Earnings release
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GF GREEN FOR LIFE NEWS RELEASE environmental GFL Environmental Reports Second Quarter 2021 Results and Updates Full Year 2021 Guidance 7/28/2021 • Revenue of $ 1,314.3 million , increase of 32.3 % • Adjusted EBITDA1 of $ 353.0 million , increase of 35.0 % ; Net income of $ 25.2 million ; Adjusted Net Income1 of $ 35.4 million • Adjusted EBITDA margin1 of 26.9 % , increase of 60 basis points • Adjusted Cash Flows from Operating Activitie s1 of $ 246.2 million ; cash flows from operating activities of $ 177.5 million ; Adjusted Free Cash Flow1 of $ 159.8 million Adjusted earnings per share1 of $ 0.10 ; Earnings per share of $ 0.03 VAUGHAN , ON , July 28 , 2021 / PRNewswire / - GFL Environmental Inc. ( NYSE : GFL ) ( TSX : GFL ) ( " GFL " or the " Company " ) today announced its results for the second quarter of 2021 . " Our exceptional start to the year continued into the second quarter , allowing us to once again exceed expectations , " ‚ " said Patrick Dovigi , Founder and Chief Executive Officer of GFL . " This quarter we grew revenue by nearly 40 % on a constant currency basis . The revenue growth was driven by the quality of our pricing , with solid waste pricing ahead of plan at 4.1 % , meaningful volume improvements and outperformance from the M & A we completed in 2020. We achieved this in the face of continued COVID - 19 restrictions in many of our markets in Canada where we generate almost 40 % of our revenue . We also expanded Adjusted EBITDA margin1 by 60 basis points during the quarter and more than doubled our Adjusted Free Cash Flow1 . " 1