GFL

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Dividend Increase Announcement: GFL Environmental Inc. has declared a 10% increase in its quarterly cash dividend, raising it from US$0.014 to US$0.0154 per share, payable on April 30, 2025, to shareholders of record by April 14, 2025.

Company Overview: GFL is the fourth largest diversified environmental services company in North America, with over 15,000 employees and operations across Canada and 18 U.S. states.

Analyst Rating Changes: Top Wall Street analysts have adjusted their price targets for several companies, including cuts for Delta Air Lines and PVH Corp, while GFL Environmental and Southwest Airlines saw increases in their targets.

Stock Performance: The article provides the latest closing prices for various stocks mentioned, highlighting significant changes in analyst ratings and market outlooks.

Financial Results Announcement: GFL Environmental Inc. will release its first quarter financial results for 2025 on April 30, followed by an investor conference call on May 1 at 8:30 am ET.

Company Overview: GFL is a major environmental services company based in Vaughan, Ontario, employing over 15,000 people and providing solid waste management services across Canada and 18 U.S. states.

GFL Environmental's Secondary Offering: GFL Environmental Inc. announced the completion of a secondary offering, acquiring 7,056,027 subordinate voting shares as part of a total offering of 18,887,723 shares, with additional purchases from BC Partners and its normal course issuer bid.

Company Overview: GFL is the fourth largest diversified environmental services company in North America, employing over 15,000 people and providing solid waste management services across Canada and 18 U.S. states.

Share Repurchase Announcement: GFL Environmental Inc. has completed a share repurchase transaction, acquiring 17,050,298 subordinate voting shares from BC Partners at a net price of US$46.92 per share, which is approximately 3.5% below the market closing price on March 25, 2025.

Secondary Offering and Future Plans: The company also plans to purchase up to 7,056,027 subordinate voting shares from RBC Dominion Securities as part of a secondary offering, aligning with its strategy to utilize proceeds from the recent sale of its Environmental Services business for opportunistic share repurchases.

Secondary Offering Announcement: GFL Environmental announced a secondary offering of 15.7 million subordinate voting shares by selling shareholders, with the company not receiving any proceeds from the sale.

Financial Performance: GFL reported a GAAP EPS of -C$0.52 and revenue of C$1.99 billion.

GFL Environmental Inc. Share Repurchase Announcement: GFL has received approval from the Ontario Securities Commission to repurchase up to 38,157,045 subordinate voting shares over the next 12 months, utilizing proceeds from the recent sale of its Environmental Services business.

Oversight and Market Conditions: A special committee of independent directors will oversee the share purchases, which will occur at a discount to the closing price on the date of the offering announcement, depending on market conditions.

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Transaction Overview: GFL Environmental Inc. has sold its Environmental Services business to Apollo and BC Partners for $8 billion, with GFL retaining a 44% equity interest in the business.

Future Plans: The proceeds from the sale will be used to repay debt, fund share repurchases, and support organic growth initiatives and solid waste M&A opportunities.

Transaction Overview: GFL Environmental Inc. has sold its Environmental Services business to Apollo Funds and BC Partners for $8 billion, with BGL serving as the financial advisor. GFL will retain a 44% equity interest in the business post-sale.

Future Plans: The proceeds from the sale will be used to repay debt, facilitate share repurchases, and support organic growth initiatives and solid waste M&A opportunities, aiming for investment-grade balance sheet levels.

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Transaction Overview: GFL Environmental Inc. has completed the sale of its Environmental Services business for an enterprise value of $8.0 billion, retaining a $1.7 billion equity interest in the business.

Use of Proceeds: The company plans to allocate up to $3.75 billion from the transaction proceeds to repay debt, with up to $2.25 billion available for share repurchases and the remainder for transaction fees and corporate purposes.

Sale of Environmental Services Business: GFL Environmental has completed the sale of its Environmental Services business for an enterprise value of C$8 billion, while retaining a C$1.7 billion equity interest in it.

Use of Proceeds from Sale: The company plans to allocate up to C$3.75 billion of the net proceeds to repay debt, with up to C$2.25 billion available for share buybacks and the remainder for transaction fees and corporate purposes.

GFL Environmental Inc. Announces NCIB: GFL Environmental has received approval from the Toronto Stock Exchange to initiate a normal course issuer bid (NCIB) for up to 28,046,256 subordinate voting shares over a 12-month period starting March 3, 2025, following the sale of its Environmental Services businesses.

Funding and Purchase Details: The company plans to use up to $2.25 billion from the sale proceeds to repurchase shares, primarily targeting those held by sponsor shareholders, with purchases potentially made through various trading platforms and methods as permitted by regulatory authorities.

Investor Day Announcement: GFL Environmental Inc. is hosting an Investor Day in New York City to discuss its growth strategies, sustainability initiatives, and financial objectives, including a projected revenue of $9.24 billion to $9.49 billion by 2028.

Financial Framework Highlights: The company anticipates annual organic revenue growth of 5% to 6%, with significant contributions from EPR and RNG initiatives, while committing to maintain a net leverage ratio in the low 3s and deploying $700 million to $900 million annually on acquisitions.

ETF Analysis: The Capital Group Core Equity ETF (CGUS) has an implied analyst target price of $40.07 per unit, indicating a potential upside of 10.37% from its current trading price of $36.30.

Stock Performance Insights: Notable underlying holdings such as TFI International Inc, Fidelity National Information Services Inc, and GFL Environmental Inc show significant upside potential based on analysts' target prices, raising questions about the accuracy and optimism of these targets.

Financial Results Announcement: GFL Environmental Inc. will release its fourth quarter and full year 2024 financial results on February 24, 2025, followed by an investor conference call on February 25, 2025.

2025 Investor Day: The company will host its 2025 Investor Day on February 27, 2025, at the New York Stock Exchange, focusing on growth strategies, capital allocation, sustainability initiatives, and financial objectives.

GFL Environmental Inc Trading Update: GFL shares have entered oversold territory with an RSI of 29.99, indicating potential exhaustion of recent selling pressure and possible buying opportunities for investors.

52-Week Performance Overview: GFL's stock has a 52-week low of $30.565 and a high of $48.87, with the latest trade recorded at $42.50.