GFL Environmental stock faces November 9 take-private bid deadline

Published on 11/03/2026 at 22:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GFL Environmental stock follows higher full-year guidance after a strong third quarter. A special committee is reviewing bids.

GFL raises outlook and reviews bids

Third-quarter revenue rose 27.2 percent to CAD 2,155.3 million, while adjusted EBITDA increased 26.8 percent.
GFL lifted its full-year 2026 revenue, adjusted EBITDA and adjusted free cash flow outlooks for the third time.
A special committee set November 9 as the deadline for updated proposals to take the company private.

GFL, CA36168Q1046, Illustration mit AI erstellt.

GFL Environmental reported stronger-than-expected third-quarter results on October 28, 2026, and raised its full-year outlook for the third time. The company said revenue, adjusted EBITDA and adjusted free cash flow exceeded expectations in the quarter, according to its GFL Environmental investor release.

GFL Environmental stock traded at 41.00 euros on Lang & Schwarz at 22:45 CET on Tuesday, November 3.

Third-quarter growth supports guidance

Revenue reached CAD 2,155.3 million in the third quarter, up 27.2 percent from the prior-year period. Adjusted EBITDA increased 26.8 percent to CAD 678.7 million, while adjusted free cash flow rose to CAD 272.5 million from CAD 180.5 million.

Organic revenue growth was 7.4 percent, including 5.7 percent from core pricing. GFL reported a net loss from continuing operations of CAD 28.0 million, compared with net income of CAD 90.4 million a year earlier. The company also cited underlying adjusted EBITDA margin expansion of more than 115 basis points after excluding merger-and-acquisition and diesel-price effects.

Higher targets and private-market review

GFL now expects 2026 revenue of CAD 8,055 million to CAD 8,075 million, compared with its previous range of CAD 7,510 million to CAD 7,530 million. Adjusted EBITDA guidance rose to CAD 2,490 million to CAD 2,495 million from CAD 2,290 million, while adjusted free cash flow guidance increased to approximately CAD 1,020 million from CAD 900 million.

The company also disclosed that an independent special committee is reviewing unsolicited proposals to take GFL private. Interested parties have until November 9, 2026, to submit updated proposals, after which the committee will determine its next steps. The announcement does not establish that a transaction will be completed.

Investors can follow the broader Canadian market through the S&P/TSX Composite.

More company coverage is available through the real-time quote of GFL Environmental stock.