GFL Environmental Raises Full-Year Outlook Amid Strong Q2 Performance
GFL Environmental Inc. (NYSE: GFL) raised its full-year revenue and earnings outlook for the second time in 2026, citing strong pricing gains, acquisition activity, and operational efficiencies despite softer construction volumes and higher diesel costs. Second-quarter results showed a 16.3% year-over-year revenue increase with organic growth of 6.4%. CEO Patrick Dovigi highlighted the company's resilience amid macroeconomic challenges. The firm reported adjusted EBITDA margin expansion to 30.4%, driven by pricing strength and surcharge revenues, despite volume declines in construction and demolition sectors. GFL now expects full-year revenue of C$7.52 billion, with adjusted free cash flow reaching up to C$900 million. The company also announced plans for further acquisitions and is evaluating potential take-private offers. GFL's CFO noted that commodity prices provided a modest benefit in Q2 and could contribute significantly more if current levels persist through the third quarter.
Tickers: $GFL
Topics: acquisitions ebitda free_cash_flow outlook_update revenue_growth