Gfl Environmental Inc ( (GFL) ) has released its Q4 earnings. Here is a breakdown of the information Gfl Environmental Inc presented to its investors.
GFL Environmental Inc., a leading diversified environmental services company in North America, provides comprehensive waste management solutions across Canada and the United States. The company has a workforce of approximately 20,000 employees and operates in the solid waste, liquid waste, and soil remediation sectors.
In its latest earnings report, GFL Environmental Inc. announced that its fourth-quarter and full-year 2024 results surpassed expectations, with significant growth in revenue and adjusted EBITDA. The company also provided guidance for 2025, anticipating continued growth and strategic initiatives to enhance shareholder value.
Key financial highlights include a full-year revenue of $7,862 million, marking an 8.8% increase excluding divestitures, and an adjusted EBITDA of $2,250.5 million, up by 12.3%. Despite a net loss of $737.7 million for the year, the company reported a strong adjusted free cash flow of $820.3 million, a 17% increase. GFL also announced the sale of its Environmental Services business, expected to close in March 2025, which will help reduce debt and support future growth initiatives.
Looking ahead, GFL Environmental Inc. projects 2025 revenue to reach approximately $8,425 million, with an adjusted EBITDA of $2,500 million. The company plans to focus on organic growth, strategic acquisitions, and share buybacks to drive value creation. GFL’s management remains optimistic about maintaining industry-leading growth and achieving an investment-grade credit rating.
Overall, GFL Environmental Inc. is poised for continued expansion and value creation, leveraging its strong North American platform and strategic initiatives to optimize operations and enhance shareholder returns.