Strong Financial Performance
GFL reported consolidated revenue for the quarter of $1.98.6 billion, ahead of guidance, with fourth quarter solid waste organic growth accelerating to 7%. Adjusted EBITDA margins were 29.1%, 300 basis points higher than the prior year.
Margin Expansion and Guidance
For the second consecutive quarter, GFL saw 300 basis points of margin expansion. The company is guiding industry-leading organic growth across all financial metrics in 2025, with expectations of 100 basis points of adjusted EBITDA margin expansion.
Strategic Initiatives
The sale of the ES business is expected to close on March 1, providing GFL with an enhanced balance sheet and capital deployment options. The company plans to use proceeds to repay $3.75 billion of long-term debt and pursue share buybacks.
M&A Activity and Growth Investments
GFL closed 11 transactions in 2024 and plans to deploy $325 million of incremental growth capital in 2025. The company maintains a robust M&A pipeline and expects to re-ignite its M&A strategies.