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 |
|---|---|---|---|
| 2/25/2025 | Hold → Buy | Stifel | |
| 1/27/2025 | $53.00 | Buy | Citigroup |
| 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 |
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
40-F - GFL Environmental Inc. (0001780232) (Filer)
6-K - GFL Environmental Inc. (0001780232) (Filer)
SCHEDULE 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)
The transaction will allow GFL to pursue organic growth initiatives and solid waste M&A opportunities CLEVELAND, March 3, 2025 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce GFL Environmental Inc. (NYSE:GFL) (GFL), the fourth-largest diversified environmental services company in North America, has sold its Environmental Services business to funds managed by affiliates of Apollo (NYSE:APO) (Apollo Funds) and BC Partners (BC Funds) for an enterprise value of $8 billion. BGL's Environmental investment banking team served as GFL's financial advisor in the transaction.
VAUGHAN, ON, March 3, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that it has closed the sale of its Environmental Services business for an enterprise value of $8.0 billion (the "Transaction"). GFL retained a $1.7 billion equity interest in the Environmental Services business. GFL intends to use up to $3.75 billion of the net proceeds from the Transaction to repay debt, making available up to $2.25 billion for share repurchases, subject to market conditions, and the balance for transaction fees and general corporate
VAUGHAN, ON, Feb. 27, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company"), a leading North American diversified environmental services company, is hosting an Investor Day today in New York City. The event is scheduled to begin at 9:00 am Eastern Time and will showcase members of senior management who will discuss the Company's growth strategies, capital allocation plan, sustainability initiatives and financial objectives, followed by a question and answer session. At today's meeting, GFL will present its 2028 financial framework which inclu
VAUGHAN, ON, Feb. 27, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that the Toronto Stock Exchange ("TSX") has accepted the Company's notice of intention to commence a normal course issuer bid (the "NCIB") for the 12-month period commencing on March 3, 2025 and ending no later than March 2, 2026. The NCIB will be conducted through the facilities of the TSX and the New York Stock Exchange ("NYSE") or alternative Canadian and U.S. trading systems, if eligible. The NCIB only relates to subordinate voting shares, of which
Fourth Quarter 2024 Results and Full Year 2024 Highlights Fourth quarter revenue, Adjusted EBITDA1 and Adjusted Free Cash Flow1 all ahead of expectationsFourth quarter Adjusted EBITDA margin1 expanded by 300 basis points for second consecutive quarterFourth quarter Solid Waste volumes improved sequentially by 310 basis points, ahead of expectationsFull year revenue of $7,862.0 million, increase of 8.8% excluding the impact of divestitures (4.6% including the impact of divestitures)Full year Adjusted EBITDA1 of $2,250.5 million, increase of 12.3%; Adjusted Net Income1 of $321.3 million; Net loss of $737.7 millionFull year Adjusted EBITDA margin1 of 28.6%, 190 basis points increase over the pr
VAUGHAN, ON, Jan. 22, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that it will release its fourth quarter and full year 2024 financial results and 2025 guidance after the market closes on February 24, 2025 and will host an investor conference call related to this release on February 25, 2025 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
$8.0 billion valuation significantly exceeds management's initial expectationsProceeds to be used to repay up to $3.75 billion of debt and for opportunistic share repurchases of up to $2.25 billionTransaction allows GFL to roll $1.7 billion of equity in a tax efficient structure allowing for significant future value accretionPro forma Net Leverage1 of 3.0x creates greater financial flexibility and accelerates path to investment gradeReduces annualized cash interest by approximately $200 million, significantly improving Adjusted Free Cash Flow1 conversionMaintains synergies between Environmental Services and Solid Waste businessesVAUGHAN, ON, Jan. 7, 2025 /PRNewswire/ - GFL Environmental Inc.
VAUGHAN, ON, Jan. 02, 2025 /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 fourth quarter of 2024. The cash dividend will be paid on January 31, 2025 to shareholders of record at the close of business on January 13, 2025. The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada). About GFL G
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
Stifel upgraded GFL Environmental from Hold to Buy
Citigroup initiated coverage of GFL Environmental with a rating of Buy and set a new price target of $53.00
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
SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
SC 13G - 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)
SC 13G/A - GFL Environmental Inc. (0001780232) (Subject)
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
Fourth Quarter 2024 Results and Full Year 2024 Highlights Fourth quarter revenue, Adjusted EBITDA1 and Adjusted Free Cash Flow1 all ahead of expectationsFourth quarter Adjusted EBITDA margin1 expanded by 300 basis points for second consecutive quarterFourth quarter Solid Waste volumes improved sequentially by 310 basis points, ahead of expectationsFull year revenue of $7,862.0 million, increase of 8.8% excluding the impact of divestitures (4.6% including the impact of divestitures)Full year Adjusted EBITDA1 of $2,250.5 million, increase of 12.3%; Adjusted Net Income1 of $321.3 million; Net loss of $737.7 millionFull year Adjusted EBITDA margin1 of 28.6%, 190 basis points increase over the pr
VAUGHAN, ON, Jan. 22, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today announced that it will release its fourth quarter and full year 2024 financial results and 2025 guidance after the market closes on February 24, 2025 and will host an investor conference call related to this release on February 25, 2025 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
$8.0 billion valuation significantly exceeds management's initial expectationsProceeds to be used to repay up to $3.75 billion of debt and for opportunistic share repurchases of up to $2.25 billionTransaction allows GFL to roll $1.7 billion of equity in a tax efficient structure allowing for significant future value accretionPro forma Net Leverage1 of 3.0x creates greater financial flexibility and accelerates path to investment gradeReduces annualized cash interest by approximately $200 million, significantly improving Adjusted Free Cash Flow1 conversionMaintains synergies between Environmental Services and Solid Waste businessesVAUGHAN, ON, Jan. 7, 2025 /PRNewswire/ - GFL Environmental Inc.
VAUGHAN, ON, Jan. 02, 2025 /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 fourth quarter of 2024. The cash dividend will be paid on January 31, 2025 to shareholders of record at the close of business on January 13, 2025. The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada). About GFL G
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