid waste collection, transfer, recycling and disposal. Its Environmental Services activities include liquid waste management and soil remediation, alongside a solid waste platform serving Canadian and U.S. markets.
Company news commonly covers operating results and guidance, acquisition activity that expands or densifies local waste-service networks, dividend declarations, share repurchase programs, capital-structure updates and shareholder governance matters. Recent corporate updates also include completed solid waste acquisitions such as Frontier Waste Solutions in Texas.
GFL Environmental Inc. (NYSE: GFL) has announced the opening of registration for its inaugural Investor Day, scheduled for May 24, 2022, in New York City. This event aims to provide insights into the Company's growth strategies, capital allocation, sustainability initiatives, and financial objectives. For those unable to attend in person, presentations will be available via live audio webcast. GFL is a leading environmental services provider in North America, employing over 18,000 individuals and offering a diverse range of waste management services.
GFL Environmental has reached an agreement with the Canadian Competition Bureau regarding its acquisition of Terrapure Environmental's solid waste and environmental services, completed on August 17, 2021. As part of the agreement, GFL will divest four liquid waste facilities and three tank farms in Western Canada, projected to generate approximately $20 million in annual revenue for 2022. This agreement resolves the Bureau's legal action against GFL, allowing the company to move forward with the divestiture promptly.
GFL Environmental has declared a 10% increase in its quarterly cash dividend for subordinate and multiple voting shares, rising from US$0.011 to US$0.012 per share. This dividend will be paid on April 29, 2022, to shareholders of record by April 18, 2022. The company has classified this dividend as an eligible dividend under the Canadian Income Tax Act. Headquartered in Vaughan, Ontario, GFL is a leading environmental services company with over 18,000 employees across North America.
GFL Environmental Inc. (GFL) announced a Consent Judgment with EGLE to address issues related to odor complaints at its Arbor Hills Landfill. Though the complaints predate GFL's acquisition, the company agreed to implement best odor management practices. GFL will undertake three environmental projects: a household hazardous waste drop-off program, a perimeter emissions monitoring system, and a vegetative barrier installation. This commitment aligns with GFL’s ongoing investment in landfill improvements, including a renewable natural gas facility aimed at converting landfill gas to renewable energy.
GFL Environmental Inc. (NYSE: GFL, TSX: GFL) filed its annual report on Form 40-F with the U.S. SEC and Canadian securities regulators, including audited consolidated financial statements for the year ending December 31, 2021. Available on GFL's investor website, the report reflects the company's status as North America's fourth largest diversified environmental services firm, employing over 18,000 personnel. Shareholders can request hard copies of the complete financial statements at no charge.
GFL Environmental reported a strong performance for Q4 2021 and the full year, with revenue increasing by 24.6% to $1.54 billion in Q4 and by 31.7% to $5.53 billion for the year. Adjusted EBITDA rose by 24.8% to $388.3 million in Q4 and by 35.9% to $1.46 billion annually. However, the company faced a net loss of $77.4 million in Q4 and $606.8 million for the year. GFL's 2022 guidance anticipates revenue between $6.27 and $6.37 billion, with adjusted EBITDA between $1.69 and $1.73 billion. Notably, GFL plans to divest its infrastructure services division for enhanced strategic focus.
GFL Environmental Inc. (NYSE: GFL) has announced it will release its fourth quarter and full year 2021 financial results and provide a 2022 outlook after market close on February 9, 2022. An investor conference call will occur on February 10, 2022, at 8:30 am Eastern Time. GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, employing over 18,000 people and offering a range of waste management services across Canada and more than half of the U.S.
The Board of Directors of GFL Environmental has declared a cash dividend of US$0.011 per share for the fourth quarter of 2021. This dividend will be paid on January 31, 2022, to shareholders on record as of January 18, 2022. Designated as an eligible dividend under the Income Tax Act of Canada, GFL is the fourth largest diversified environmental services provider in North America, employing over 18,000 people.
OPAL Fuels has announced a 50/50 joint venture with GFL Renewables to develop renewable natural gas (RNG) production facilities in the U.S. The projects will capture methane emissions from GFL's landfills, converting them into RNG for heavy-duty trucking. The Michigan facility aims to produce 2 million MMBtu annually, while the North Carolina site will generate over 1 million MMBtu per year. The Michigan project is set for early 2023 operations, continuing OPAL's commitment to sustainable energy and reducing carbon emissions.
GFL Environmental announced a joint venture with OPAL Fuels to develop renewable natural gas (RNG) facilities at Arbor Hills Landfill in Michigan and Sampson County Landfill in North Carolina. Both projects will convert methane gas from landfill systems into pipeline-quality RNG. The Arbor Hills project aims to produce 2 million MMBtu annually, with operations set to start by Q1 2023. The Sampson project expects to produce 1 million MMBtu, commencing operations by Q2 2023. GFL's investment totals approximately US$70 million, potentially generating annual cash flow of US$40-45 million.