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GFL Environmental's Second-quarter Profit, Revenue Beat Expectations; Full-year Outlook Raised
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GFL Environmental's Second-quarter Profit, Revenue Beat Expectations; Full-year Outlook Raised
Jul 30, 2025 2:33 PM

05:03 PM EDT, 07/30/2025 (MT Newswires) -- GFL Environmental ( GFL ) after trade Wednesday said its second-quarter profit and revenue rose year-over-year, beating estimates, and raised its full-year outlook.

The waste management company's adjusted profit, excluding most one-time items, rose to $101.5 million, or $0.26 per share, in the period, from $18.4 million, or $0.05, a year ago. FactSet expected $0.18 per share.

Revenue rose to $1.68 billion from $1.58 billion in the year-ago quarter. FactSet projected $1.67 billion.

"Our strong performance, achieved amid continued macroeconomic uncertainty and headwinds from lower commodity prices, underscores the resiliency of our business model," Chief Executive Patrick Dovig said.

He added that the company is increasing its full-year 2025 outlook for adjusted EBITDA to between $1.95 billion and $1.98 billion and adjusted EBITDA margin expansion of 120 basis points year-over-year at the mid-point.

The company also said it now expects revenue to range between $6.55 billion and $6.58 billion, about $110 million higher than the original estimate before accounting for currency effects. Adjusted free cash flow remains unchanged at about $750 million.

The company's shares closed down $1.27 to $65.87 on the Toronto Stock Exchange.

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