GFL Environmental (GFL) Company Overview

GFL Environmental has been lagging behind its competitors. However, a major deal is in progress that will likely change this situation.

GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) announced that it will share its financial results for the fourth quarter and full year of 2024, along with guidance for 2025, after the market closes on February 24, 2025. An investor conference call will take place on February 25, 2025, at 8:30 am Eastern Time. People can listen to the call through the Company's Investors page or by calling toll-free numbers in Canada and the U.S. about 15 minutes before it starts.

I suggest a buy rating for GFL Environmental because of anticipated strong EBITDA growth and improved valuations as their debt decreases. The sale of the Environmental Services division is a good opportunity, expected to generate CAD6 billion after taxes, which will help reduce debt and support share buybacks. While there are risks from changing commodity costs, GFL's efforts to grow EBITDA and lower debt should help its valuation match that of similar companies.

GFL Environmental Inc. (NYSE:GFL) will hold its Q3 2024 Results Conference Call on November 7, 2024, at 8:30 AM ET. The call will feature company leaders, including Founder and CEO Patrick Dovigi and CFO Luke Pelosi, along with various participants from financial institutions. The moderator for the call will be Breeca, who will guide the discussion.

GFL Environmental Inc. (GFL) reported quarterly earnings of $0.24 per share, which is higher than the Zacks Consensus Estimate of $0.23 per share. This is the same as the earnings of $0.24 per share from the previous year.

GFL Environmental Inc. reported a record Adjusted EBITDA margin of 31.1%, which is an increase of 300 basis points from the previous year, and a Net Leverage of 4.05x, the lowest in the company's history. The company is on track to sell its Environmental Services division, expecting to receive at least $6 billion, while Solid Waste prices rose by 6.0% and volumes improved by 90 basis points. For the third quarter of 2024, GFL achieved an Adjusted EBITDA of $625.9 million, an 18.0% increase, and generated approximately $115 million in annualized revenue from completed acquisitions.

On September 24, 2024, GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) announced its intention to take part in a bond offering, depending on market conditions. This offering will involve a total of US$210 million in Solid Waste Disposal Revenue Bonds issued by the Florida Development Finance Corporation.

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GFL Environmental Inc. (NYSE:GFL) will hold its Q2 2024 Results Conference Call on August 1, 2024, at 8:30 AM ET. The call will feature company leaders, including Founder and CEO Patrick Dovigi and CFO Luke Pelosi, along with various participants from financial institutions. The moderator for the call will be Breeca, who will guide the discussion.