GFL Environmental Inc. ( GFL:CA ) Q3 2025 Earnings Call November 6, 2025 8:30 AM EST Company Participants Patrick Dovigi - Founder, Chairman, President & CEO Luke Pelosi - Executive VP & CFO Conference Call Participants Sabahat Khan - RBC Capital Markets, Research Division Kevin Chiang - CIBC Capital Markets, Research Division Stephanie Benjamin Moore - Jefferies LLC, Research Division Trevor Romeo - William Blair & Company L.L.C., Research Division Shlomo Rosenbaum - Stifel, Nicolaus & Company, Incorporated, Research Division Konark Gupta - Scotiabank Global Banking and Markets, Research Division Bryan Burgmeier - Citigroup Inc., Research Division James Schumm - TD Cowen, Research Division Michael Doumet - National Bank Financial, Inc., Research Division Tobey Sommer - Truist Securities, Inc., Research Division Chris Murray - ATB Capital Markets Inc., Research Division William Grippin - Barclays Bank PLC, Research Division Presentation Operator Hello, everyone.

GFL Environmental Inc. (GFL) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.24 per share a year ago.

Revenue, Adjusted EBITDA1 and Adjusted Free Cash Flow1 once again all ahead of expectations Adjusted EBITDA margin1 of 31.6%, highest in Company's history and 90 basis points increase over the prior year period2 7.3% organic price and volume growth with pricing accelerating sequentially by 50 basis points to  6.3% Fourth consecutive quarter of positive volume despite ongoing macroeconomic headwinds Adjusted EBITDA1 of $535.1 million, increase of 12.0% 2 ; Adjusted Net Income from continuing operations1 of $83.9 million; Net income from continuing operations of $108.1 million Year-to-date completed acquisitions generating approximately $205.0 million in annualized revenue Year-to-date completed $2.76 billion of share repurchases, representing over 10% of issued and outstanding subordinate voting shares Raising full year 2025 revenue and Adjusted EBITDA3 guidance for the second time this year VAUGHAN, ON , Nov. 5, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL", "we" or "our") today announced its results for the third quarter of 2025. "Once again, the dedication of our over 15,000 employees delivered better than expected results across all of our key financial metrics," said Patrick Dovigi, Founder and Chief Executive Officer of GFL.