One of my favorite quotes comes from "Rich Dad Poor Dad" author Robert Kiyosaki. "In 1971, the U.S. and [President] Nixon convinced the entire world to replace gold and silver with paper money…this stuff: cash is trash." Well, I'd sure love to be Mr. Kiyosaki's sanitation manager because I'd be picking up his trash all day. And that brings us to waste management stocks. Of course, we all understand that cash is not trash. And apparently, due to a logical fallacy known as affirming the consequent, it doesn't ...

GFL Environmental Inc. (GFL) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced break-even earnings, delivering a surprise of -100%. Over the last four quarters, the com ...

Revenue of $2,060.0 million, ahead of guidance Solid Waste price of 6.5% excluding the impact of divestitures, increase of 6.1% including the impact of divestitures Adjusted EBITDA1 of $591.1 million, increase of 13.9% excluding the impact of divestitures; 9.3% including the impact of divestitures; Adjusted Net Income1 of $108.7 million; Net loss of $472.3 million Adjusted EBITDA margin1 of 28.7%, increase of 90 basis points; Solid Waste Adjusted EBITDA margin1 of 32.5%, increase of 90 basis points Adjusted ...

VAUGHAN, ON, June 27, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it will release its 2024 second quarter financial results after the market closes on Wednesday July 31, 2024 and will host an investor conference call related to this release on Thursday August 1, 2024 at 8:30 am Eastern Time.A live audio webcast of the conference call can be accessed by logging onto the Company's Investors page at investors.gflenv.com or by clicking here or ...

Contends That a Sale of the Environmental Solutions Division or the Entire Business Represent Best Paths Forward to Maximize Value for All Shareholders Strongly Believes that GFL Environmental's Board and Management Should Genuinely Consider All Inbound Third-Party Acquisition Offers MIAMI BEACH, Fla., June 12, 2024 (GLOBE NEWSWIRE) -- ADW Capital Management, LLC, which owns 1,650,000 shares of GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) (the "Company") together with its affiliates, today issued an open le ...

Contends That a Sale of the Environmental Solutions Division or the Entire Business Represent Best Paths Forward to Maximize Value for All Shareholders Strongly Believes that GFL Environmental’s Board and Management Should Genuinely Consider All Inbound Third-Party Acquisition Offers MIAMI BEACH, Fla., June 12, 2024 (GLOBE NEWSWIRE) -- ADW Capital Management, LLC, which owns 1,650,000 shares of GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (the “Company”) together with its affiliates, today issued an open ...

VAUGHAN, ON, June 6, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") today announced the pricing of US$500 million in aggregate principal amount of 6.625% senior notes due 2032 (the "Notes"), in a transaction that was significantly oversubscribed. The Notes will have an effective interest rate to GFL of 6.101% after giving effect to a cross-currency interest rate swap. GFL intends to use the net proceeds from the offering of the Notes (the "Notes Offering"), together with cash on h ...

VAUGHAN, ON, June 6, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") today announced that it is planning to commence, subject to market and other conditions, a private offering of US$500 million in aggregate principal amount of senior notes due 2032 (the "Notes"). GFL intends to use the net proceeds from the offering of the Notes (the "Notes Offering"), together with cash on hand, to redeem all of GFL's outstanding US$500 million aggregate principal amount of 4.250% Senior Secured ...

GFL Environmental Inc. (GFL) shares soared 10.4% in the last trading session to close at $34.73. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4% loss over the past four weeks.The rise in GFL's stock price was fueled by reports indicating that the company might be attracting buyout interest from a group of private equity sponsors. This company is expected to post quarterly earnings of $0.24 per share in its upcoming report, whi ...

财务数据和关键指标变化 - 第一季度收入为18亿美元,同比增长6.5%,超出内部预期2500万美元 [31] - 第一季度调整后EBITDA利润率为27.5%,同比提升100个基点,超出预期50个基点 [34] - 第一季度自由现金流为4900万美元,同比增加近1亿美元,超出预期 [40] - 截至3月31日,净负债率为4.3倍,反映了季节性因素和汇率变动的影响 [41] 各条业务线数据和关键指标变化 - 固废业务收入为14.1亿美元,同比增长6.5%,主要受价格和体量的推动 [31] - 固废业务EBITDA利润率为32.1%,同比提升100个基点,主要受价格成本差扩大、RNG贡献和运营杠杆提升的影响 [34] - 环境服务业务收入为4.5亿美元,同比增长10%,扣除去年同期异常高的基数,实际增长超过10% [36] - 环境服务业务EBITDA利润率为29.4%,受天气等因素影响下降约100个基点 [37] 各个市场数据和关键指标变化 - 南部市场1月份异常寒冷天气对体量产生负面影响,但北部市场2-3月温和天气部分抵消了这一影响 [16][37] - 体量同比下降3%,好于预期,主要受天气因素影响 [16][17] 公司战略和发展方向及行业竞争 - 公司持续推进内部优化策略,包括提价、剥离低质量收入、提升资产利用率等,有助于推动持续的利润率扩张 [18] - 公司正在大规模部署再生能源、回收等增长投资,预计未来几年将为公司带来可观的投资回报 [19][21] - 公司在加拿大市场的EPR合同将在今年底开始贡献,并在2025年达到全面贡献 [20] - 公司通过收购进一步巩固在现有市场的垂直一体化优势,为未来带来持续的有机增长动力 [23][24] 管理层对经营环境和未来前景的评论 - 公司第一季度表现超预期,体现了员工和资产的高质量,有信心全年保持良好势头 [10][12] - 价格策略持续超预期,有信心实现或超越全年价格指引 [13] - 成本方面,人工流失率和维修成本均呈现改善趋势,有助于持续的利润率扩张 [15] - 公司有信心实现全年体量和调整后EBITDA指引,并有望进一步提升调整后EBITDA指引至22.3亿美元 [29] 问答环节重要的提问和回答 问题1 **Stephanie Moore 提问** 询问EPR合同的最新进展和预期贡献 [62] **Patrick Dovigi 回答** 公司已获得多个重要EPR合同,包括即将签约多伦多全市回收业务,预计将为公司带来额外的80-100百万美元EBITDA贡献 [63][64][65] 问题2 **Kevin Chiang 提问** 询问公司2024年M&A支出的进度和剩余计划 [73][74] **Patrick Dovigi 和 Luke Pelosi 回答** 公司已完成约5亿美元的M&A支出,剩余100-150百万美元将在未来几个季度逐步完成,公司将严格控制在600-650百万美元的指引范围内 [74][75] 问题3 **Michael Hoffman 提问** 询问公司在提价、成本管控等方面的自我优化进度和未来潜力 [130][131][132][133] **Patrick Dovigi 回答** 公司在环境服务和固废业务都还有较大的自我优化空间,包括进一步推行各类附加费用、提升资产利用率等,预计未来2-3年内将显著提升整体的利润率和自由现金流转换能力 [196][197][198][199][200][201][206][207]