GFL Environmental Sees FY24 Revenue CAD$7.9B-CAD$7.925B Vs CAD$8.05B Est.; Raises FY24 Adj. EBITDA Guidance To CAD$2.24B-CAD$2.25B, Adj. EBITDA Margin To $28.4%
Portfolio Pulse from Benzinga Newsdesk
GFL Environmental has updated its FY24 guidance, projecting revenue between CAD$7.9B and CAD$7.925B, slightly below the previous estimate of CAD$8.05B. However, the company has raised its adjusted EBITDA guidance to CAD$2.24B-CAD$2.25B and expects an adjusted EBITDA margin of 28.4%. Adjusted Free Cash Flow is estimated at CAD$810M, and net leverage is reaffirmed at 3.65x-3.85x.
July 31, 2024 | 8:39 pm
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GFL Environmental has updated its FY24 guidance, projecting revenue between CAD$7.9B and CAD$7.925B, slightly below the previous estimate of CAD$8.05B. However, the company has raised its adjusted EBITDA guidance to CAD$2.24B-CAD$2.25B and expects an adjusted EBITDA margin of 28.4%. Adjusted Free Cash Flow is estimated at CAD$810M, and net leverage is reaffirmed at 3.65x-3.85x.
The updated guidance shows a slight decrease in revenue estimates but an increase in adjusted EBITDA and EBITDA margin, which is generally positive for the company's profitability. The reaffirmation of net leverage and increase in adjusted free cash flow are also positive indicators.
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