GFL Environmental Inc. operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers. The company's infrastructure and soil remediation business line provides remediation of contaminated soils, as well as complementary services, including civil, demolition, and excavation and shoring services. Its liquid waste management business collects, manages, transports, processes, and disposes of a range of industrial and commercial liquid wastes, as well as resells liquid waste products. The company was founded in 2007 and is headquartered in Vaughan, Canada.
IPO Year: 2020
Exchange: NYSE
Website: gflenv.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/4/2024 | $50.00 | Sector Outperform | Scotiabank |
| 7/9/2024 | $43.00 → $42.00 | Outperform → Market Perform | BMO Capital Markets |
| 4/8/2024 | $46.00 | Outperform | RBC Capital Mkts |
| 1/31/2024 | $44.00 | Buy | UBS |
| 1/19/2024 | $35.00 | Buy → Neutral | BofA Securities |
| 11/27/2023 | Equal Weight | Wells Fargo | |
| 11/7/2023 | $40.00 | Outperform | TD Cowen |
| 10/20/2023 | $46.00 | Buy | Truist |
| 10/17/2023 | $36.00 | Outperform | Wolfe Research |
| 6/8/2023 | Sector Outperform | Scotiabank |
SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
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SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
VAUGHAN, ON, April 11, 2023 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL") today announced that Sandra Levy has been appointed to its Board of Directors, effective April 28, 2023. Ms. Levy's election will expand the board to 10 directors, nine of whom are independent. Ms. Levy is a two-time Canadian Olympic athlete in the sport of field hockey and is a senior human resources executive with over 25 years of experience in human resources and legal roles. She is the current Chief People & Culture Officer at the Canadian Olympic Committee, a position she has he
VAUGHAN, ON, Jan. 7, 2021 /PRNewswire/ - The Board of Directors of GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it has declared a cash dividend of US$0.01 for each outstanding subordinate voting share and multiple voting share of the Company for the fourth quarter of 2020. The cash dividend will be paid on January 29, 2021 to shareholders of record at the close of business on January 19, 2021. The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada). About GFL GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, prov
Adjusted EBITDA margin1 of 31.1%, highest in Company's history and an increase of 300 basis points over prior yearNet Leverage1 of 4.05x, lowest in Company's historyEnvironmental Services sale process remains on track with expected net proceeds of at least $6 billionSolid Waste price of 6.0% excluding the impact of divestitures (5.8% including the impact of divestitures), ahead of expectationsSolid 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 millionAdjusted Cash Flows from Operating Activities1 of $377.6 million; cash flows from operating activ
VAUGHAN, ON, Oct. 9, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that it will release its 2024 third quarter financial results after the market closes on Wednesday November 6, 2024 and will host an investor conference call related to this release on Thursday November 7, 2024 at 8:30 am Eastern Time. A live audio webcast of the conference call can be accessed by logging onto the Company's Investors page at investors.gflenv.com or by clicking here or listeners may access the call toll-free by dialing 1-833-950-0062 in
VAUGHAN, ON, Oct. 3, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that the Board of Directors of the Company has declared a cash dividend of US$0.014 for each outstanding subordinate voting share and multiple voting share of the Company for the third quarter of 2024. The cash dividend will be paid on October 31, 2024 to shareholders of record at the close of business on October 16, 2024. The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada). About GFL GFL, h
Revenue of $2,060.0 million, ahead of guidanceSolid Waste price of 6.5% excluding the impact of divestitures, increase of 6.1% including the impact of divestituresAdjusted 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 millionAdjusted EBITDA margin1 of 28.7%, increase of 90 basis points; Solid Waste Adjusted EBITDA margin1 of 32.5%, increase of 90 basis pointsAdjusted 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 millionYear-to-date completed acquisitions
VAUGHAN, ON, July 4, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that the Board of Directors of the Company has declared a cash dividend of US$0.014 for each outstanding subordinate voting share and multiple voting share of the Company for the second quarter of 2024. The cash dividend will be paid on July 31, 2024 to shareholders of record at the close of business on July 15, 2024. The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada). About GFL GFL, headqu
VAUGHAN, ON, June 27, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that it will release its 2024 second quarter financial results after the market closes on Wednesday July 31, 2024 and will host an investor conference call related to this release on Thursday August 1, 2024 at 8:30 am Eastern Time. A live audio webcast of the conference call can be accessed by logging onto the Company's Investors page at investors.gflenv.com or by clicking here or listeners may access the call toll-free by dialing 1-833-950-0062 in Can
Revenue of $1,801.4 million, ahead of guidanceSolid Waste price of 7.7% excluding the impact of divestitures, 7.1% including the impact of divestituresAdjusted EBITDA1 of $455.7 million, increase of 10.0% excluding the impact of divestitures; 3.5% including the impact of divestitures; Adjusted Net Income1 of $0.9 million; Net loss of $176.5 million; Adjusted income per share1 of $0.00; Loss per share of $(0.53)Adjusted EBITDA margin1 of 25.3%, increase of 80 basis points; Solid Waste Adjusted EBITDA margin1 of 30.8%, increase of 160 basis pointsAdjusted Cash Flows from Operating Activities1 of $276.1 million; cash flows from operating activities of $263.2 million; Adjusted Free Cash Flow1 of
VAUGHAN, ON, April 4, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that the Board of Directors of the Company has declared a 10% increase to the regular quarterly cash dividend on the Company's subordinate voting and multiple voting shares. The regular quarterly cash dividend, which increases from US$0.013 per share to US$0.014 per share, will be paid on April 30, 2024 to shareholders of record at the close of business on April 15, 2024. The Company has designated this dividend as an eligible dividend within the mean
VAUGHAN, ON, March 27, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that it will release its 2024 first quarter financial results after the market closes on Wednesday May 1, 2024 and will host an investor conference call related to this release on Thursday May 2, 2024 at 8:30 am Eastern Time. A live audio webcast of the conference call can be accessed by logging onto the Company's Investors page at investors.gflenv.com or by clicking here or listeners may access the call toll-free by dialing 1-833-950-0062 in Canada o
Fourth Quarter 2023 Results Solid Waste price of 7.9%, results in revenue of $1,882.8 million, increase of 9.9% excluding the impact of divestitures; 3.4% including the impact of divestituresAdjusted EBITDA1 of $492.2 million, increase of 19.1% excluding the impact of divestitures; 11.9% including the impact of divestitures; Net loss from continuing operations of $62.1 million; Adjusted Net Income from continuing operations1 of $17.0 millionAdjusted EBITDA margin1 of 26.1%, increase of 200 basis points; Solid Waste Adjusted EBITDA margin1 of 30.7%, increase of 250 basis points; Environmental Services Adjusted EBITDA margin1 of 24.0%, increase of 180 basis pointsFull Year 2023 Highlights Soli
Adjusted EBITDA margin1 of 31.1%, highest in Company's history and an increase of 300 basis points over prior yearNet Leverage1 of 4.05x, lowest in Company's historyEnvironmental Services sale process remains on track with expected net proceeds of at least $6 billionSolid Waste price of 6.0% excluding the impact of divestitures (5.8% including the impact of divestitures), ahead of expectationsSolid 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 millionAdjusted Cash Flows from Operating Activities1 of $377.6 million; cash flows from operating activ
TORONTO, Oct. 31, 2024 /PRNewswire/ - Patrick Dovigi, Chairman of the board of directors, President and Chief Executive Officer of GFL Environmental Inc. ("GFL") announced that on October 31, 2024 certain holding entities beneficially owned and controlled by Mr. Dovigi, his family members and discretionary trusts settled by family members of Mr. Dovigi (collectively, the "Dovigi Group") completed an internal reorganization (the "Reorganization") involving the Dovigi Group's holdings of multiple voting shares ("MVS") of GFL. The Reorganization did not result in any changes to the Dovigi Group's aggregate ownership in GFL. Immediately prior to the Reorganization, the Dovigi Group beneficially
VAUGHAN, ON, Oct. 9, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that it will release its 2024 third quarter financial results after the market closes on Wednesday November 6, 2024 and will host an investor conference call related to this release on Thursday November 7, 2024 at 8:30 am Eastern Time. A live audio webcast of the conference call can be accessed by logging onto the Company's Investors page at investors.gflenv.com or by clicking here or listeners may access the call toll-free by dialing 1-833-950-0062 in
WHITE PLAINS, N.Y., Oct. 7, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL") and OPAL Fuels Inc. (NASDAQ:OPAL) today announced their joint venture, Paragon RNG has commenced commercial operations of their new renewable natural gas ("RNG") facility at the Sampson County Landfill. The landfill, owned and operated by a subsidiary of GFL, is located in Roseboro, North Carolina. The plant is producing and injecting pipeline quality RNG. EPA registrations have been filed for the project and we expect a normal ramp-up period for the facility. The project is part of the previously announced joint venture between the two companies to develop RNG facilities at landfills owned
VAUGHAN, ON, Oct. 3, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that the Board of Directors of the Company has declared a cash dividend of US$0.014 for each outstanding subordinate voting share and multiple voting share of the Company for the third quarter of 2024. The cash dividend will be paid on October 31, 2024 to shareholders of record at the close of business on October 16, 2024. The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada). About GFL GFL, h
VAUGHAN, ON, Oct. 1, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL") today announced the pricing of US$210 million in aggregate principal amount of Florida Development Finance Corporation (the "Issuer") Solid Waste Disposal Revenue Bonds (the "Bonds") at 4.375% in a transaction that was significantly oversubscribed. The Bonds will have an initial mandatory tender date of October 1, 2031. The Issuer will loan the proceeds of the Bonds to a subsidiary of GFL to finance or refinance certain solid waste disposal facilities located in the State of Florida. The loan is an unsecured obligation that will be guaranteed by GFL and certain of its subsidiaries.
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"). The Issuer will loan the proceeds of the Bonds to a subsidiary of GFL to finance or refinance certain solid waste disposal facilities located in the State of Florida. The loan is an unsecured obligation that will be guaranteed by GFL and certain of its subsidiaries.
VAUGHAN, ON, Sept. 12, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that HPS Investment Partners, LLC ("HPS"), on behalf of the holders of the Company's Series A perpetual convertible preferred shares ("Series A Preferred Shares"), has provided notice of conversion of 14,565,543 Series A Preferred Shares for 16,000,000 subordinate voting shares. The subordinate voting shares issued on conversion of the Series A Preferred Shares were sold by funds managed by HPS in a block trade, at a price of US$39.60 per share. About
Revenue of $2,060.0 million, ahead of guidanceSolid Waste price of 6.5% excluding the impact of divestitures, increase of 6.1% including the impact of divestituresAdjusted 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 millionAdjusted EBITDA margin1 of 28.7%, increase of 90 basis points; Solid Waste Adjusted EBITDA margin1 of 32.5%, increase of 90 basis pointsAdjusted 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 millionYear-to-date completed acquisitions
VAUGHAN, ON, July 4, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that the Board of Directors of the Company has declared a cash dividend of US$0.014 for each outstanding subordinate voting share and multiple voting share of the Company for the second quarter of 2024. The cash dividend will be paid on July 31, 2024 to shareholders of record at the close of business on July 15, 2024. The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada). About GFL GFL, headqu
Scotiabank initiated coverage of GFL Environmental with a rating of Sector Outperform and set a new price target of $50.00
BMO Capital Markets downgraded GFL Environmental from Outperform to Market Perform and set a new price target of $42.00 from $43.00 previously
RBC Capital Mkts resumed coverage of GFL Environmental with a rating of Outperform and set a new price target of $46.00
UBS initiated coverage of GFL Environmental with a rating of Buy and set a new price target of $44.00
BofA Securities downgraded GFL Environmental from Buy to Neutral and set a new price target of $35.00
Wells Fargo initiated coverage of GFL Environmental with a rating of Equal Weight
TD Cowen initiated coverage of GFL Environmental with a rating of Outperform and set a new price target of $40.00
Truist initiated coverage of GFL Environmental with a rating of Buy and set a new price target of $46.00
Wolfe Research initiated coverage of GFL Environmental with a rating of Outperform and set a new price target of $36.00
Scotiabank resumed coverage of GFL Environmental with a rating of Sector Outperform
BMO Capital analyst Devin Dodge downgrades GFL Environmental (NYSE:GFL) from Outperform to Market Perform and lowers the price target from $43 to $42.
With U.S. stock futures trading higher on Friday morning, some of the stocks that may grab investor focus today are as follows: Arkhouse Management and Brigade Capital Management increased their offer to buy Macy’s, Inc. (NYSE:M) to $24.80 per share up from the previous bid of $24 per share, the Wall Street Journal reported. Macy’s shares gained 1.2% to $18.14 in the after-hours trading session. Pendopharm signed an exclusive distribution agreement with Ascendis Pharma A/S (NASDAQ:ASND) for TransCon™ PTH in Canada. Ascendis Pharma shares fell 1.5% to close at $134.18 on Wednesday. LGI Homes, Inc. (NASDAQ:LGIH) said it closed 571 homes in June. The company announced plans to release
These large-cap stocks were the best performers in the last week. Are they in your portfolio? Guidewire Software, Inc. (NYSE:GWRE) shares surged 14.08% after the company reported better-than-expected Q3 financial results and issued FY24 revenue guidance above estimates. Several analysts have increased their forecasts. GFL Environmental Inc. (NYSE:GFL) shares are up 11.62% following a report suggesting the company hired a financial advisor to review two buyout offers. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares increased 9.36% after the company issued strong guidance. Several analysts revised their forecasts. Arm Holdings Plc (NASDAQ:ARM) shares gained 9.26% in the last week.
GFL intends to use the net proceeds from the offering of the Notes (the "Notes Offering"), together with cash on hand, to redeem all of GFL's outstanding US$500 million aggregate principal amount of 4.250% Senior Secured Notes due 2025 (the "2025 Secured Notes") and to pay related fees, premiums and accrued and unpaid interest on the 2025 Secured Notes. The 2025 Secured Notes have an effective interest rate of 4.805% after giving effect to a cross-currency interest rate swap.
The Bank of Canada announced on Wednesday a 25 basis point reduction in interest rates, marking the first cut since March 2020, as widely anticipated by market participants. Consequently, the benchmark overnight rate and the deposit rate have been lowered to 4.75%, while the Bank Rate is now at 5%. The decision to lower rates stems from evidence indicating that underlying inflation is easing. The Governing Council concluded that monetary policy “no longer needs to be restrictive,” leading to a 25 basis point reduction in interest rates. Policymakers noted that Canada’s economic growth was slower than expected in the first quarter, primarily due to weaker inventory investment affect