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GF GREEN FOR LIFE environmental GFL Environmental Reports Third Quarter 2021 Results and Raises Full Year 2021 Guidance Revenue of $ 1,485.1 million , increase of 43.3 % Adjusted EBITDA¹ of $ 415.8 million , increase of 47.9 % ; Net loss of $ 245.2 million ; Adjusted Net Income¹ of $ 80.5 million Adjusted EBITDA margin¹ of 28.0 % , increase of 90 basis points ; Solid Waste Adjusted EBITDA margin¹ of 31.7 % , increase of 110 basis points Adjusted Cash Flows from Operating Activities of $ 283.9 million ; cash flows from operating activities of $ 223.9 million ; Adjusted Free Cash Flow¹ of $ 250.4 million Adjusted earnings per share¹ of $ 0.22 ; Loss per share of $ ( 0.71 ) Year - to - date completed acquisitions of approximately $ 735 million in annualized revenue VAUGHAN , ON , November 3 , 2021 GFL Environmental Inc. ( NYSE : GFL ) ( TSX : GFL ) ( “ GFL " , " we " or " our " ) , a leading North American diversified environmental services company , today announced its results for the third quarter of 2021 . " Our employees continued to deliver exceptional results in the third quarter , allowing us to once again exceed our expectations , " said Patrick Dovigi , Founder and Chief Executive Officer of GFL . " This quarter we grew revenue by 43.3 % , driven by strong organic growth ahead of expectations and continued outperformance from recent acquisitions . We also expanded Adjusted EBITDA margin¹ by 90 basis points during the quarter , demonstrating the ability to successfully counteract increased inflationary cost pressures through proactive price increases and ongoing efficiency initiatives . We achieved these results in the face of continued COVID - 19 restrictions in many of our Canadian markets , where we generate almost 40 % of our revenue . " Mr. Dovigi added , " We remain focused on executing on our strategy to create long - term value for all of our stakeholders with the goal of growing our free cash flow . Year - to - date , we completed 37 acquisitions , including the acquisitions of Terrapure Environmental Ltd. and Peoria Disposal Company , further reinforcing our reputation as an acquirer of choice . We also completed several financing initiatives to further reduce our cost of capital , including an amendment to our revolving credit facility , resulting in additional annualized cash interest savings , and an equity commitment of up to US $ 300.0 million from affiliates of HPS Investment Partners , LLC . Finally , we received an additional US $ 74.2 million , US $ 126.4 million year to - date , from the sale of non - core solid waste assets , the proceeds of which we are actively redeploying into organic and inorganic initiatives in our key growth markets . " Mr. Dovigi continued , “ We continue to see upside opportunities ahead of us this year , as a result of our organic initiatives , and the robust M & A pipeline that we manage . Based on our performance to date and our proven ability to deliver on our growth strategies , we are once again increasing our 2021 full year guidance for revenue , Adjusted EBITDA¹ and Adjusted Free Cash Flow ' . Furthermore , excluding acquisitions we expect to complete prior to year - end , we are positioned to have nearly 8.5 % of roll over revenue contribution from M & A heading into 2022. " " We remain committed to our sustainability initiatives and continue to evaluate opportunities to unlock what we believe is significant value through landfill gas to energy projects at our MSW landfills and acceleration of the conversion of our fleet to CNG , " added Mr. Dovigi . " On October 1 , 2021 , we expanded on these initiatives with the addition of landfill assets as part of our acquisition of Peoria Disposal Company . " GFL also announced today that Jessica McDonald will be joining the Board of Directors in February 2022 . 1