Welcome to our dedicated page for Gfl Environmental news (Ticker: GFL), a resource for investors and traders seeking the latest updates and insights on Gfl Environmental stock.
The GFL Environmental Inc. (GFL) news page on Stock Titan aggregates company announcements, market disclosures and other updates related to its subordinate voting shares. GFL describes itself as the fourth largest diversified environmental services company in North America, with a focus on non-hazardous solid waste management and environmental services such as liquid waste management and soil remediation. Headquartered in Vaughan, Ontario, the company operates through a platform of facilities throughout Canada and in 18 U.S. states.
News items for GFL commonly include earnings releases and financial guidance, where the company reports quarterly and full-year results and provides outlooks for future periods. These releases are often accompanied by details of investor conference calls and webcasts. Investors can also find announcements about dividends on subordinate voting and multiple voting shares, including record and payment dates and Canadian tax designations.
Another recurring category of GFL news involves capital markets transactions, such as private offerings of senior notes and secondary offerings by selling shareholders, as well as share repurchase activity. The company has also issued news on corporate and strategic actions, including transactions related to its investment in Green Infrastructure Partners, a vertically integrated infrastructure company.
Because GFL operates in the environmental services and solid waste management sector, its updates can provide insight into its operational performance, capital allocation decisions and corporate structure changes. For investors tracking GFL stock (NYSE: GFL, TSX: GFL), this news page offers a centralized view of company-issued information, helping users follow developments in earnings, dividends, financing activities and other material events.
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.
GFL Environmental (GFL) reported a 37.8% revenue increase in Q4 2020, reaching $1,235.6 million. Adjusted EBITDA surged 49.0% to $311.2 million, while the adjusted EBITDA margin improved by 190 basis points to 25.2%. Despite these gains, GFL faced a net loss of $486.7 million in Q4 and $994.9 million for the year. Looking forward, GFL projects 2021 revenue between $5,040 million and $5,140 million, with adjusted EBITDA forecasted at $1,340 million to $1,380 million.
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GFL Environmental Inc. (NYSE: GFL) will release its fourth quarter and full year 2020 financial results on February 22, 2021. An investor conference call will be held on February 23, 2021, at 8:30 am ET. GFL, based in Vaughan, Ontario, is a leading environmental services company in North America, serving over 135,000 customers and providing waste collection to more than 4 million households. The company employs over 15,000 people and offers services across Canada and in 27 U.S. states.