Q: Hi Team,
Thoughts on GFLS quarter and which company do you think will have greater earnings growth over the next 10 years?
Thanks,
Thoughts on GFLS quarter and which company do you think will have greater earnings growth over the next 10 years?
Thanks,
5i Research Answer:
GFL reported a revenue of $1.68 billion, a 9.5% growth compared to the same quarter last year, beating consensus estimates of $1.67B. GFL reported an organic price and volume growth of 8.3%, a slight acceleration over the previous quarter. GFL also raised the full-year adjusted EBITDA guidance to be in the range of $1.95B to $1.975B. It has repurchased shares aggressively year-to-date, buying back around 9.5% of total shares outstanding. Overall, very solid results.
We think both names can likely show similar growth, though GFL may have a better growth profile going forward due to its smaller size, more aggressive M&A activities, and higher leverage profile.