Canada's GFL Environmental Q2 revenue beats estimates, raises FY guidance
GFL•Outlook
- GFL now expects 2026 revenue of C$7.51 bln to C$7.53 bln, up from prior guidance
- Company sees 2026 adjusted EBITDA at C$2.29 bln, up from previous guidance
- GFL expects 2026 adjusted free cash flow of C$900 mln, up from prior guidance
Overview
- Canada waste management firm's Q2 revenue rose 16.3% yr/yr on accelerating organic growth
- Q2 adjusted EBITDA rose 14.8% and beat analyst expectations
- Company raised full-year 2026 guidance for revenue, adjusted EBITDA and free cash flow
Result drivers
- Organic growth - Q2 organic revenue grew 6.4%, accelerating sequentially, per company
- Core pricing - Core pricing contributed 6.1% to overall revenue growth, per company
- Acquisitions - Year-to-date completed acquisitions generating approximately C$435 mln to C$460 mln in annualized revenue
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
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