GFL Environmental Inc. (NYSE:GFL ) Q2 2025 Earnings Conference Call July 31, 2025 8:30 AM ET Company Participants Luke Pelosi - Executive VP & CFO Patrick Dovigi - Founder, Chairman, President & CEO Conference Call Participants Christopher Allan Murray - ATB Capital Markets Inc., Research Division Henry Stephen Roberts - Truist Securities, Inc., Research Division James Joseph Schumm - TD Cowen, Research Division Jonathan Mark Windham - UBS Investment Bank, Research Division Kevin Chiang - CIBC Capital Markets, Research Division Konark Gupta - Scotiabank Global Banking and Markets, Research Division Michael Doumet - National Bank Financial, Inc., Research Division Patrick Tyler Brown - Raymond James & Associates, Inc., Research Division Sabahat Khan - RBC Capital Markets, Research Division Stephanie Lynn Benjamin Moore - Jefferies LLC, Research Division Tami Zakaria - JPMorgan Chase & Co, Research Division Operator Good morning, everyone. Thank you for attending today's GFL Second Quarter 2025 Earnings Call.

GFL Environmental Inc. (GFL) came out with quarterly earnings of $0.19 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.21 per share a year ago.

Revenue, Adjusted EBITDA1 and Adjusted Free Cash Flow1 all ahead of expectations, overcoming multiple external headwinds 8.3% organic price and volume growth excluding the impact of divestitures2, a 170 basis point acceleration over the previous quarter Adjusted EBITDA1 of $515.1 million, increase of 14.6% 3 ; Adjusted Net Income from continuing operations1 of $101.5 million; Net income from continuing operations of $274.2 million Adjusted EBITDA margin1 of 30.7%, 230 basis points increase over the prior year period3, Solid Waste Adjusted EBITDA margin1 of 34.7% , highest Q2 margin in Company's history Year-to-date completed acquisitions generating approximately $105.0 million in annualized revenue Raised full year 2025 Adjusted EBITDA4 guidance approximately $50.0 million before considering the effect of foreign currency translation VAUGHAN, ON , July 30, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL", "we" or "our") today announced its results for the second quarter of 2025. "Our exceptional start to the year continued into the second quarter, thanks to the hard work and commitment of our over 15,000 employees," said Patrick Dovigi, Founder and Chief Executive Officer of GFL.