GFL Environmental (GFL) Tops Q3 EPS by 4c; Raises Guidance

GFL Environmental (NYSE: GFL) reported Q3 EPS of $0.20, $0.04 better than the analyst estimate of $0.16. Revenue for the quarter came in at $1.83 billion versus the consensus estimate of $1.31 billion.

GUIDANCE:

GFL's updated revenue guidance for 2022 assumes a CAD/US exchange rate of 1.36 for the remainder of the year (compared to 1.28 provided in our updated guidance on July 27, 2022). The 2022 updated guidance includes the expected contribution of acquisitions already completed in 2022, net of divestitures completed to date, but excludes any impact from additional acquisitions not yet completed, refinancing opportunities and any potential redeployment of capital. Implicit in forward-looking information in respect of our expectations for 2022 are certain current assumptions, including, among others, no changes to the current economic environment, including fuel and commodities. The updated 2022 guidance assumes GFL will continue to execute on its strategy of organically growing our business, leverage our scalable network to attract and retain customers across multiple service lines, realize operational efficiencies, and extract procurement and cost synergies.

For earnings history and earnings-related data on GFL Environmental (GFL) click here.

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