GFL Environmental Reports Third Quarter 2026 Results and Raises Full Year 2026 Guidance
GFL Environmental delivered a strong Q3 2026 with revenue of $2,155.3 million, up 27.2% year-over-year, and Adjusted EBITDA of $678.7 million, up 26.8%, led by 7.4% organic growth. The company raised full-year 2026 guidance for the third time this year, now expecting revenue of $8,055M-$8,075M and Adjusted Free Cash Flow of roughly $1,020M, helped by acquisitions generating about $2 billion in annualized revenue including SECURE Waste Infrastructure. A Special Committee of independent directors is reviewing unsolicited take-private proposals and set a November 9, 2026 final deadline for updated bids.
Key figures
- Guidance
- FY26 revenue ~$8,055M-$8,075M (prior $7,510M-$7,530M); Adjusted EBITDA ~$2,490M-$2,495M (prior ~$2,290M); Adjusted Free Cash Flow ~$1,020M (prior ~$900M)
- Revenue Yoy
- 27.2%
- Adjusted fcf
- 272500000
- Net leverage
- 3.8x
- Adjusted ebitda
- 678700000
- Ytd revenue yoy
- 16.6%
- Adjusted ebitda yoy
- 26.8%
- Adjusted net income
- 100100000
- Fcf conversion target
- mid 40% range
- Adjusted ebitda margin
- 31.5%
- Organic revenue growth
- 7.4%
- Annualized acquired revenue
- $2 billion
AI analysis
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