GFL Environmental Inc. Subordinate Voting Shares - GFL STOCK NEWS

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.

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.

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.