GFL Environmental reports Q3 EPS 28c, consensus 26c

Reports Q3 revenue $1.69B, consensus $1.69B. “Once again, the dedication of our over 15,000 employees delivered better than expected results across all of our key financial metrics,” said CEO Patrick Dovigi. “In the quarter, we generated top line growth of 9.0% and an Adjusted EBITDA margin1 of 31.6%, the highest in the Company’s history and an industry leading 90 basis points increase over the prior year. The ongoing strength of our financial performance in the face of continued external headwinds further underscores the resiliency of our business model and effectiveness of our strategies. We also executed on our returns focused capital allocation strategies during the quarter, repatriating $200M from the highly successful recapitalization of GIP, completing $346 million of share repurchases and investing over $300M in acquisitions. Our M&A pipeline remains robust and going forward we will continue to be opportunistic in our approach to accretive M&A, strategic reinvestment and return of capital to shareholders. Given our strong results to date, for the second time this year we are increasing our full year revenue and Adjusted EBITDA3 guidance to be at or above the high end of the previously provided ranges. The contributions from our growth investments and recently completed M&A will provide additional tailwinds over the near term, positioning GFL for another year of outsized margin expansion and growth in 2026.”