GFL Environmental raised 2024 adjusted EBITDA outlook to C$2.24B-C$2.25B

Sees 2024 revenue C$7.9B-C$7.925B. The company said, “The success of our first half results sets us up to increase our 2024 full year guidance for the second consecutive quarter. In particular, we are increasing our guidance for Adjusted EBITDA1 to between $2.24 billion and $2.25 billion and Adjusted EBITDA margin1 to 28.4%, a 70 basis point increase over our original guidance and a 170 basis point increase over last year. The highly predictable and recurring nature of our business model also gives us confidence to reaffirm our year end Net Leverage2 target of between 3.65x to 3.85x.”