04:44 PM EDT, 05/01/2024 (MT Newswires) -- GFL Environmental ( GFL ) was higher in US after trade Wednesday after reporting net loss for first quarter 2024 narrowed versus a year earlier on improved revenues, while it also increased some guidance for 2024.

The waste management company reported net loss attributable for Q1 narrowed to $172.8 million from a loss of $219.4 million last year. It had a net loss of $176.5 million compared to $217.8 million in the first quarter of 2023.

Adjusted net Income was $0.9 million and adjusted income per share was $0.00.

GFL said revenue of $1,801.4 million in the first quarter of 2024 was "ahead of guidance" and marked an increase of 6.5% excluding the impact of divestitures (0.1% including the impact of divestitures), compared to the first quarter of 2023.

The company increased its 2024 guidance for adjusted EBITDA to $2.23 billion (from $2.215 billion), based on Q1 results. It expects to update the other components of its previously provided guidance when it reports its second quarter results.