GFL rises on FY revenue forecast lift, reviews take-private bids
GFL•GFL Environmental raised its 2026 revenue forecast to C$8.06 billion-C$8.08 billion from C$7.51 billion-C$7.53 billion and expects an adjusted EBITDA margin of about 30.9%. It formed a special committee to review unsolicited take-private proposals, with updated bids due November 9.
1. Forecast raised
GFL Environmental expects 2026 revenue of about C$8.06 billion to C$8.08 billion, up from its prior forecast of about C$7.51 billion to C$7.53 billion. It expects an adjusted EBITDA margin of about 30.9%, 40 basis points above its prior forecast despite incremental impacts from higher diesel prices.
2. Take-private proposals
The company formed a special committee to review unsolicited inbound proposals to take it private. CEO Patrick Dovigi said interested parties have until November 9 to deliver updated bids.
3. Quarterly results
GFL posted adjusted profit of C$0.26 per share, up from C$0.23 a year earlier. Its US-listed shares rose 3.7% in extended trading to $45.20.
