Company Performance - GFL Environmental Inc. reported a quarterly loss of $0.06 per share, missing the Zacks Consensus Estimate of $0.04, compared to break-even earnings per share a year ago, representing an earnings surprise of -250% [1] - The company posted revenues of $1.09 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.42%, but down from $1.34 billion in the same quarter last year [2] - Over the last four quarters, GFL has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - GFL Environmental shares have increased by approximately 12.1% since the beginning of the year, contrasting with a -5.5% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $1.18 billion, and for the current fiscal year, it is $0.76 on revenues of $4.58 billion [7] Industry Outlook - The Waste Removal Services industry, to which GFL belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of GFL's stock may be influenced by the overall outlook for the industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8] Future Expectations - The estimate revisions trend for GFL Environmental is mixed, leading to a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Investors are encouraged to monitor how estimates for the coming quarters and the current fiscal year may change following the recent earnings report [4][6]

Core Insights - GFL Environmental Inc. reported a strong start to 2025 with a revenue increase of 12.5% year-over-year, driven by core pricing and positive volume growth [2][8][9] - The company achieved an Adjusted EBITDA of $426.1 million, reflecting a 13.8% increase compared to the same period last year, with an Adjusted EBITDA margin of 27.3%, the highest in the company's history [2][8][9] - GFL's net leverage improved to 3.1x, the lowest in the company's history, following the divestiture of its Environmental Services business, which has allowed for a more aggressive share repurchase strategy [2][8][9] Financial Performance - Revenue for Q1 2025 was $1,560.1 million, a 12.5% increase excluding divestitures and 9.0% including them, with contributions from core pricing (5.7%) and positive volume (0.9%) [8][9][30] - Adjusted EBITDA increased to $426.1 million, with a margin of 27.3%, up from 26.1% in Q1 2024 [8][9][33] - The net loss from continuing operations was $213.9 million, compared to a loss of $195.8 million in Q1 2024 [9][25] Strategic Developments - The company utilized proceeds from the sale of its Environmental Services business to significantly reduce its debt, enhancing its path to an investment-grade credit rating [2][5] - GFL repurchased 31,725,083 subordinate voting shares, indicating a commitment to returning value to shareholders [2][8] - The company plans to continue opportunistic share repurchases in the future [2] Segment Performance - Revenue from Canada was $494.0 million, with an Adjusted EBITDA margin of 27.9%, while the U.S. segment generated $1,066.1 million in revenue with a margin of 33.8% [33] - The solid waste segment's total revenue was $1,560.1 million, with an Adjusted EBITDA of $497.9 million [33] Cash Flow and Liquidity - Adjusted Free Cash Flow for Q1 2025 was $13.7 million, down from $16.4 million in Q1 2024, primarily due to increased cash capital expenditures [9][20] - Cash at the end of the period was $537.2 million, a significant increase from $133.8 million at the end of 2024 [28][29]

Core Points - GFL Environmental Inc. has received approval from the Toronto Stock Exchange to resume its normal course issuer bid (NCIB) [1] - The company can repurchase up to 28,046,256 subordinate voting shares during the 12-month period ending March 2, 2026 [2] - GFL has already repurchased 7,618,758 subordinate voting shares under the NCIB, leaving 20,427,498 shares available for repurchase [3] Company Overview - GFL is the fourth largest diversified environmental services company in North America, providing solid waste management services across Canada and 18 U.S. states [4] - The company employs over 15,000 individuals [4]

Core Points - GFL Environmental Inc. will release its 2025 first quarter financial results on April 30, 2025, after market close [1] - An investor conference call will be held on May 1, 2025, at 8:30 am Eastern Time to discuss the financial results [1] - The company is the fourth largest diversified environmental services provider in North America, with over 15,000 employees [4] Company Information - GFL is headquartered in Vaughan, Ontario, and offers a comprehensive range of solid waste management services across Canada and in 18 U.S. states [4] - The company emphasizes the importance of pre-registration for the conference call to streamline access for participants [3] - A live audio webcast of the conference call will be available on the company's Investors page [2]

GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of solid waste management services through its platform of facilities throughout Canada and in 18 U.S. states. Across its organization, GFL has a workforce of more than 15,000 employees. For more information: About GFL VAUGHAN, ON, March 31, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the closi ...

Core Viewpoint - GFL Environmental Inc. has announced significant share repurchase transactions, including the purchase of over 17 million subordinate voting shares from BC Partners and an agreement to buy up to 7 million shares from RBC Dominion Securities, as part of a strategy to utilize proceeds from the sale of its Environmental Services business [1][2][3]. Share Repurchase Transaction - The company purchased 17,050,298 subordinate voting shares at a net price of US$46.92 per share, which is approximately 3.5% lower than the closing price on March 25, 2025 [1]. - The Selling Shareholder will retain about 20.5% of the issued subordinate voting shares after the transaction, equating to approximately 14.8% of the voting power [4]. Secondary Offering Transaction - GFL has agreed to purchase up to 7,056,027 subordinate voting shares from RBC Dominion Securities as part of a secondary offering of 15,739,769 shares [2]. - This secondary offering involves multiple stakeholders, including the Ontario Teachers' Pension Plan Board and HPS Investment Partners [2]. Financial Strategy - The transactions align with GFL's plan to use around $2.25 billion from the sale of its Environmental Services business to repurchase shares opportunistically, depending on market conditions [3]. - The company received exemptive relief from the Ontario Securities Commission, allowing it to repurchase up to 50% of shares offered in any secondary offering over the next 12 months, with a maximum of 38,157,045 shares [5]. Governance and Advisory - The board of directors unanimously approved the transactions based on a recommendation from a special committee of independent directors [4]. - Canaccord Genuity Corp was retained as a financial advisor for these transactions [4]. Company Overview - GFL Environmental Inc. is the fourth largest diversified environmental services company in North America, providing solid waste management services across Canada and 18 U.S. states, with a workforce exceeding 15,000 employees [6].

Core Viewpoint - GFL Environmental Inc. has received exemptive relief from the Ontario Securities Commission, allowing the company to repurchase subordinate voting shares from underwriters in Ontario as part of a secondary offering [1][3]. Group 1: Share Repurchase Details - GFL plans to use approximately $2.25 billion from the sale of its Environmental Services business to repurchase shares, depending on market conditions [2]. - The Order allows GFL to purchase up to 50% of the shares initially offered for resale in any secondary offering over the next 12 months, with a maximum of 38,157,045 shares, which is 10% of its current issued and outstanding shares [3]. - A special committee of independent directors will oversee the share repurchases to ensure they are in the best interests of the company, and all purchases will occur at a discount to the closing price on the date of the offering announcement [3]. Group 2: Company Overview - GFL Environmental Inc. is headquartered in Vaughan, Ontario, and is the fourth largest diversified environmental services company in North America, providing solid waste management services across Canada and in 18 U.S. states [5]. - The company employs over 15,000 individuals across its operations [5].

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][4] 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 [5] 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 [6] - The transaction enables GFL to accelerate its balance sheet deleveraging towards investment grade levels and return capital to shareholders through share repurchases and future dividend increases [6] Equity Interests - 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 [7] Industry Position - BGL's Environmental Services & Infrastructure investment banking team has been ranked 1 in Environmental Services transaction volume in North America since 2016, focusing on essential services in waste processing, water treatment, and waste-to-energy markets [8]

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].