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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.
GFL Environmental Inc. (NYSE: GFL) announced the appointment of Sandra Levy to its Board of Directors, effective April 28, 2023. This brings the board total to 10 members, with 9 being independent directors. Ms. Levy has over 25 years of experience in human resources and legal roles, currently serving as the Chief People & Culture Officer at the Canadian Olympic Committee. Previously, she held senior HR roles at RioCan Management Inc. and First Capital Asset Management. The company’s founder and CEO, Patrick Dovigi, expressed optimism about Ms. Levy's diverse background and its impact on GFL's commitment to diversity and innovation.
GFL, based in Vaughan, Ontario, is a leading environmental services firm in North America, employing over 19,500 individuals and offering a range of waste management services across Canada and the U.S.
GFL Environmental Inc. (NYSE: GFL) announced a 10% increase in its regular quarterly cash dividend, raising it from
GFL Environmental Inc. (NYSE: GFL) announced its 2023 Q1 financial results will be released after market close on April 27, 2023. An investor conference call is scheduled for April 28, 2023, at 8:30 AM ET. The company, based in Vaughan, Ontario, is the fourth largest environmental services provider in North America, offering solid and liquid waste management along with soil remediation services. GFL operates in Canada and over half of U.S. states, employing more than 19,500 individuals.
On March 16, 2023, GFL Environmental (NYSE: GFL) announced the completion of its obligations under the 6.00% Tangible Equity Units (TEUs) issued on March 5, 2020. The purchase contracts for the outstanding TEUs converted into subordinate voting shares at the minimum settlement rate of 2.1940 on March 15, 2023. This resulted in an increase of 25,665,433 shares, bringing the total number of basic shares outstanding to 369,108,314. GFL has also fulfilled the final payment on the senior amortizing note associated with the TEUs. This information reflects GFL's ongoing commitment to improving its capital structure and shareholder equity.
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