04:32 PM EDT, 04/30/2025 (MT Newswires) -- GFL Environmental ( GFL ) was last seen down 3.8% in after-hours New York trading after the company on Wednesday reported its first-quarter adjusted loss narrowed as revenue rose.

The waste management company's adjusted loss, excluding most one-time items, narrowed to $34.5 million, or $0.09 per share, compared to a year-prior loss of $47.8 million, or $0.13.

Revenue rose 12.5% to $1.56 billion, above the consensus forecast of $1.52 billion, according to Capital IQ.

"During the quarter, we used the proceeds from the sale of our Environmental Services business to materially de-lever our balance sheet to Net Leverage of 3.1x, the lowest in the company's history," said Chief Executive Patrick Dovigi. "Ths not only accelerates our path to an investment grade credit rating, but also allows us to re-ignite our solid waste M&A engine."

Dovigi said the company is on track to meet full year guidance.

GFL shares were last seen down US$1.90 to US$48.00 after-hours New York trading. They closed down $0.23 to $68.79 on the Toronto Stock Exchange.