Gfl Environmental Inc Stock Price, News & Analysis

GFL Environmental reported strong Q3 2022 results with revenue soaring 32.6% to $1,831.2 million, boosted by a 15.3% organic growth and significant contributions from acquisitions. Adjusted EBITDA increased by 18.4% to $473.3 million, although net loss from continuing operations was $183.7 million. The company increased its full-year revenue guidance to between $6,600 million and $6,650 million, anticipating at least 12.0% revenue growth in 2023. Despite challenges, GFL maintains leverage within targets and aims for improved margins through effective pricing strategies.

On October 6, 2022, GFL Environmental declared a cash dividend of US$0.012 per share for Q3 2022. This dividend is payable on October 31, 2022 to shareholders on record as of October 17, 2022. The company has classified this dividend as an eligible dividend under the Income Tax Act of Canada. Additionally, GFL announced that its investor conference call for Q3 financial results will take place at 10:00 AM ET on November 3, 2022, rescheduled from the previous time.

GFL Environmental Inc. (NYSE: GFL) has announced the release of its 2022 third quarter financial results, scheduled for November 2, 2022, after market close. A conference call for investors will follow on November 3, 2022, at 8:30 am Eastern Time. This event marks an important opportunity for investors to gain insights into the company’s performance. GFL is a leading environmental services provider in North America, employing over 19,000 individuals.

GFL Environmental Inc. has won the NWRA 2022 Recycling Facility of the Year award for its Multi Material Recovery Campus in Toronto, Ontario. This recognition highlights GFL's commitment to innovation, partnership, public education, and environmental impact. The Toronto campus features two highly advanced MRFs that operate continuously, handling the recycling needs of about 4 million households. Since 2010, it has processed over 3.5 million tons of material. GFL is the fourth largest environmental services company in North America, employing over 19,000 people.

GFL Environmental reported a 40.4% revenue increase to $1,707.5 million in Q2 2022, fueled by 13.5% organic growth. Adjusted EBITDA rose by 34.2% to $453.3 million, with a margin of 26.5%. Solid Waste prices surged by 7.3% and surcharges by 1.9%, marking record highs. Net income reached $82.6 million. The company completed 28 acquisitions this year, contributing approximately $360 million in annualized revenue. GFL has increased its full-year revenue guidance by $375 million, anticipating continued growth despite inflation and cost pressures.

GFL Environmental Inc. (NYSE: GFL) has declared a cash dividend of US$0.012 per share for Q2 2022, effective for both subordinate and multiple voting shares. The dividend will be distributed on July 29, 2022, to shareholders on record as of July 18, 2022. This dividend is classified as an eligible dividend under the Canadian Income Tax Act. GFL is the fourth largest diversified environmental services company in North America, employing over 18,000 individuals.

On May 24, 2022, GFL Environmental held its inaugural Investor Day in New York City, detailing strategic initiatives since its IPO in March 2020. The Company reaffirmed its 2022 full-year guidance and outlined three potential growth scenarios for 2022-2025, focusing on debt reduction and acquisitions funded by adjusted free cash flow. GFL targets an organic revenue growth of 5% annually, with anticipated adjusted EBITDA margin expansion. By 2026, adjusted free cash flow could range from $1,050 million to $1,350 million, demonstrating its commitment to growth and sustainability.

On May 18, 2022, GFL Environmental Inc. (NYSE: GFL) announced the positive results of its annual meeting of shareholders, where all proposed items were approved. Notably, each director nominee received overwhelming support, with votes ranging from 91.07% to 99.91% in favor. The company continues to expand its position as a leading environmental services provider in North America, employing over 18,000 people. Full voting results will be available on SEDAR and EDGAR.

GFL Environmental Inc. announced the acceptance of its normal course issuer bid (NCIB) by the TSX, which will run from May 12, 2022, to May 11, 2023. The company intends to repurchase up to 16,510,694 subordinate voting shares, representing 5% of its outstanding shares, through various market transactions. CEO Patrick Dovigi emphasized that the repurchase reflects the company's growth potential and is a strategic use of available cash. The decision will be weighed against other growth opportunities and financial guidelines.