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.
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 has announced a cash dividend of US$0.011 per subordinate and multiple voting share for Q2 2021. This dividend will be paid on July 30, 2021 to shareholders on record as of July 19, 2021. GFL, one of North America's largest environmental services firms, employs over 15,000 individuals and operates extensively throughout Canada and 27 U.S. states. The company has designated this dividend as an eligible dividend under the Canadian Income Tax Act, emphasizing its commitment to returning value to shareholders.
GFL Environmental Inc. (GFL) announced the formation of the Resource Recovery Alliance (RRA) to comply with Ontario's extended producer responsibility regulation regarding the Blue Box program. RRA will integrate with GFL's existing services and has a definitive agreement to acquire Canadian Stewardship Services Alliance (CSSA), enhancing its resource recovery capabilities in Ontario and North America. The acquisition is expected to close in Q3 2021, creating a comprehensive compliance solution for producers and leveraging GFL's extensive network and CSSA's expertise.
GFL Environmental Inc. (NYSE: GFL) announced it will release its 2021 second-quarter financial results on July 28, 2021, after market close. An investor conference call is scheduled for July 29, 2021, at 8:30 am Eastern Time. Participants can access the call via the Company's Investors page or by dialing in. GFL, based in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, operating across Canada and 27 U.S. states with over 15,000 employees.
GFL Environmental Inc. has successfully closed a US$750 million offering of 4.750% senior notes due 2029. The proceeds will be used to redeem US$360 million of its 8.500% Senior Notes due 2027 and cover related costs. The redemption is set for June 11, 2021. Remaining funds will address GFL's revolving credit facility and support general corporate purposes, including potential acquisitions. This strategic move aims to enhance GFL's financial stability and operational flexibility in the environmental services sector.
GFL Environmental has announced the pricing of US$750 million in senior notes due 2029, an increase from the initial offering of US$600 million. The offering was oversubscribed and will be used to redeem US$360 million of 8.500% senior notes due 2027, along with related fees and to repay borrowings under its revolving credit facility. This financial move aims to enhance GFL's capital structure and support its acquisitions. The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers.
GFL Environmental Inc. (NYSE: GFL, TSX: GFL) announced plans for a private offering of US$600 million in senior notes due 2029. The company aims to use the proceeds primarily to redeem its US$360 million of existing 8.500% senior notes due 2027 and to pay related fees and interests. Remaining funds will be allocated to repay borrowings under its revolving credit facility. The notes will not be registered under the Securities Act and are offered only to qualified institutional buyers in compliance with applicable regulations.
GFL Environmental Inc. announced the results from its annual shareholder meeting held on May 19, 2021. All proposed items of business were approved, including the election of director nominees. Notably, Patrick Dovigi received 98.92% approval, while Violet Konkle achieved unanimous support. The final voting results will be filed on SEDAR and EDGAR. GFL is a leading environmental services company in North America, with over 15,000 employees. For further inquiries, Patrick Dovigi, the CEO, can be contacted.
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.