GFL Environmental (TSE:GFL) Full Year 2024 Results

Key Financial Results

• Revenue: CA$7.86b (up 4.6% from FY 2023).
• Net loss: CA$722.7m (down from CA$45.4m profit in FY 2023).
• CA$1.90 loss per share (down from CA$0.13 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GFL Environmental EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 44%.

The primary driver behind last 12 months revenue was the Solid Waste - USA segment contributing a total revenue of CA$4.20b (53% of total revenue). Notably, cost of sales worth CA$6.37b amounted to 81% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CA$1.24b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how GFL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Commercial Services industry in Canada.

Performance of the Canadian Commercial Services industry.

The company's shares are down 5.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of GFL Environmental's balance sheet and an in-depth analysis of the company's financial position.

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