GFL Environmental

GFL

Market cap $15.8B

During the third quarter of 2025, the largest portfolio sector weightings were Information Technology and Communication Services. Nebius Group N.V., NVIDIA Corporation, and Astera Labs, Inc. were among the top contributors to performance. Netflix, Inc., James Hardie Industries, and GFL Environmental Inc were among the top detractors from performance.

THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

The Short Form Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible on or about November 24, 2025, through SEDAR+ VAUGHAN, ON , Nov. 21, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the pricing of the previously announced secondary offering (the "Offering") by BCEC-GFL Borrower (Cayman) LP (an entity affiliated with BC Partners Advisors L.P.), Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP and entities affiliated with HPS Investment Partners, LLC (collectively, the "Selling Shareholders") of 16,611,295 subordinate voting shares (the "Shares") at the public offering price of US$45.15 per Share.

The Alger Concentrated Equity ETF outperformed the Russell 1000 Growth Index during the third quarter of 2025. NVIDIA Corporation (NVDA), Nebius Group N.V. (NBIS) and Astera Labs, Inc. (ALAB), were among the top contributors to performance. Netflix, Inc. (NFLX), GFL Environmental Inc (GFL), and Twilio, Inc. (TWLO), were among the top detractors from performance.

GFL Environmental Inc. ( GFL:CA ) Q3 2025 Earnings Call November 6, 2025 8:30 AM EST Company Participants Patrick Dovigi - Founder, Chairman, President & CEO Luke Pelosi - Executive VP & CFO Conference Call Participants Sabahat Khan - RBC Capital Markets, Research Division Kevin Chiang - CIBC Capital Markets, Research Division Stephanie Benjamin Moore - Jefferies LLC, Research Division Trevor Romeo - William Blair & Company L.L.C., Research Division Shlomo Rosenbaum - Stifel, Nicolaus & Company, Incorporated, Research Division Konark Gupta - Scotiabank Global Banking and Markets, Research Division Bryan Burgmeier - Citigroup Inc., Research Division James Schumm - TD Cowen, Research Division Michael Doumet - National Bank Financial, Inc., Research Division Tobey Sommer - Truist Securities, Inc., Research Division Chris Murray - ATB Capital Markets Inc., Research Division William Grippin - Barclays Bank PLC, Research Division Presentation Operator Hello, everyone.

GFL Environmental Inc. (GFL) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.24 per share a year ago.

Revenue, Adjusted EBITDA1 and Adjusted Free Cash Flow1 once again all ahead of expectations Adjusted EBITDA margin1 of 31.6%, highest in Company's history and 90 basis points increase over the prior year period2 7.3% organic price and volume growth with pricing accelerating sequentially by 50 basis points to  6.3% Fourth consecutive quarter of positive volume despite ongoing macroeconomic headwinds Adjusted EBITDA1 of $535.1 million, increase of 12.0% 2 ; Adjusted Net Income from continuing operations1 of $83.9 million; Net income from continuing operations of $108.1 million Year-to-date completed acquisitions generating approximately $205.0 million in annualized revenue Year-to-date completed $2.76 billion of share repurchases, representing over 10% of issued and outstanding subordinate voting shares Raising full year 2025 revenue and Adjusted EBITDA3 guidance for the second time this year VAUGHAN, ON , Nov. 5, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL", "we" or "our") today announced its results for the third quarter of 2025. "Once again, the dedication of our over 15,000 employees delivered better than expected results across all of our key financial metrics," said Patrick Dovigi, Founder and Chief Executive Officer of GFL.

Class A shares of the Alger Focus Equity Fund outperformed the Russell 1000 Growth Index during the third quarter of 2025. Shares of Nvidia contributed positively to performance largely because the company delivered results and guidance that reinforced its leadership in the artificial intelligence boom. During the quarter, James Hardie's shares declined after management delivered fiscal first-quarter results that disappointed investors and signaled a more cautious outlook.

GFL Environmental (GFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS