GFL Environmental

GFL Environmental Announces Acquisition of WCA Waste Corporation and Further Expansion of U.S. Footprint

Retrieved on: 
Wednesday, August 12, 2020
Patrick Dovigi, GFL Environmental

GFL expects that the Acquisition will expand its U.S. footprint while creating an opportunity to realize meaningful synergies and free cash flow accretion.

Key Points: 
  • GFL expects that the Acquisition will expand its U.S. footprint while creating an opportunity to realize meaningful synergies and free cash flow accretion.
  • Following completion of the acquisition of WCA and the divestiture assets from Waste Management and ADS, GFL will operate in nine provinces in Canada and in 27 states in the United States.
  • We are excited to welcome almost 1,600 employees of WCA to the GFL family," saidPatrick Dovigi, the Founder and Chief Executive Officer of GFL.
  • GFL is well positioned to fund the Acquisition with its strong balance sheet and proven access to the capital markets.

GFL Environmental Reports Second Quarter 2020 Results

Retrieved on: 
Wednesday, August 5, 2020
GFL Environmental, Finance, Earnings before interest, taxes, depreciation, and amortization, German Football League, BlackBerry Limited, Financial markets, Companies of Canada

Solid Waste Adjusted EBITDA margin of 30.6%, increase of 180 basis points

Key Points: 
  • Solid Waste Adjusted EBITDA margin of 30.6%, increase of 180 basis points
    Adjusted earnings per share* of $0.03; Loss per share of $(0.32)
    VAUGHAN, ON, Aug. 5, 2020 /PRNewswire/ - GFL Environmental Inc. (NYSE: GTL)(TSX: GFL) ("GFL" or the "Company") today announced its results for the second quarter of 2020.
  • Revenue increased by 19.5% to $993.3 million in the second quarter of 2020 compared to the second quarter of 2019.
  • Adjusted EBITDA* increased by 23.4% to $261.5 million in the second quarter of 2020 compared to the second quarter of 2019, primarily attributable to strong revenue growth in the quarter.
  • Cash flow from operating activities increased by 137.3% to $132.2 million in the second quarter of 2020 compared to the second quarter of 2019.

GFL Environmental Inc. Sets Date for Second Quarter 2020 Earnings Release and Conference Call

Retrieved on: 
Thursday, July 9, 2020
GFL Environmental, German Football League, Conference call

VAUGHAN, ON, July 9, 2020 /PRNewswire/ -GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it will release its second quarter 2020 financial results after the market closes on Wednesday August 5, 2020 and will host an investor conference call related to this release on Thursday August 6, 2020 at 8:00 am Eastern Time.

Key Points: 
  • VAUGHAN, ON, July 9, 2020 /PRNewswire/ -GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it will release its second quarter 2020 financial results after the market closes on Wednesday August 5, 2020 and will host an investor conference call related to this release on Thursday August 6, 2020 at 8:00 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 listeners may access the call toll-free by dialing (833) 968-1934 (conference ID 2382886) approximately 15 minutes prior to the scheduled start time.
  • For those unable to listen live, an audio replay of the call will be available until August 20, 2020 by dialing (800) 585-8367 or (416) 621-4642.
  • Across its organization, GFL has a workforce of more than 13,000 employees and provides its broad range of environmental services to more than 135,000 commercial and industrial customers and its solid waste collection services to more than 4 million households.

GFL Environmental Inc. Announces Quarterly Dividend

Retrieved on: 
Thursday, July 9, 2020
Financial markets, Corporate finance, Finance, Dividends, Equity securities, Stock market, GFL Environmental, Share

VAUGHAN, ON, July 9, 2020 /PRNewswire/ - The Board of Directors of GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it has declared a cash dividend of US$0.01 for each outstanding subordinate voting share and multiple voting shareof the Company for the second quarter of 2020.

Key Points: 
  • VAUGHAN, ON, July 9, 2020 /PRNewswire/ - The Board of Directors of GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it has declared a cash dividend of US$0.01 for each outstanding subordinate voting share and multiple voting shareof the Company for the second quarter of 2020.
  • The cash dividend will be paid on July 31, 2020 to shareholders of record at the close of business on July 20, 2020.
  • The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada).
  • GFL undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws.

GFL Environmental Announces US$835 million Acquisition of Assets and Expansion of U.S. Footprint

Retrieved on: 
Wednesday, June 24, 2020
Financial ratios, Accretion, Leverage, Synergy, Economy, Articles, GFL Environmental

GFL expects that the Acquisition will significantly expand its U.S. footprint while creating an opportunity to realize meaningful synergies and earnings accretion.

Key Points: 
  • GFL expects that the Acquisition will significantly expand its U.S. footprint while creating an opportunity to realize meaningful synergies and earnings accretion.
  • The Acquisition brings a high-quality, complementary asset network and customer base to GFL's existing operations in the States of Michigan, Georgia, Alabama and Pennsylvania.
  • GFL is well positioned to fund the Acquisition with its strong balance sheet and proven access to capital markets.
  • Following completion of the Acquisition, GFL expects to maintain its current credit rating profile and leverage within previously stated ranges.

Waste Management and Advanced Disposal Announce Revised Terms of Acquisition and Agreement to Sell Substantially All Anticipated Regulatory Divestitures to GFL Environmental

Retrieved on: 
Wednesday, June 24, 2020
Energy, Environment, Utilities, GFL Environmental, Waste management, Waste management, Waste, Management, Companies

Waste Management and Advanced Disposal also announced today that they have entered into an agreement for GFL Environmental to acquire a combination of Advanced Disposal and Waste Management assets for $835 million, representing approximately $345 million in total revenue based on 2019 results.

Key Points: 
  • Waste Management and Advanced Disposal also announced today that they have entered into an agreement for GFL Environmental to acquire a combination of Advanced Disposal and Waste Management assets for $835 million, representing approximately $345 million in total revenue based on 2019 results.
  • We believe the revised agreement with Waste Management, coupled with our joint agreement to sell substantially all of the divestitures to GFL Environmental, delivers significant value and certainty of closing to Advanced Disposal stockholders, said Richard Burke, Chief Executive Officer of Advanced Disposal.
  • Specifically, Waste Management continues to expect the acquisition of Advanced Disposal to:
    Expand Waste Managements Talent, Footprint and Customer Base.
  • Waste Management, Advanced Disposal, and GFL Environmental continue to work cooperatively with the U.S. Department of Justice to obtain necessary regulatory clearance.

AirBoss Announces Appointment of New Chief Financial Officer

Retrieved on: 
Tuesday, June 2, 2020
Certus, Magna International, Magna, GFL Environmental, Companies, Economy of Canada

NEWMARKET, Ontario, June 02, 2020 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (the "Company" or "AirBoss") today announced that it has appointed Mr. Frank Ientile to the role of Chief Financial Officer.

Key Points: 
  • NEWMARKET, Ontario, June 02, 2020 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (the "Company" or "AirBoss") today announced that it has appointed Mr. Frank Ientile to the role of Chief Financial Officer.
  • He was previously the Chief Financial Officer for Michigan-based Certus Automotive Inc., a leading supplier of chrome plated parts to the automotive industry.
  • Prior to that he held senior financial positions with GFL Environmental, Royal Building Products, Magna Exteriors and Interiors and Mack Canada Inc.
  • As such, it is not possible to estimate the impacts COVID-19 will have on AirBoss financial position or results of operations in future periods.

GFL Environmental Inc. Releases Inaugural Sustainability Report

Retrieved on: 
Thursday, May 21, 2020
GFL Environmental, Sustainability, Corporate sustainability, Natural environment, Nature

VAUGHAN, ON, May 21, 2020 /PRNewswire/ - GFL Environmental Inc. (NYSE and TSX: GFL) ("GFL" or the "Company"), a leading North American provider of diversified environmental solutions in solid waste, infrastructure and soil remediation and liquid waste, today released its inaugural sustainability report.

Key Points: 
  • VAUGHAN, ON, May 21, 2020 /PRNewswire/ - GFL Environmental Inc. (NYSE and TSX: GFL) ("GFL" or the "Company"), a leading North American provider of diversified environmental solutions in solid waste, infrastructure and soil remediation and liquid waste, today released its inaugural sustainability report.
  • The report details the Company's approach to sustainability and its 2019 results.
  • "Our first sustainability report is an opportunity for us to reflect on our achievements to date, take stock of where we are and what we offer today and to confirm our focus for the future.
  • As highlighted in the Report, GFL's corporate sustainability achievements in fiscal 2019 include:

GFL Environmental Reports First Quarter 2020 Results

Retrieved on: 
Tuesday, May 12, 2020
GFL Environmental, Earnings before interest, taxes, depreciation, and amortization, German Football League, German Football League teams, Economy

Adjusted EBITDA of $222.9 million, increase of 24.4% and Net loss of $(277.9) million

Key Points: 
  • Adjusted EBITDA of $222.9 million, increase of 24.4% and Net loss of $(277.9) million
    VAUGHAN, ON, May 11, 2020 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL, TSX: GFL) ("GFL" or the "Company") today announced its results for the first quarter of 2020.
  • The first quarter reflected a partial month's impact of COVID-19 whereas the second quarter is expected to include a full quarter of COVID-19 related impacts.
  • Adjusted EBITDA* increased 24.4% to $222.9 million in the first quarter of 2020 compared to the first quarter of 2019, primarily attributable to strong revenue growth in the quarter.
  • GFL will host a conference call related to our first quarter earnings on Tuesday, May 12, 2020 at 8:00 am Eastern time.

GFL Environmental Prices Upsized Offering of Senior Secured Notes

Retrieved on: 
Wednesday, April 22, 2020
GFL Environmental, Vaughan

VAUGHAN, ON, April 22, 2020 /PRNewswire/ -GFL Environmental Inc. (NYSE: GFL, TSX: GFL) ("GFL") today announced the pricing of US$500 million in aggregate principal amount of 4.250% senior secured notes due 2025 (the "Notes") in a transaction that was significantly oversubscribed.

Key Points: 
  • VAUGHAN, ON, April 22, 2020 /PRNewswire/ -GFL Environmental Inc. (NYSE: GFL, TSX: GFL) ("GFL") today announced the pricing of US$500 million in aggregate principal amount of 4.250% senior secured notes due 2025 (the "Notes") in a transaction that was significantly oversubscribed.
  • The offering was upsized by US$100 million over the previously announced offering size of US$400 million.
  • GFL intends to use the net proceeds from the offering of the Notes (the "Notes Offering") for general corporate purposes, including future acquisitions.
  • Other factors which could materially affect such forward-looking information are described in the risk factors detailed in the offering documentation prepared and delivered by GFL in connection with the Notes Offering.