FINWIRES · TerminalLIVE
FINWIRES

GFL Environmental Up 4.1% After Hours as It Swings to a Q1 Adjusted Profit

By

-- GFL Environmental (GFL.TO) rose 4.1% in after-hours New York trading after it reported a swing to an adjusted profit for its first quarter as revenue advanced, the company said after close on Wednesday.

The waste-management company, which is proposing to acquire Secure Waste Infrastructure (SES.TO), reported adjusted profit, which excludes most one-time items, of $29.5 million, or $0.08 per share, beating the consensus analyst estimate of $0.07 per share, according to FactSet. GFL reported an adjusted net loss of $34.5 million, or $0.09 per share, in the prior year period.

Quarterly revenue rose 5.4% to $1.64 billion over the same period, slightly above the $1.63 billion forecast.

GFL also updated its 2026 guidance to reflect the impact of acquisitions completed through April 1. Revenue is now estimated to between $320 million to $340 million higher, ranging between $7.32 billion to $7.34 billion.

Adjusted EBITDA is now expected to be $90 million higher, to $2.23 billion.

"Our increased guidance does not include any upside from our proposed acquisition of SECURE Waste, which we expect to close in the latter half of the year. We believe the acquisition of SECURE represents a unique opportunity for us to acquire a leading waste management provider in Western Canada, with a highly complementary network of hard to replicate permitted waste processing and disposal assets. The transaction reinforces our goal of creating long-term equity value for our shareholders and is expected to meaningfully accelerate the achievement of the multi-year financial targets we outlined at our 2025 Investor Day, significantly benefiting both GFL and SECURE shareholders," said chief executive Patrick Dovigi.

GFL shares were last seen up US$1.66 to US$42.00 after-hours. They closed up $0.33 to $55.21 on the Toronto Stock Exchange.

Related Articles

Research

Research Alert: Canadian Pacific Prints Q1 Beat, 2026 Guidance Reiterated

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CP reported Q1 adjusted EPS of $1.04, beating consensus by $0.26. Total revenues declined 2% to $3.7B despite 2% RTM growth, as pricing pressure drove freight revenue per RTM down 4%. Operating income decreased 4% to $1.3B, and the operating ratio expanded 70 bps to 66.0%, reflecting continued KCS integration costs, including $91M in purchase accounting amortization. The company's 20,000-mile transcontinental network provides competitive advantages despite near-term volume constraints from broader economic conditions.Operationally, CP demonstrated improved network fluidity: average train speed increased 4% to 19.9 mph, terminal dwell improved 8% to 9.5 hours, and locomotive productivity advanced 5%. Business line performance was mixed. Grain revenues advanced 11% to $871M on robust Canadian production, while industrial segments faced headwinds reflecting market softness: energy, chemicals, and plastics declined 8% to $700M, and coal fell 12% to $226M.

$CP
Research

Research Alert: Mgm Q1 2026: Company Posts Strong Top-line Growth But Profitability Falls

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MGM posted mixed Q1 results. Revenues were $4.5B (+4% Y/Y), but adjusted EPS declined 29% to $0.49, $0.04 below consensus, and consolidated adjusted EBITDA fell 9% to $580M. The Las Vegas Strip posted its first Y/Y growth in over a year at 0.2% to $2.2B, though adjusted EBITDAR declined 8% to $749M. Meanwhile, MGM China revenues increased 9% to $1.1B, but its EBITDAR fell 4% to $273M due to higher intercompany fees. BetMGM achieved a milestone, reporting $7.4M in operating income versus a $15.2M loss in the prior year. Management noted that monthly revenues strengthened into March and highlighted solid convention bookings and the new all-inclusive promotion as positive drivers for Q2. MGM completed the Northfield Park sale for $546M in April. The company also repurchased $90M of shares in Q1, with $1.5B remaining under authorization. We are not surprised by the muted market reaction as the profitability miss was offset by the company's low valuation at 8.5x NTM consensus EBITDA estimates.

$MGM
Research

Research Alert: Tyl Posts Q1 Beats As Saas Revenues Accelerate

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TYL reported Q1 non-GAAP EPS of $3.09 (+11.2% Y/Y), beating consensus by $0.08, while total revenue of $613.5M grew 8.6% Y/Y, exceeding expectations by $4.4M. Subscription revenue of $429.8M rose 14.6% Y/Y, with exceptional SaaS growth of 23.5% reaching $222.4M, reflecting accelerating public sector demand momentum. We view the strong SaaS performance and expanding recurring revenue mix (87.8% of total) as supportive of the investment thesis. Operating margins expanded to 27.2% from 26.8% prior year, due to favorable revenue mix and cloud efficiencies. FCF more than doubled to $102.8M (16.8% margin vs. 8.5% prior year), demonstrating strong operational leverage. We believe the significant capital deployment, including $250M Q1 share buybacks and $600M debt repayment, underscores management's confidence in the business trajectory. Management raised 2026 guidance to $2.535B-2.575B revenue (from $2.50B-2.55B) and EPS of $12.50-12.75 (from $12.40-12.65), both above Street estimates.

$TYL