GFL Environmental (GFL.TO) was up 1.8% in US after hours Monday after saying its fourth-quarter profit and revenue rose year-over-year.
The waste-management company said it earned $0.22 per share, in the quarter, up from a profit of $0.05 per share in the year-prior quarter. Analysts polled by FactSet expected C$0.22.
Revenue, excluding the impact of divestitures, stood at $1.99 billion, compared with $1.88 billion a year ago. Analysts polled by FactSet expected $1.98 billion.
For 2025, the company expects revenue to be around $8.43 billion, with Environmental Services contributing between $6.50 billion and $6.55 billion. Adjusted earnings before interest, taxes, depreciation, and amortization are projected to be about $2.50 billion, with ES contributing between $1.93 billion and $1.95 billion. The company added the guidance does not include any potential contributions from mergers and acquisitions.
"In January we announced a definitive agreement for the sale of our Environmental Services business at an $8 billion valuation, substantially above our initial expectations. Our equity stake in the business also allows us to participate in the expected continued value creation from these high-quality assets. We are on target to close the transaction effective March 1," Chief Executive Patrick Dovigi said.
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