Quarterly ResultMay 1, 2026, 05:02 PM
GFL Environmental Q1 Revenue $1.64B; Net Loss $(215.7)M
AI Summary
GFL Environmental Inc. reported a net loss of $(215.7) million for the three months ended March 31, 2026, a significant decline from a net income of $3,409.6 million in the prior year, primarily due to the absence of income from discontinued operations. Revenue from continuing operations increased by 5.36% to $1,643.8 million. The company also saw a substantial increase in long-term debt to $9,375.1 million and acquired three businesses for $85.9 million.
Key Highlights
- Net loss attributable to GFL Environmental Inc. was $(215.7) million for Q1 2026, compared to net income of $3,409.6 million in Q1 2025.
- Revenue increased by 5.36% to $1,643.8 million in Q1 2026 from $1,560.1 million in Q1 2025.
- Basic and diluted loss per share from total operations was $(0.63) in Q1 2026, down from income of $8.67 in Q1 2025.
- Long-term debt increased to $9,375.1 million as of March 31, 2026, from $7,422.6 million at December 31, 2025.
- Cash at the end of the period was $1,436.2 million, up from $537.2 million in the prior year.
- GFL acquired 3 businesses for a total consideration of $85.9 million, including $80.1 million in cash.
- Interest and other finance costs decreased to $139.6 million in Q1 2026 from $210.4 million in Q1 2025.
- Repurchased subordinate voting shares for $(57.0) million in Q1 2026, significantly less than $(2,134.6) million in Q1 2025.