Welcome to our dedicated page for Gerdau S.A. news (Ticker: GGB), a resource for investors and traders seeking the latest updates and insights on Gerdau S.A. stock.
Gerdau S.A. (symbol: GGB) is the largest producer of long steel in the Americas, operating numerous steel mills across Brazil, Argentina, Canada, Colombia, Dominican Republic, Mexico, Peru, United States, Uruguay, and Venezuela. Gerdau produces steel and steel products, serving a diverse range of industries including civil construction, agriculture, automotive, and home steel products.
The company's offerings include nails, rebar, columns, billets, slabs, tribar tutors, mechanical construction bars, and reinforced steel locks. These products are essential in various applications, ensuring the company's prominence in the steel production sector.
Gerdau’s operations are segmented geographically into Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. The majority of the company's revenue is derived from its North America Operations segment.
In terms of recent achievements, Gerdau has filed its Form 20-F for the fiscal year ending December 31, 2023. This form is available through the U.S. Securities and Exchange Commission (SEC) and the Securities and Exchange Commission of Brazil (CVM), and it can also be accessed on the company's Investor Relations website. Shareholders can request a free copy of this document by contacting the IR team via email.
With a strong presence in the steel industry, Gerdau continues to invest in research and development to innovate and maintain its competitive edge. The company's robust portfolio and strategic geographical presence ensure its significance in the global steel market.
Gerdau S.A. (NYSE: GGB) reported strong financial results for Q4 2024, with adjusted EBITDA reaching R$ 2.4 billion, marking a 17.2% increase compared to Q4 2023. The company's CAPEX investments totaled R$ 2.4 billion in Q4 2024 and R$ 6.2 billion for the full year 2024, with plans to invest R$ 6 billion in maintenance and competitiveness projects in 2025.
The company announced a dividend distribution of R$ 0.10 per share, amounting to R$ 203.4 million for Q4 2024. Throughout 2024, Gerdau returned R$ 2.9 billion to shareholders through dividends and share buybacks, achieving a 65.9% return. Additionally, the company completed its 2024 share buyback program and approved a new 12-month program to repurchase up to 64.5 million shares.
Gerdau S.A. reported strong financial results for Q3 2024, with adjusted EBITDA reaching R$ 3.0 billion, marking a 14.9% increase from Q2 2024. The company invested R$ 1.5 billion in CAPEX, allocating R$ 589 million to maintenance and R$ 920 million to business competitiveness initiatives. Shareholders will receive a dividend of R$ 0.30 per share, totaling R$ 619.4 million. The company's share buyback program has repurchased 39.6 million shares worth R$ 729.4 million by October 2024.
Gerdau S.A. (GGB) reported its 2Q24 financial results, highlighting a 6.7% decrease in Adjusted EBITDA to R$ 2.6 billion compared to 1Q24. The company invested R$ 1.4 billion in CAPEX, evenly split between Maintenance and Business Divisions Competitiveness. Gerdau announced a dividend distribution of R$ 0.12 per share, totaling R$ 252 million. Additionally, the company approved a new share buyback program for up to 69.8 million shares of Gerdau S.A., with a 12-month duration. The 2Q24 results and Valuation Guide are available on Gerdau's website for investors and analysts.
GERDAU S.A. reported strong financial performance in 1Q24 with Adjusted EBITDA of R$2.8 billion, a 38.0% increase from 4Q23, and Adjusted Net Income of R$1.2 billion, up by 70.1%. The company also announced a dividend distribution of R$0.28 per share and a bonus share issuance. Gerdau earned the top reputation in Brazil's industry ranking and achieved a record-low accident frequency rate of 0.47, showcasing commitment to safety.
Gerdau S.A. (NYSE: GGB, B3: GGBR3, GGBR4) filed its Form 20-F for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission (SEC) and the Brazilian Securities and Exchange Commission (CVM). The filing is accessible on the Company's Investor Relations website. Shareholders can obtain a free copy of the Form 20-F by contacting the IR team via email or phone. This filing is critical for compliance with regulatory requirements and provides detailed financial and operational information on Gerdau's performance.
Gerdau S.A. reported strong financial results for 4Q22, with adjusted EBITDA reaching R$ 21.5 billion and a margin of 26.1% for the year. Notably, the North America Business Operation contributed R$ 10.6 billion to EBITDA, achieving a 32.0% margin, both historical highs. The company declared a record R$ 6.1 billion in dividends for 2022, equating to R$ 3.63 per share. Additionally, Gerdau's steel production operation in Peru received B Corporation certification, enhancing its sustainable business credentials. The earnings report is accessible via Gerdau's website.
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