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GFL Environmental Inc. Subordinate Voting Shares - GFL STOCK NEWS

Welcome to our dedicated page for GFL Environmental Subordinate Voting Shares news (Ticker: GFL), a resource for investors and traders seeking the latest updates and insights on GFL Environmental Subordinate Voting Shares stock.

GFL Environmental Inc. (NYSE: GFL, TSX: GFL) is a prominent environmental services company based in Vaughan, Ontario. As the fourth largest diversified environmental services company in North America, GFL offers a wide array of services including solid waste management, liquid waste management, and soil remediation. With over 140 strategically located facilities across Canada and Michigan, GFL provides essential services to more than 2.5 million households and over 80,000 industrial, commercial, and institutional customers.

GFL's core business lines include the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste, which generates the majority of their revenue. Their Environmental Services segment encompasses liquid waste management and soil remediation services. The company derives most of its revenue from operations in the United States, with significant activities also in Canada.

GFL is committed to sustainability and environmental responsibility. Recent projects include sustainability investments and the ongoing execution of a robust M&A strategy aimed at enhancing their market footprint. The company has recently announced growth capital expenditures focused on sustainability and accretive opportunities, with an expected deployment of up to $900 million in 2024. These investments are anticipated to generate substantial incremental Adjusted EBITDA starting from Q4 2024.

Financially, GFL is focused on disciplined capital allocation to achieve an investment-grade credit rating. They have outlined a clear strategy to de-lever the business and maintain a strong balance sheet. GFL's first Renewable Natural Gas (RNG) facility at Arbor Hills is now online, and several other RNG projects are projected to come online between Q4 2024 and 2026.

With a workforce of over 20,000 employees, GFL's unwavering commitment to safety, compliance, and customer service excellence sets them apart as a leader in the environmental services industry. Their comprehensive approach and ongoing innovation ensure they meet and exceed environmental and legislative requirements, fostering greater environmental responsibility within the communities they serve.

News

GFL Environmental Inc. Announces Upsize and Pricing of Secondary Offering by Selling Shareholders

Rhea-AI Summary
GFL Environmental Inc. announced a secondary offering of 21,000,000 subordinate voting shares at US$34.45 per share by Selling Shareholders, with RBC Capital Markets as underwriters. GFL will not receive any proceeds from the offering.
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GFL Environmental Inc. Announces Secondary Offering of 17,000,000 Subordinate Voting Shares by Selling Shareholders

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GFL Environmental Inc. announces the intention of Selling Shareholders to offer 17,000,000 subordinate voting shares for sale. The Company will not receive any proceeds from the Offering. RBC Capital Markets, LLC and RBC Dominion Securities Inc. will act as underwriters for the Offering. The Shares will be offered in all provinces and territories of Canada by way of a Prospectus Supplement to the Company's Base Shelf Prospectus.
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GFL Environmental Reports Fourth Quarter and Full Year 2023 Results; Provides Full Year 2024 Guidance

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GFL Environmental Inc. reported solid fourth-quarter 2023 results with a 7.9% increase in Solid Waste price, resulting in $1,882.8 million in revenue, and a 19.1% rise in Adjusted EBITDA. Full-year 2023 highlights include a 9.8% increase in Solid Waste price, generating $7,515.5 million in revenue, and a 21.1% increase in Adjusted EBITDA. The company also announced a full-year 2024 revenue estimate of $8,000 million and an estimated Adjusted EBITDA of $2,215 million.
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GFL Environmental Inc. Sets Date for Full Year 2023 Earnings Release and 2024 Guidance

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GFL Environmental Inc. announces the release of its fourth quarter and full year 2023 financial results and 2024 guidance, with an investor conference call scheduled for February 21, 2024. The live audio webcast can be accessed through the Company's Investors page or by dialing in toll-free. Participants are encouraged to pre-register for the conference call to gain immediate access.
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GFL Environmental Inc. Announces Quarterly Dividend

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GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) declares a cash dividend of US$0.013 per outstanding subordinate voting share and multiple voting share for Q4 2023, to be paid on January 31, 2024. The dividend is designated as an eligible dividend within the meaning of the Income Tax Act (Canada).
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GFL Environmental Inc. Prices Upsized Private Offering of Senior Secured Notes

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GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) announced the pricing of US$1 billion in aggregate principal amount of 6.750% senior secured notes due 2031 in a significantly oversubscribed transaction. The offering was upsized by US$300 million over the previously announced size. GFL intends to use the net proceeds to repay its Term Loan A Facility and most outstanding borrowings under its Revolving Credit Facility, resulting in expected annualized cash interest savings of approximately $5 million. The Notes Offering will extend a portion of the Company's debt maturity to 2031 and provide greater flexibility for future refinancings.
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GFL Environmental Inc. Provides Update on 2024 Capital Allocation Strategy

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GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) provided an update on its capital allocation strategy for 2024, focusing on sustainability investments and M&A opportunities. The company plans to deploy $250-300 million in renewable natural gas projects and $600-650 million in M&A opportunities. GFL expects these investments to generate $80-100 million of incremental Adjusted EBITDA, contributing to a target of at least $2.2 billion of Adjusted EBITDA in 2024.
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GFL Environmental Inc. Announces Proposed Private Offering of Senior Secured Notes

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GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) announced a private offering of US$700 million in senior secured notes due 2030, aiming to use the net proceeds to repay outstanding borrowings and provide greater flexibility for future refinancings.
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BGL Announces the Sale of Fielding Environmental to GFL Environmental Inc.

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GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) has acquired Fielding Environmental, a leading fully integrated environmental solutions provider in the greater Toronto area. The acquisition is expected to drive GFL's future growth by expanding its capabilities and permit portfolio, enabling closed-loop environmental solutions benefitting the circular economy.
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GFL Environmental Reports Third Quarter 2023 Results

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GFL Environmental Inc. announced its Q3 2023 results, with revenue of $1,890.0 million, a 10.3% increase excluding divestitures. Adjusted EBITDA was $530.3 million, a 12.0% increase. Net income from continuing operations was $18.3 million. Year-to-date completed acquisitions generated approximately $325 million in annualized revenue.
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FAQ

What is the current stock price of GFL Environmental Subordinate Voting Shares (GFL)?

The current stock price of GFL Environmental Subordinate Voting Shares (GFL) is $44.88 as of December 20, 2024.

What is the market cap of GFL Environmental Subordinate Voting Shares (GFL)?

The market cap of GFL Environmental Subordinate Voting Shares (GFL) is approximately 17.7B.

What services does GFL Environmental Inc. provide?

GFL Environmental Inc. offers solid and liquid waste management services, as well as soil remediation services.

Where is GFL Environmental Inc. headquartered?

GFL Environmental Inc. is headquartered in Vaughan, Ontario, Canada.

What is the main source of revenue for GFL Environmental Inc.?

The main source of revenue for GFL Environmental Inc. is their solid waste management business, which includes collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste.

How many facilities does GFL operate?

GFL operates over 140 facilities across Canada and Michigan.

What recent sustainability projects has GFL undertaken?

GFL's recent sustainability projects include the development of Renewable Natural Gas (RNG) facilities, with the first one now online at Arbor Hills, and several more expected to come online between Q4 2024 and 2026.

How many employees does GFL have?

GFL employs more than 20,000 people.

What are GFL's plans for 2024?

In 2024, GFL plans to deploy up to $900 million in growth capital expenditures focused on sustainability investments and M&A strategies to densify their existing footprint.

What is the focus of GFL's growth capital expenditures?

GFL's growth capital expenditures are focused on sustainability investments and densifying their existing footprint through strategic M&A activities.

What is GFL's approach to financial management?

GFL is focused on disciplined capital allocation, sustainability investments, and de-levering the business to achieve an investment-grade credit rating.

What is the market focus of GFL Environmental Inc.?

GFL Environmental Inc. focuses on providing environmental services primarily in Canada and the United States, with a significant portion of revenue generated from U.S. operations.

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GFL Environmental Inc. Subordinate Voting Shares

NYSE:GFL

GFL Rankings

#587 Ranked by Market Cap
#2119 Ranked by Dividends

GFL Stock Data

17.72B
370.85M
2.97%
81.26%
1.96%
Waste Management
Industrials
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United States of America
Vaughan