GFL Environmental Reports Fourth Quarter and Full Year 2020 Results; Provides Full Year 2021 Guidance and Financial Outlook Through Full Year 2023
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Fourth Quarter Revenue of $1,235.6 million, increase of 37.8%
Fourth Quarter Adjusted EBITDA
1 of $14.4 million
1 of 30.2%, increase of 240 basis points
Fourth Quarter Adjusted Cash Flow from Operating Activities
1 of $241.7 million; cash flow from operating activities of $163.5 million; Adjusted Free Cash Flow
1 of $124.6 million
Full Year Adjusted EBITDA
1 of $62.2 million
Full Year Adjusted Cash Flow from Operating Activities
1 of $772.3 million; cash flow from operating activities of $502.2 million; Adjusted Free Cash Flow
1 of $360.0 million
Adjusted EBITDA $1,340 million to $1,380 million
GFL
GFL Environmental Inc. (GFL) today announced its results for the fourth quarter and full year 2020.
The Company grew revenue by nearly 38% and credits its strong quarter results to organic growth in its solid waste business, cost control initiatives, and the realized synergies of its acquisitions. Patrick Dovigi, founder and chief executive officer of GFL, said the Company is also eyeing a robust M&A pipeline both tuck-ins and larger opportunities. I am incredibly proud of what our employees have accomplished this year , said Dovigi. Despite the impact of the pandemic on the North American economy, as a group we were able to deliver on our 2020 commitments and produce exceptional financial results.”