GFL Environmental Reports Third Quarter 2026 Results and Raises Full Year 2026 Guidance
Key Highlights
- ➤Q3 revenue $2,155.3 million, up 27.2% year over year
- ➤Q3 Adjusted EBITDA $678.7 million, up 26.8%
- ➤Q3 Adjusted Free Cash Flow $272.5 million, up from $180.5 million
- ➤2026 revenue guidance raised to approximately $8,055 million-$8,075 million
- ➤2026 Adjusted Free Cash Flow guidance raised to approximately $1,020 million
- ➤Take-private proposals face a final November 9, 2026 submission deadline
Expert Statements
Patrick Dovigi, Founder and Chief Executive Officer of GFL Environmental
“Once again we delivered better than expected results this quarter, thanks to the hard work and commitment of our over 17,000 employees.”
Patrick Dovigi, Founder and Chief Executive Officer of GFL Environmental
“In the quarter, we generated industry leading organic revenue growth of 7.4% and underlying Adjusted EBITDA margin(1) expansion of more than 115 basis points.”
Patrick Dovigi, Founder and Chief Executive Officer of GFL Environmental
“The ongoing strength of our financial performance in the face of a challenging macroeconomic backdrop further underscores the resiliency of our business model and effectiveness of our strategies.”
Patrick Dovigi, Founder and Chief Executive Officer of GFL Environmental
“Given our strong results year to date and the expected contribution from our acquisition of SECURE Waste Infrastructure Corp., we are raising our 2026 full year guidance for the third time this year.”
Patrick Dovigi, Founder and Chief Executive Officer of GFL Environmental
“During the third quarter, we formed a Special Committee of independent directors to review unsolicited inbound proposals to take the Company private.”
Patrick Dovigi, Founder and Chief Executive Officer of GFL Environmental
“The Special Committee has provided interested parties with a final deadline of November 9, 2026 to deliver their updated proposals, at which time the Special Committee will determine next steps.”
Patrick Dovigi, Founder and Chief Executive Officer of GFL Environmental
“The strong interest from leading global institutional investors is a testament to the hard work of our team and the quality of the business we have built.”
Patrick Dovigi, Founder and Chief Executive Officer of GFL Environmental
“While the Special Committee completes its review, our team remains laser focused on delivering on our strategic plan that we laid out at our last investor day including driving outsized margin expansion in the base business and improving Adjusted Free Cash Flow(1) conversion toward the mid 40% range.”
GFL Environmental Reports Third Quarter 2026 Results and Raises Full Year 2026 Guidance PR Newswire
* Revenue, Adjusted EBITDA(1) and Adjusted Free Cash Flow(1) all ahead of expectations * Underlying Adjusted EBITDA margin(1) expansion of 115 basis points, excluding the impacts of M&A and diesel prices * 7.4% organic revenue growth, accelerating sequentially by 100 basis points * Adjusted EBITDA(1) of $678.7 million, increase of 26.8%; Adjusted Net Income from continuing operations(1) of $100.1 million; Net loss from continuing operations of $28.0 million * Year-to-date completed acquisitions generating approximately $2 billion in annualized revenue * Raised full year 2026 guidance for the third time this year; now expecting low-to-mid 20s growth for revenue and Adjusted EBITDA(2) and over 30% growth for Adjusted Free Cash Flow(2) MIAMI BEACH, FL, Oct. 28, 2026 /PRNewswire/ -- GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL", "we", "our", or the "Company") today announced its results for the third quarter of 2026.
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