Gfl environmental reports second quarter 2023 results and raises full year 2023 guidance

Net leverage1 of 4.18x, lowest level in company's history; accelerated deleveraging following completion of divestitures for gross proceeds of over $1.6 billion revenue of $1,943.6 million, increase of 13.8% solid waste price of 10.4%, up 310 basis points year-over-year adjusted ebitda1 of $540.7 million, increase of 19.3%; net income from continuing operations of $293.8 million; adjusted net income from continuing operations1 of $196.2 million adjusted ebitda margin1 of 27.8%; solid waste adjusted ebitda margin1 of 31.6%; environmental services adjusted ebitda margin1 of 29.2 % adjusted cash flows from operating activities1 of $295.6 million; cash flows from operating activities of $260.7 million; adjusted free cash flow1 of $8.5 million adjusted earnings per share from continuing operations1 of $0.53; earnings per share from continuing operations of $0.74 year-to-date completed acquisitions generating approximately $48 million 2 in annualized revenue vaughan, on , july 26, 2023 /prnewswire/ - gfl environmental inc. (nyse: gfl) (tsx: gfl) ("gfl", "we" or "our") today announced its results for the second quarter of 2023. "our exceptional start to the year continued into the second quarter, thanks to the hard work and commitment of our over 20,000 employees," said patrick dovigi, founder and chief executive officer of gfl.
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