Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for GFL Environmental Inc. despite higher revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - GFL Environmental is expected to report quarterly earnings of $0.23 per share, reflecting a year-over-year decrease of 4.2% [3]. - Revenue is projected to be $1.49 billion, which is an increase of 5.5% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 4.17% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - The Most Accurate Estimate for GFL is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -17.90% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [6][7]. - GFL's current Zacks Rank is 3, which complicates the prediction of an earnings beat given the negative Earnings ESP [10]. Historical Performance - In the last reported quarter, GFL Environmental had an earnings surprise of +5%, reporting $0.21 per share against an expectation of $0.20 [11]. - Over the past four quarters, GFL has beaten consensus EPS estimates two times [12]. Industry Comparison - In the Zacks Waste Removal Services industry, Aris Water Solutions, Inc. is expected to post earnings of $0.27 per share, indicating a year-over-year increase of 58.8% [16]. - Aris Water Solutions has an Earnings ESP of -9.77% and a Zacks Rank of 4, making it difficult to predict an earnings beat [17].

Core Viewpoint - GFL Environmental Inc. will release its 2024 third quarter financial results on November 6, 2024, and will host an investor conference call on November 7, 2024, at 8:30 am Eastern Time [1]. Group 1: Financial Results Announcement - The company is set to announce its 2024 third quarter financial results after market close on November 6, 2024 [1]. - An investor conference call will take place on November 7, 2024, at 8:30 am Eastern Time to discuss the financial results [1]. Group 2: Conference Call Access - A live audio webcast of the conference call can be accessed via the company's Investors page or by dialing toll-free numbers in Canada and the United States [2]. - Participants are encouraged to pre-register for the conference call to receive a conference access code and PIN for immediate access [3]. Group 3: Company Overview - GFL Environmental Inc. is headquartered in Vaughan, Ontario, and is the fourth largest diversified environmental services company in North America [4]. - 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 [4]. - GFL employs over 20,000 individuals across its organization [4].

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 div ...

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 c ...

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 facili ...

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 ...

One of my favorite quotes comes from "Rich Dad Poor Dad" author Robert Kiyosaki. "In 1971, the U.S. and [President] Nixon convinced the entire world to replace gold and silver with paper money…this stuff: cash is trash." Well, I'd sure love to be Mr. Kiyosaki's sanitation manager because I'd be picking up his trash all day. And that brings us to waste management stocks. Of course, we all understand that cash is not trash. And apparently, due to a logical fallacy known as affirming the consequent, it doesn't ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced break-even earnings, delivering a surprise of -100%. Over the last four quarters, the com ...

Core Insights - GFL Environmental Inc. reported a revenue of $2,060.0 million for Q2 2024, representing an 11.1% increase excluding divestitures and a 6.0% increase including divestitures compared to Q2 2023 [3] - The company raised its full-year 2024 guidance for Adjusted EBITDA to between $2,240.0 million and $2,250.0 million, reflecting a 70 basis point increase over original guidance and a 170 basis point increase year-over-year [2][8] Financial Performance - Adjusted EBITDA for Q2 2024 was $591.1 million, a 13.9% increase excluding divestitures and a 9.3% increase including divestitures compared to Q2 2023 [3] - The Adjusted EBITDA margin improved to 28.7% in Q2 2024, up from 27.8% in Q2 2023, while the Solid Waste Adjusted EBITDA margin increased to 32.5% from 31.6% [3] - The company reported a net loss of $472.3 million in Q2 2024, compared to a net income of $293.8 million in Q2 2023, primarily due to a non-cash loss from divestitures [3][5] Revenue Breakdown - Solid Waste revenue for Q2 2024 was $1,581.6 million, with a core pricing increase of 6.5% offset by a volume decrease of 1.7% [3] - Environmental Services revenue increased to $478.4 million from $442.9 million in the prior year period [3] Year-to-Date Results - For the six months ended June 30, 2024, total revenue was $3,861.4 million, an 8.9% increase excluding divestitures and a 3.2% increase including divestitures compared to the same period in 2023 [4] - Adjusted Free Cash Flow for the six months ended June 30, 2024, was $234.8 million, a significant increase from $(46.3) million in the prior year [5] Updated Guidance - The updated full-year 2024 revenue guidance is estimated to be between $7,900.0 million and $7,925.0 million, reflecting an increase compared to original guidance [8] - Adjusted Free Cash Flow for the full year is estimated to be approximately $810.0 million, up from previous guidance [8] Strategic Insights - The company is focusing on organic growth opportunities, including RNG and EPR, and has accelerated its exit from low-margin residential collection contracts in Michigan [2] - GFL is exploring potential asset sales to enhance shareholder value, with preliminary expressions of interest already received [2]

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 or 1-833-470-1428 in the United States (access code: 776136) approximately 15 minutes prior to the scheduled start time. GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of solid ...