GFL Environmental Inc. (GFL) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

November 3, 2022 10:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning. My name is [indiscernible] operator this morning. As a reminder, this conference call is being recorded. I would like to welcome everyone to GFL Environmental, Inc.’s Results Call for the Third Quarter of 2022.

I will now turn the call over to Mr. Patrick Dovigi, the CEO of GFL. Please go ahead, Mr. Dovigi.

Patrick Dovigi

Thank you, and good morning. I would like to welcome everyone to today's call, and thank you for joining us. This morning, we will be reviewing our results for the third quarter and updating our guidance for this year. I'm joined this morning by Luke Pelosi, our CFO, who will take us through our forward-looking disclaimer before we get into the details.

Luke Pelosi

Thank you, Patrick, and good morning, everyone. We have filed our earnings press release, which includes important information. The press release is available on our website. We have prepared a presentation to accompany this call that is also available on our website.

During this call, we'll be making some forward-looking statements within the meaning of applicable Canadian and U.S. securities laws, including statements regarding events or developments that we believe or anticipate may occur in the future. These forward-looking statements are subject to a number of risks and uncertainties, including those set out in our filings with the Canadian and U.S. securities regulators. Any forward-looking statement is not a guarantee of future performance, and actual results may differ materially from those expressed or implied in the forward-looking statements. These forward-looking statements speak only as of today's date, and we do not assume any obligation to update these statements, whether as a result of new information, future events and developments or otherwise. This call will include a discussion of certain non-IFRS measures. A reconciliation of these non-IFRS measures can be found in our filings with the Canadian and U.S. securities regulators.

I will now turn the call back over to Patrick.

Patrick Dovigi

Thank you, Luke. The quality of our assets and capabilities of our team were once again highlighted in our third quarter results. The success of our pricing strategies and focus on cost efficiencies continue to drive double-digit growth even with the significant inflationary impacts that have persisted far longer than we originally anticipated. Organic revenue growth was over 15% with double-digit revenue growth in both our segments in the third quarter in a row.