GFL Environmental Inc T.GFL

Alternate Symbol(s): GFL

GFL Environmental Inc. is a Canada-based diversified environmental services company. The Company is engaged in providing non-hazardous solid waste management, infrastructure and soil remediation services and liquid waste management services. Its segments include Solid waste, which includes landfill, material recovery facilities, and Environmental Services, which includes liquid waste management and soil remediation services. Its service range includes residential waste collection, commercial waste collection, industrial cleaning services, dumpster rental services, liquid and hazardous waste and soil remediation services. It offers commercial, institutional, and industrial customers a range of environmentally hazardous waste handling services from onsite packaging, container supply, and transportation, to licensed disposal or recycling. It owns, operates, and manages solid and liquid waste disposal, transfer and recycling facilities across North America.

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GFL Environmental Inc

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Post by Possibleidiot01on May 03, 2024 9:39pm

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Post# 36022831

Trevor Rose's Insights - BUY

GFL Environmental Inc.(GFL-T)

03/05/2024

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

EPS was essentially flat vs expectations of a tiny loss. Revenue of $1.8B beat estimates by 1.2%. EBITDA of $455.7M beat by 3.4%. GFL's revenue, Ebitda and free cash flow exceeded consensus, reflecting benefits from last year's solid-waste divestitures and efforts to shed low-margin contracts. Reported revenue was flat due to the 2023 divestitures but included 4% organic growth in solid waste, where price increases offset volume declines, and which drove 160 bps of segment margin expansion. Environmental Services revenue fell 10% organically amid reduced emergency-response activity. Free cash flow topped expectations, though GFL's net leverage rose to 4.3x due to a $322 million increase in debt. The company used C$112 million for acquisitions and expects to spend C$600-$650 million on deals for the full year. However, net leverage is still seen approaching 3.65-3.85x by year-end. Guidance WAS increased, but only marginally. The stock is not cheap at 44X earnings, but we still think it is buyable.
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environmental

$44.840