Core Insights - GFL Environmental Inc. has sold its Environmental Services business to Apollo Funds and BC Partners for an enterprise value of $8 billion, allowing GFL to pursue organic growth and solid waste M&A opportunities [1][3][5] Company Overview - GFL is the fourth-largest diversified environmental services company in North America, providing solid waste management services across Canada and more than half of the U.S. states, with a workforce of over 15,000 employees [4] Financial Implications - GFL plans to use the proceeds from the sale to repay debt, with up to $2.25 billion allocated for share repurchases, subject to market conditions, and the remainder for transaction fees and general corporate purposes [5] - The transaction will enable GFL to accelerate its balance sheet deleveraging towards investment grade levels and return capital to shareholders through share repurchases and future dividend increases [5] Ownership Structure Post-Transaction - Following the transaction, GFL will retain a 44% equity interest in the Environmental Services business, while Apollo Funds and BC Partners will each hold a 28% equity interest [6]

Core Viewpoint - GFL Environmental Inc. has successfully completed the sale of its Environmental Services business for an enterprise value of $8.0 billion, retaining a $1.7 billion equity interest in the business [1]. Financial Summary - GFL plans to utilize up to $3.75 billion of the net proceeds from the transaction to repay debt, with up to $2.25 billion allocated for share repurchases, depending on market conditions, and the remaining funds for transaction fees and general corporate purposes [2]. Company Overview - GFL is headquartered in Vaughan, Ontario, and is recognized as the fourth largest diversified environmental services company in North America, providing solid waste management services across Canada and in over half of the U.S. states, employing more than 15,000 individuals [3].

Exhibit 99.1 Execution Version FIFTH AMENDMENT TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT FIFTH AMENDMENT TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT (this "Amendment"), dated as of June 4, 2024 by and among GFL ENVIRONMENTAL INC., a corporation existing under the laws of Ontario, Canada (the "Canadian Borrower"), GFL ENVIRONMENTAL USA INC., a corporation existing under the laws of Delaware (the "US Borrower"), the Guarantors party hereto, BANK OF MONTREAL, as administrative agent (in such capaci ...

Core Viewpoint - GFL Environmental Inc. has announced its intention to commence a normal course issuer bid (NCIB) for subordinate voting shares, with a maximum repurchase of 28,046,256 shares over a 12-month period starting March 3, 2025 [1][2][3] Group 1: NCIB Details - The NCIB will be conducted through the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE), allowing for repurchases through various trading systems [1] - GFL has 381,570,455 subordinate voting shares outstanding as of February 18, 2025, and the repurchase represents 10% of the public float [2] - All repurchased shares will be cancelled, and purchases may include open market transactions and privately negotiated transactions [3][5] Group 2: Financial Context - GFL plans to allocate up to $2.25 billion from the sale of its Environmental Services businesses to fund the share repurchase [3] - The company expects to use the majority of these proceeds for purchasing shares held by sponsor shareholders, with the remainder for open market purchases [3] Group 3: Regulatory Considerations - GFL has received exemptive relief from the Ontario Securities Commission, allowing it to purchase up to 10% of its public float through U.S. trading platforms without the usual 5% limit [4] - The company may also acquire shares through privately negotiated transactions at a discount to the market price, subject to regulatory exemptions [5] Group 4: Historical Context - In the previous NCIB period from May 12, 2023, to May 11, 2024, GFL was authorized to repurchase 17,867,120 subordinate voting shares, but no shares were repurchased during that time [6] Group 5: Company Overview - GFL is the fourth largest diversified environmental services company in North America, providing solid waste management, liquid waste management, and soil remediation services [7] - The company employs over 20,000 individuals across its operations [7]

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 to ...

GFL Environmental Inc. (NYSE:GFL) Q4 2024 Earnings Conference Call February 25, 2025 8:30 AM ET Company Participants Patrick Dovigi - Founder & Chief Executive Officer Luke Pelosi - Chief Financial Officer Conference Call Participants Sabahat Khan - RBC Capital Markets Tyler Brown - Raymond James Kevin Chiang - CIBC World Markets Bryan Burgmeier - Citigroup Devin Dodge - BMO Konark Gupta - Scotiabank Brian Butler - Stifel Operator Hello, everyone, and thank you for joining the GFL Fourth Quarter 2024 Earnin ...

Core Viewpoint - GFL Environmental Inc. reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.13 per share, and showing significant growth from $0.04 per share a year ago, indicating a strong performance in the waste removal services industry [1][2]. Financial Performance - The company achieved revenues of $1.42 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.15% and reflecting an increase from $1.38 billion in the same quarter last year [2]. - Over the last four quarters, GFL has exceeded consensus EPS estimates three times and topped revenue estimates twice [2]. Stock Performance - GFL Environmental shares have increased approximately 4% since the beginning of the year, outperforming the S&P 500's gain of 2.2% [3]. - The stock's immediate price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $1.37 billion, while for the current fiscal year, the estimate is $1.06 on revenues of $5.93 billion [7]. - The estimate revisions trend for GFL Environmental is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6]. Industry Context - The Waste Removal Services industry, to which GFL belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges ahead [8]. - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact GFL's stock performance [5].

Core Insights - GFL Environmental Inc. reported strong financial results for Q4 and full year 2024, with a notable organic Solid Waste growth of 7.0% and an Adjusted EBITDA margin expansion of 190 basis points in Q4 [2][6] - The company announced a definitive agreement to sell its Environmental Services business at an $8 billion valuation, which is expected to significantly de-lever its balance sheet and enhance capital allocation flexibility [2][6] - GFL's full year revenue reached $7,862 million, marking an 8.8% increase excluding divestitures, while Adjusted EBITDA rose by 12.3% to $2,250.5 million [6][7] Financial Performance - Q4 2024 revenue was $1,985.9 million, an 8.2% increase excluding divestitures, with Solid Waste revenue contributing $1,571.2 million [7][6] - Full year Adjusted Free Cash Flow was $820.3 million, a 17% increase from the previous year, driven by higher EBITDA and reduced cash interest paid [6][7] - The company reported a net loss of $737.7 million for the full year 2024, primarily due to a non-cash loss from divesting certain U.S. assets [6][7] Guidance for 2025 - GFL anticipates revenue of approximately $8,425 million for 2025, with Adjusted EBITDA estimated at around $2,500 million [8][9] - The guidance excludes contributions from any uncompleted acquisitions and assumes continued organic growth and operational efficiencies [9][8] - The company aims to maintain a targeted Net Leverage of approximately 3.6x by the end of 2025, reflecting growth in Adjusted EBITDA and Free Cash Flow [9][8] Strategic Initiatives - GFL plans to reinvigorate its M&A program and pursue opportunistic share buybacks to drive equity value creation [2][6] - The company has set a new GHG emissions reduction target of 30% by 2030, aligning with science-based pathways [10] - An Investor Day is scheduled for February 27, 2025, to discuss long-term growth strategies and financial objectives [15][2]

Core Points - GFL Environmental Inc. will release its fourth quarter and full year 2024 financial results and 2025 guidance on February 24, 2025, after market close [1] - An investor conference call will be held on February 25, 2025, at 8:30 am Eastern Time to discuss the financial results [1] - The company will host its 2025 Investor Day on February 27, 2025, at the New York Stock Exchange, focusing on growth strategies, capital allocation, sustainability initiatives, and financial objectives [4] Company Information - GFL is headquartered in Vaughan, Ontario, and is the fourth largest diversified environmental services company in North America [6] - The company provides a comprehensive range of services including solid waste management, liquid waste management, and soil remediation across Canada and more than half of the U.S. states [6] - GFL employs over 20,000 individuals across its organization [6]

Group 1 - GFL Environmental is recommended for a buy rating based on expectations to exceed FY24 EBITDA guidance and potential positive valuation revision [1] - The investment is considered ideal if it operates in a sector projected for structural growth exceeding GDP growth over the next 5-10 years [1] - The company benefits from sustainable competitive advantages that lead to attractive unit economics [1] Group 2 - The investment is managed by competent, ethical, and long-term thinkers, which is a crucial factor for success [1] - A fair valuation is emphasized as an important aspect of the investment thesis [1]