Canada's GFL Environmental raises FY revenue, adj EBITDA outlook

GFL Environmental

29/04/2026 21:46

Overview

Canada waste management firm's Q1 revenue grew 5.4%, driven by 7.0% core pricing growth

Q1 Adjusted EBITDA rose 12.3% and beat analyst expectations; margin reached record 29.1%

Company raised full-year 2026 revenue and Adjusted EBITDA guidance following recent acquisitions

Outlook

GFL Environmental raises 2026 revenue guidance to C$7.32 bln–C$7.34 bln

Company lifts 2026 adj EBITDA guidance to C$2.23 bln

2026 outlook excludes impact from proposed SECURE Waste acquisition

Result Drivers

CORE PRICING - 7.0% price growth was the main contributor to revenue increase in Q1

ACQUISITIONS - Eight acquisitions completed since the start of the year are expected to generate C$425 mln to C$450 mln in annualized revenue

MARGIN EXPANSION - Adjusted EBITDA margin rose 180 basis points to 29.1%, the highest Q1 margin in company history

Company press release: ID:nCNWHTD4ca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EBITDA
Beat
C$478.50 mln
C$472.91 mln (16 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

Wall Street's median 12-month price target for GFL Environmental Inc is C$66.50, about 21.2% above its April 28 closing price of C$54.88

The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 57 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)