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 reported strong financial results for Q4 2022, achieving a 26.5% increase in revenue to $1,821.2 million and a 13.7% organic revenue growth. Adjusted EBITDA rose by 17.0% to $439.8 million. However, the company experienced a net loss from continuing operations of $219.1 million. For the full year, revenues grew by 31.6% to $6,761.3 million, alongside an Adjusted EBITDA increase of 22.0%. The company provided guidance for 2023, anticipating revenues between $7,550 million and $7,650 million and an Adjusted EBITDA between $2,000 million and $2,050 million.
GFL Environmental (NYSE: GFL) announced enhancements to its financing agreements on January 31, 2023. The amendments extend the maturity of its senior secured term loan to May 31, 2027, while transitioning to a SOFR-based interest benchmark. These changes lead to a reduced cost of capital and an increase of $275 million in its revolving credit facility, aimed at funding growth and acquisitions. GFL expects to maintain its credit rating and leverage levels post-refinancing. CEO Patrick Dovigi emphasized the positive reception from institutional investors, underlining the trust built through GFL's growth strategies. An earnings call is planned for February 22, 2023.
GFL Environmental Inc. (NYSE: GFL) has announced the release date for its fourth quarter and full year 2022 earnings, set for February 21, 2023, after market close. The company will also provide guidance for 2023 and hold a conference call on February 22, 2023, at 8:30 am ET. Investors can access the call via the company's Investors page or by phone. GFL operates as the fourth largest diversified environmental services company in North America, employing over 19,500 workers and offering services in solid waste management, liquid waste management, and soil remediation.
GFL Environmental Inc. has declared a cash dividend of US$0.012 per subordinate and multiple voting share for Q4 2022. This dividend is payable on January 31, 2023 to shareholders who hold shares as of the close of business on January 18, 2023. The company, headquartered in Vaughan, Ontario, is recognized as the fourth largest diversified environmental services firm in North America, employing over 19,500 staff across its operations in Canada and the U.S.
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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.
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