GFL EnvironmentalNYSE: GFL

I recommend a buy rating for GFL Environmental due to expected accelerated EBITDA growth and positive valuation revisions as leverage decreases. The sale of the Environmental Services business is a positive catalyst, expected to provide CAD6 billion post-tax, aiding in debt reduction and share buybacks. Risks include potential headwinds from commodity cost fluctuations, but overall, GFL's EBITDA growth and deleveraging efforts should align its valuation with peers.

GFL Environmental Inc. (NYSE:GFL ) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Patrick Dovigi - Founder and CEO Luke Pelosi - Chief Financial Officer Conference Call Participants Saba Khan - RBC Capital Markets Patrick Brown - Raymond James Kevin Chiang - CIBC Jerry Revich - Goldman Sachs Devin Dodge - BMO Capital Market Konark Gupta - Scotiabank Bank James Schumm - TD Cowen Stephanie Yee - JPMorgan Brian Butler - Stifel Tobey Sommer - Truist Buddy Wiseman-Barker - National Bank of Canada Operator Good morning, and thank you all for attending the GFL Third Quarter 2024 Earnings Call. My name is Breeca, and I will be your moderator for today.

GFL Environmental Inc. (GFL) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.24 per share a year ago.

Adjusted EBITDA margin1 of 31.1%, highest in Company's history and an increase of 300 basis points over prior year Net Leverage1 of 4.05x , lowest in Company's history Environmental Services sale process remains on track with expected net proceeds of at least $6 billion Solid Waste price of 6.0% excluding the impact of divestitures ( 5.8% including the impact of divestitures), ahead of expectations Solid Waste volumed improved sequentially by 90 basis points, ahead of expectations  Adjusted EBITDA1 of $625.9 million, increase of 18.0%; Adjusted Net Income1 of $126.1 million; Net income of $110.6 million Adjusted Cash Flows from Operating Activities1 of $377.6 million; cash flows from operating activities of $347.1 million; Adjusted Free Cash Flow1 of $225.4 million Year-to-date completed acquisitions generating approximately $115 million in annualized revenue VAUGHAN, ON , Nov. 6, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL", "we" or "our") today announced its results for the third quarter of 2024. "Once again, the dedication of our over 20,000 employees delivered consistent high-quality results across all our financial metrics," said Patrick Dovigi, Founder and Chief Executive Officer of GFL.

VAUGHAN, ON , Sept. 24, 2024 /PRNewswire/ -- GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") today announced that it is planning to participate in, subject to market and other conditions, an offering (the "Bond Offering") of US$210 million in aggregate principal amount of Florida Development Finance Corporation (the "Issuer") Solid Waste Disposal Revenue Bonds (the "Bonds").

One of my favorite quotes comes from “Rich Dad Poor Dad” author Robert Kiyosaki. “In 1971, the U.S.

GFL Environmental Inc. (NYSE:GFL ) Q2 2024 Results Conference Call August 1, 2024 8:30 AM ET Company Participants Patrick Dovigi - Founder and CEO Luke Pelosi - Chief Financial Officer Conference Call Participants Saba Khan - RBC Stephanie Moore - Jefferies Chiang - CIBC Devin Dodge - BMO Capital Markets Jerry Revich - Goldman Sachs James Schumm - TD Cowen Brian Butler - Stifel Rupert Merer - National Banks Canada Tobey Sommer - Truist Chris Murray - ATB Capital Markets Operator Good morning all, and thank you all for attending the GFL Second Quarter 2024 Earnings Call. My name is Breeca, and I will be your moderator today.

GFL Environmental Inc. (GFL) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.36 per share a year ago.

Revenue of $2,060.0 million , ahead of guidance Solid Waste price of 6.5% excluding the impact of divestitures, increase of  6.1% including the impact of divestitures Adjusted EBITDA1 of $591.1 million, increase of  13.9% excluding the impact of divestitures; 9.3% including the impact of divestitures; Adjusted Net Income1 of $108.7 million; Net loss of $472.3 million Adjusted EBITDA margin1 of 28.7%, increase of 90 basis points; Solid Waste Adjusted EBITDA margin1 of 32.5%, increase of 90 basis points Adjusted Cash Flows from Operating Activities1 of $394.8 million; cash flows from operating activities of $364.6 million; Adjusted Free Cash Flow1 of $185.7 million Year-to-date completed acquisitions generating approximately $100.0 million in annualized revenue Raised full year 2024 guidance to Adjusted EBITDA2 of approximately $2,240.0 million to $2,250.0 million and Adjusted EBITDA margin2 of 28.4%, up 170 basis points compared to the prior year VAUGHAN, ON , July 31, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL", "we" or "our") today announced its results for the second quarter of 2024. "Our exceptional start to this year can be attributed to the commitment of our over 20,000 employees who deliver consistent high-quality results and strive to make our business better every day," said Patrick Dovigi, Founder and Chief Executive Officer of GFL.