GFL Environmental Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022 at 09:15 pm
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GFL Environmental Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 1,707.5 million compared to CAD 1,216.1 million a year ago. Net income was CAD 64.3 million compared to CAD 62.5 million a year ago. Basic earnings per share from continuing operations was CAD 0.17 compared to CAD 0.12 a year ago. Diluted earnings per share from continuing operations was CAD 0.17 compared to CAD 0.12 a year ago. Basic earnings per share was CAD 0.12 compared to CAD 0.14 a year ago. Diluted earnings per share was CAD 0.12 compared to CAD 0.14 a year ago.
For the six months, sales was CAD 3,108.9 million compared to CAD 2,315.7 million a year ago. Net income was CAD 91.7 million compared to net loss of CAD 219.5 million a year ago. Basic earnings per share from continuing operations was CAD 0.5 compared to basic loss per share from continuing operations of CAD 0.71 a year ago. Diluted earnings per share from continuing operations was CAD 0.5 compared to diluted loss per share from continuing operations of CAD 0.71 a year ago. Basic earnings per share was CAD 0.14 compared to basic loss per share of CAD 0.68 a year ago. Diluted earnings per share was CAD 0.14 compared to diluted loss per share of CAD 0.68 a year ago.
GFL Environmental Inc. is a Canada-based diversified environmental services company. The Company is engaged in providing non-hazardous solid waste management, infrastructure and soil remediation services and liquid waste management services. Its segments include Solid waste, which includes landfill, material recovery facilities, and Environmental Services, which includes liquid waste management and soil remediation services. Its service range includes residential waste collection, commercial waste collection, industrial cleaning services, dumpster rental services, liquid and hazardous waste and soil remediation services. It offers commercial, institutional, and industrial customers a range of environmentally hazardous waste handling services from onsite packaging, container supply, and transportation, to licensed disposal or recycling. It owns, operates, and manages solid and liquid waste disposal, transfer and recycling facilities across North America.