Recent Updates — GFL

GFL Environmental Inc. reported third-quarter revenue of $2,155.3 million, a 27.2% increase year-over-year, driven by 7.4% organic growth and core pricing increases. Adjusted EBITDA rose 26.8% to $678.7 million with underlying margin expansion of 115 basis points. The company raised its full-year 2026 guidance for the third time this year, now expecting revenue and Adjusted EBITDA growth in the low-to-mid 20s range. Additionally, GFL announced that a Special Committee formed to review unsolicited proposals to take the company private has set a final deadline of November 9, 2026, for interested parties to submit updated bids. Joseph Lenz joined the board as part of the previously announced acquisition of SECURE Waste Infrastructure Corp. GFL Environmental Inc. is a diversified environmental services provider offering solid waste management across North America.

GFL Environmental has been awarded the National Waste & Recycling Association (NWRA) 2026 Recycling Facility of the Year honor. The recognition highlights its Montréal-East Material Recovery Facility, a 120,000-square-foot single-stream residential hub capable of processing up to 220,000 tons of materials annually. This marks the third time since 2020 that one of GFL's facilities has received this distinction, underscoring its investment in technology and sustainable solutions for resource recovery services. GFL is a diversified environmental services company providing comprehensive solid waste management across Canada and the United States.

GFL Environmental Inc. announced the appointment of Allen Gransch as Chief Operating Officer effective October 1, 2026. Mr. Gransch previously served as Executive Vice President since September 1, 2026, following the acquisition of SECURE Waste Infrastructure Corp., where he held roles including CFO, COO, and CEO. Concurrently, outgoing COO Billy Soffera transitioned to a senior strategic advisor role to lead value-creation initiatives. GFL Environmental Inc. is a diversified environmental services company providing solid waste management across Canada and the United States.

GFL Environmental Inc. announced that its Board of Directors declared a quarterly cash dividend of US$0.0169 per share for the third quarter of 2026. The payment is scheduled for October 30, 2026, to shareholders of record as of October 14, 2026. This distribution is designated as an eligible dividend under Canadian tax law. GFL Environmental Inc. operates in the environmental services industry, providing comprehensive solid waste management services across Canada and the United States.

GFL Environmental Inc. closed its acquisition of SECURE Waste Infrastructure Corp., financing the transaction through existing revolving credit capacity, the issuance of 75,126,306 GFL subordinate voting shares, and a new US$1 billion senior secured term loan maturing in August 2033 at SOFR plus 200 basis points. The deal adds over 2,000 employees to GFL's workforce of more than 17,000, with SECURE management retaining leadership roles. SECURE shares delisted from the Toronto Stock Exchange on September 2, 2026, while new GFL shares began trading under ticker "GFL" on that date. The acquisition is expected to accelerate multi-year financial targets and increase capital deployment capacity while maintaining a targeted year-end Net Leverage in the mid-3s. GFL Environmental Inc. operates in the environmental services industry, providing comprehensive solid waste management services across Canada and 19 U.S. states.

GFL Environmental Inc. reported a net loss of $375.5 million for the six months ended June 30, 2026, compared to net income of $3,658.7 million in the prior year period. The decline was driven by a $464.1 million non-cash foreign exchange loss on unhedged U.S. dollar-denominated debt and a $30.0 million change in value on its Call Option for GFL Environmental Services. Revenue increased 11.0% to $3,591.6 million, supported by 7.0% growth from acquisitions completed since January 1, 2025, and 6.5% from core pricing. Adjusted EBITDA rose 13.7% to $1,069.7 million. The company acquired 10 businesses for a total consideration of $1,604.5 million, including $1,385.2 million in cash and $156.4 million in share capital. Long-term debt increased by $2,176.6 million to $9,599.2 million as the company funded acquisitions and operations. GFL Environmental Inc. operates in the solid waste management industry, providing non-hazardous collection, landfill, transfer, and recycling services across Canada and the United States.