Business StrategyThe stock outperformed on the increased likelihood of the sale of GFL's ES business, which will remove leverage concerns, enable share repurchases, and refocus the company on growth in solid waste.
Contract AwardsGFL announced new Extended Producer Responsibility contract awards in Ontario and Quebec, which will boost EBITDA gains to $130MM from $80-$100MM prior.
Financial PerformanceGFL's 2Q results beat expectations, and it raised its 2024 EBITDA outlook for the 2nd time.