Reports Q4 revenue C$1.82B vs. C$1.44B a year ago. "Our employees delivered another exceptional year of results, outperforming our previously increased full year 2022 guidance," said Patrick Dovigi, Founder and CEO of GFL. "In 2022, strong execution drove our achievement of double digit, industry-leading revenue growth, including our highest to date Solid Waste core pricing increase of 9.9% for the fourth quarter, continued volume growth and acquisitions that outperformed expectations. We also grew Adjusted EBITDA2 for the quarter by 17.0% and demonstrated the effectiveness of our pricing and efficiency initiatives to counteract continuing inflationary cost pressures, resulting in organic Adjusted EBITDA margin expansion of 125 basis points, excluding the impact of fuel and commodity prices. Going into 2023, we believe with a high degree of visibility that the continued implementation of these initiatives will result in significant opportunities for outsized margin expansion."
Published first on TheFly
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