Breaking Down the Numbers: GFL Environmental’s Impressive 2024 Results and Exciting 2025 Outlook!
Fourth Quarter 2024 Results and Full Year 2024 Highlights
Fourth quarter revenue, Adjusted EBITDA and Adjusted Free Cash Flow all exceeded expectations. The fourth quarter Adjusted EBITDA margin expanded by 300 basis points for the second consecutive quarter. Solid Waste volumes in the fourth quarter improved sequentially by 310 basis points, which was ahead of expectations.
For the full year 2024, the company reported revenue of $7,862.0 million, indicating an increase of 8.8% excluding the impact of divestitures (4.6% including the impact of divestitures). Adjusted EBITDA stood at $2,250.5 million, a 12.3% increase from the previous year. Adjusted Net Income was reported to be $321.3 million, while there was a net loss of $737.7 million. The full year Adjusted EBITDA margin of 28.6% saw a 190 basis point increase over the prior year. The company reported an Adjusted Free Cash Flow of $820.3 million, marking a 17% increase. Cash flow from operating activities was $1,540.2 million.
Guidance for 2025
According to the guidance provided, revenue for the year 2025 is estimated to be approximately $8,425 million, including the contribution from Environmental Services. Adjusted EBITDA for 2025 is estimated to be around $2,500 million, including the contribution from ES. Adjusted Free Cash Flow for the year is estimated to be between $950 million and $975 million, including the contribution from ES. The guidance does not take into account any contribution from additional merger and acquisition activities.
VAUGHAN, ON, Feb. 24, 2025 /PRNewswire/ – GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (“GFL”, “we” or “our”) today announced its results for the fourth quarter and full year 2024, as well as guidance for full year 2025. “Our more than 20,000 employees delivered another year of results that exceeded our expectations,” said Patrick Dovigi, Founder and Chief Executive Officer of GFL.
How GFL Environmental’s 2024 Results and 2025 Outlook Will Impact Me
The impressive financial performance of GFL Environmental Inc. in 2024 and the positive outlook for 2025 are indicative of a strong and growing company. As a shareholder or potential investor in GFL, these results could mean increased value for your investment. The company’s growth and profitability are likely to translate into higher stock prices and potential dividend payouts, offering you a lucrative opportunity in the market.
How GFL Environmental’s 2024 Results and 2025 Outlook Will Impact the World
On a larger scale, the success of GFL Environmental is a positive sign for the waste management and environmental services industry. The company’s growth and expansion signify a commitment to sustainability and environmental stewardship. By delivering strong financial results and setting ambitious targets for the future, GFL is setting a benchmark for other companies in the sector to follow. This can lead to more innovation, efficiency, and environmentally friendly practices industry-wide, ultimately benefiting the planet and its inhabitants.
Conclusion
In conclusion, GFL Environmental’s impressive 2024 results and exciting 2025 outlook highlight the company’s continued growth and success in the waste management industry. As an individual investor, these results can offer potential financial gains, while on a global scale, GFL’s achievements set a positive example for sustainability and responsible business practices. As we look ahead to 2025, the future seems bright for GFL Environmental and the industry as a whole.
