GFL Expects to Reap $4.3 Billion From Environmental Services Deal [BNN Bloomberg (Canada)]
GFL Environmental Inc. Subordinate voting shares, no par value (GFL)
Company Research
Source: BNN Bloomberg
The Vaughan, Ontario-based waste management company expects to net a minimum of C$6 billion ($4.3 billion) after tax from the sale, Chief Executive Officer Patrick Dovigi said in a statement accompanying its third quarter results. GFL will use the money to repay at least C$3.5 billion of debt with the remainder available for share buybacks or other purposes, he said. GFL became one of North America's largest waste management companies in recent years by rapidly acquiring rivals in the US and Canada. But the debt used to finance that growth has become a concern for investors, prompting the company to begin looking for buyers for less profitable businesses. GFL has also been under scrutiny recently after a string of reports of gunfire and arson targeting its operations around the province of Ontario. Last week, shots were fired at one of GFL's Toronto offices, after Canadian media reported similar incidents at Dovigi's home and at the home of a consultant working for the group. T
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GFL
News
- GFL Environmental: EBITDA Growth Should Accelerate From Here [Seeking Alpha]Seeking Alpha
- Taylor Swift's Eras Tour reaches Toronto this week. What is the pop star's net worth? Take our business quiz for the week of Nov. 15 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- GFL Environmental Inc. (GFL) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- GFL Environmental Inc. (NYSE: GFL) had its price target raised by analysts at Raymond James from $47.00 to $50.00. They now have an "outperform" rating on the stock.MarketBeat
- GFL Environmental Inc. (NYSE: GFL) had its price target raised by analysts at Truist Financial Co. from $46.00 to $54.00. They now have a "buy" rating on the stock.MarketBeat
GFL
Earnings
- 11/6/24 - Beat
GFL
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- GFL's page on the SEC website