GFL(US:GFL) Prnewswireยท2025-02-24 21:06Core 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]