GFL Environmental Reports Third Quarter 2024 Results
Portfolio Pulse from
GFL Environmental Inc. reported its third quarter 2024 results, highlighting a record adjusted EBITDA margin of 31.1% and the lowest net leverage in its history at 4.05x. The company is on track with its Environmental Services sale, expecting net proceeds of at least $6 billion. Solid Waste pricing and volume exceeded expectations, and year-to-date acquisitions are generating significant revenue.
November 06, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
GFL Environmental Inc. reported strong Q3 2024 results with a record adjusted EBITDA margin of 31.1% and the lowest net leverage in its history at 4.05x. The company is progressing with its Environmental Services sale, expecting net proceeds of at least $6 billion. Solid Waste pricing and volume exceeded expectations, and acquisitions are contributing significantly to revenue.
The record EBITDA margin and lowest net leverage indicate strong financial health, likely boosting investor confidence. The successful progress of the Environmental Services sale and better-than-expected Solid Waste performance further support a positive outlook. These factors suggest a likely short-term positive impact on GFL's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100