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Gfl Environmental Inc - GFL STOCK NEWS

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.

Overview

GFL Environmental Inc (GFL) is a diversified environmental services company in North America that delivers comprehensive solutions in solid waste management, liquid waste management, and soil remediation. With a robust network of strategically located facilities across Canada and the United States, GFL provides high-quality non-hazardous waste collection, transportation, recycling, disposal services, and specialized environmental remediation services. This expansive operational platform is designed to meet the needs of municipal clients as well as diverse industrial, commercial, and institutional customer groups.

Business Model and Operations

At its core, GFL is built on a three‐pillar model: solid waste management forms the backbone of its service offering, ensuring efficient collection and transfer operations in compliance with local regulatory standards. This segment is complemented by its liquid waste management services and soil remediation solutions that address specialized environmental challenges. GFL’s geographical segmentation between Canada and the United States allows the company to serve a breadth of markets and capitalizes on regional regulatory frameworks and customer needs.

Infrastructure and Service Network

The company operates an extensive network of facilities that provide localized service and operational resilience, ensuring reliability and efficiency. Its service model relies on strong contractual relationships with municipalities and large-scale commercial customers, positioning GFL as an essential partner in promoting safe and sustainable waste management practices. The quality of service is underpinned by a committed team of professionals who adhere to rigorous safety and compliance standards.

Competitive Position and Industry Expertise

GFL differentiates itself through a combination of operational efficiency, strategic asset placement, and a strong commitment to customer service. Unlike many competitors, the company integrates multiple service lines under one umbrella, which not only optimizes logistics and pricing structures but also enables comprehensive environmental solutions tailored to varied market demands. This integrated approach, alongside adherence to stringent environmental and legislative requirements, underscores GFL’s credibility and expertise in handling complex environmental challenges.

Commitment to Quality and Compliance

GFL places paramount importance on safety, customer satisfaction, and regulatory compliance. The company’s operational protocols are designed to meet or exceed environmental standards, ensuring that each facility operates with high efficiency and reliability. The organization’s emphasis on adherence to environmental and legislative mandates fosters trust among its customers and reinforces its reputation as a seasoned player in the environmental services sector.

Investor and Market Relevance

For investors and industry analysts, GFL is recognized as a significant entity within the environmental services landscape. Its diversified service lines and extensive geographical coverage offer insightful perspectives on how regulatory changes and operational efficiencies drive sector performance. The company’s structured approach to waste processing and environmental management enables it to serve as a benchmark for integrated service delivery, making it an interesting case study in sustainable, large-scale operations.

Frequently Asked Questions

  • What core services does GFL Environmental offer?
    GFL provides solid waste management, liquid waste management, and soil remediation services. Its offerings range from waste collection and recycling to specialized environmental cleanup operations.

  • How is GFL structured geographically?
    The company operates across Canada and the United States, with a vast network of facilities designed to serve both municipal and commercial clients.

  • What distinguishes GFL from its competitors?
    GFL’s comprehensive integration of multiple environmental service lines and its emphasis on safety, operational efficiency, and local service delivery sets it apart in the market.

  • Who are GFL's primary customers?
    Its customer base includes municipalities as well as industrial, commercial, and institutional clients seeking reliable waste management and environmental remediation services.

  • How does GFL ensure compliance with environmental regulations?
    The company maintains rigorous safety and compliance standards across all facilities, ensuring that all operations meet or exceed applicable environmental and legislative requirements.

  • What is the importance of GFL's diversified service model?
    Its diversified service model allows GFL to optimize operational efficiencies, manage risk effectively and provide comprehensive environmental solutions tailored to various market needs.

Rhea-AI Summary

GFL Environmental reported strong Q2 2024 results, surpassing guidance and raising full-year 2024 outlook for the second time. Key highlights include:

- Revenue of $2,060.0 million, up 11.1% excluding divestitures
- Adjusted EBITDA of $591.1 million, up 13.9% excluding divestitures
- Adjusted EBITDA margin of 28.7%, up 90 basis points
- Solid Waste price increase of 6.5% excluding divestitures
- Year-to-date acquisitions generating ~$100 million in annualized revenue

GFL raised its full-year 2024 guidance, projecting Adjusted EBITDA of $2,240-$2,250 million and an Adjusted EBITDA margin of 28.4%, up 170 basis points year-over-year. The company is exploring potential asset sales, including its Environmental Services business, to accelerate deleveraging and fund stock buybacks.

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GFL Environmental (NYSE: GFL) has announced a quarterly cash dividend of US$0.014 per subordinate and multiple voting share for Q2 2024. The dividend is payable on July 31, 2024, to shareholders recorded by July 15, 2024. This dividend is categorized as an eligible dividend under Canada's Income Tax Act.

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GFL Environmental has successfully amended its $725 million senior secured term loan. The amendment reduces the borrowing rate from SOFR +250 basis points to SOFR +200 basis points and extends the loan's maturity from 2027 to 2031. This move comes after a recent credit rating upgrade and was significantly oversubscribed. CEO Patrick Dovigi highlighted that this repricing will help increase free cash flow, extend debt maturities, and maintain balance sheet flexibility. Over the last 12 months, GFL has reduced its senior secured term loan spread by 110 basis points and aims to achieve a net leverage target between 3.65x and 3.85x by year-end. The company is also focusing on achieving an investment-grade credit rating in the medium term.

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GFL Environmental Inc. (NYSE: GFL) will announce its Q2 2024 financial results on Wednesday, July 31, 2024, after market close. The company will hold an investor conference call on Thursday, August 1, 2024, at 8:30 am Eastern Time.

Participants can listen to the live audio webcast via the Investors page on GFL's website or join toll-free by dialing specific numbers in Canada and the United States. Pre-registration for the call is encouraged for quick access.

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GFL Environmental announced the pricing of $500 million in 6.625% senior notes due 2032. The offering was significantly oversubscribed, resulting in an effective interest rate of 6.101% post-swap. The proceeds, along with cash on hand, will be used to redeem all $500 million of GFL's 4.250% Senior Secured Notes due 2025, which have a 4.805% effective rate. This move aligns with GFL's strategy to transition more debt from secured to unsecured and extend debt maturities while preserving balance sheet flexibility. The refinancing is expected to be leverage neutral and have minimal impact on free cash flow due to offsetting cash tax savings.

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GFL Environmental announced plans for a private offering of US$500 million in senior notes due 2032. The proceeds will be used to redeem the company's existing US$500 million 4.250% Senior Secured Notes due 2025, along with related fees and interest. The new notes will be issued by a US subsidiary and guaranteed by GFL and certain other subsidiaries. The company aims to shift more debt from secured to unsecured, extend debt maturities, and maintain balance sheet flexibility. The refinancing is expected to be leverage neutral, with incremental interest expenses offset by cash tax savings, making a minimal impact on free cash flow.

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GFL Environmental announced the results of its annual general meeting held on May 15, 2024. Shareholders voted in favor of all proposed items, including the election of director nominees. Key votes included Patrick Dovigi (93.58% in favor), Dino Chiesa (78.95% in favor), and Violet Konkle (99.70% in favor). The final results will be available on SEDAR+ and EDGAR. GFL, headquartered in Vaughan, Ontario, is a leading environmental services firm in North America, with over 20,000 employees.

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GFL Environmental Inc. reported revenue of $1,801.4 million for the first quarter of 2024, exceeding expectations. Adjusted EBITDA increased by 10.0%, reaching $455.7 million. The company announced an Adjusted EBITDA guidance raise to approximately $2,230.0 million for 2024.

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GFL Environmental Inc. raises its quarterly cash dividend by 10% to US$0.014 per share, payable on April 30, 2024, to shareholders of record on April 15, 2024.
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GFL Environmental Inc. receives an upgrade in its issuer credit rating by S&P Global Ratings, moving from 'B+' to 'BB-', with a positive outlook. The company's CEO, Patrick Dovigi, highlights the focus on increasing free cash flow and de-levering the business.
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FAQ

What is the current stock price of Gfl Environmental (GFL)?

The current stock price of Gfl Environmental (GFL) is $47.77 as of April 1, 2025.

What is the market cap of Gfl Environmental (GFL)?

The market cap of Gfl Environmental (GFL) is approximately 18.0B.

What are the primary service offerings of GFL Environmental Inc?

GFL provides diversified environmental services including non-hazardous solid waste management, liquid waste management, and soil remediation. These services cover waste collection, transportation, recycling, disposal, and specialized environmental cleanup operations.

How does GFL manage its extensive operational network?

The company operates a broad network of facilities across Canada and the United States, ensuring efficient local service to both municipalities and commercial clients while maintaining high safety and compliance standards.

What makes GFL's business model unique in the environmental services industry?

GFL integrates multiple service lines under one umbrella, enabling it to optimize logistics and deliver comprehensive environmental solutions. This diversification enhances operational efficiency and positions GFL as a resilient, industry-informed provider.

Who are the main customers served by GFL Environmental?

GFL primarily serves municipal clients along with industrial, commercial, and institutional customers who require reliable and sustainable waste management and environmental remediation services.

How does GFL maintain regulatory compliance and ensure safety?

GFL implements strict safety protocols and regulatory guidelines across all its facilities. The company consistently meets or exceeds environmental standards to ensure safe, reliable, and efficient operations.

What industry terms best describe GFL's operational expertise?

Terms such as 'diversified environmental services', 'solid waste management', and 'integrated service delivery' accurately reflect GFL's expertise and the comprehensive nature of its operational capabilities.
Gfl Environmental Inc

NYSE:GFL

GFL Rankings

GFL Stock Data

18.00B
370.20M
2.97%
80.27%
1.83%
Waste Management
Industrials
Link
Canada
Vaughan