Gfl environmental reports fourth quarter and full year 2023 results; provides full year 2024 guidance

Fourth quarter 2023 results solid waste price of 7.9%, results in revenue of $1,882.8 million, increase of 9.9% excluding the impact of divestitures; 3.4% including the impact of divestitures adjusted ebitda1 of $492.2 million, increase of 19.1% excluding the impact of divestitures; 11.9% including the impact of divestitures; net loss from continuing operations of $62.1 million; adjusted net income from continuing operations1 of $17.0 million adjusted ebitda margin1 of 26.1%, increase of 200 basis points; solid waste adjusted ebitda margin1 of 30.7%, increase of 250 basis points; environmental services adjusted ebitda margin1 of 24.0%, increase of 180 basis points full year 2023 highlights solid waste price of 9.8%, highest in company history, results in revenue of $7,515.5 million, increase of 15.7% excluding the impact of divestitures; 11.2% including the impact of divestitures adjusted ebitda1 of $2,003.7 million, increase of 21.1% excluding the impact of divestitures; 16.4% including the impact of divestitures; net income from continuing operations of $32.2 million; adjusted net income from continuing operations1 of $358.7 million adjusted ebitda margin1 of 26.7%, increase of 120 basis points; solid waste adjusted ebitda margin1 of 30.8%, increase of 180 basis points; environmental services adjusted ebitda margin1 of 26.2%, increase of 160 basis points adjusted cash flows from operating activities1 of $1,464.4 million; cash flows from operating activities of $980.4 million; adjusted free cash flow1 of $701.2 million adjusted income per share from continuing operations1 of $0.97, loss per share from continuing operations of $(0.13) completed acquisitions generating approximately $355 million 2 in annualized revenue in 2023 full year 2024 guidance3 revenue is estimated to be approximately $8,000 million adjusted ebitda3 is estimated to be approximately $2,215 million adjusted free cash flow3 is estimated to be approximately $800 million guidance does not include contribution from any incremental m&a vaughan, on , feb. 20, 2024 /prnewswire/ - gfl environmental inc. (nyse: gfl) (tsx: gfl) ("gfl", "we" or "our") today announced its results for the fourth quarter and full year 2023, as well as guidance for full year 2024. "our employees delivered another exceptional year of results," said patrick dovigi, founder and chief executive officer of gfl.
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