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Gerdau S.A. - GGB STOCK NEWS

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.

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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.

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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.

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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.

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GERDAU S.A. has filed its Form 20-F for the fiscal year ended December 31, 2023 with the SEC and CVM, providing shareholders access to important financial information.
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Gerdau S.A. reports strong financial results for 3Q23, with an adjusted EBITDA of R$3.3 billion and a free cash flow of R$2.2 billion. The company plans to invest R$11.9 billion in strategic CAPEX from 2021 to 2026, expecting to generate annual EBITDA of approximately R$4.0 billion by 2031.
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Gerdau plans to invest BRL 3.2 billion in a new sustainable mining platform in Minas Gerais. In 2Q23, the company achieved an adjusted EBITDA of R$ 3.8 billion, with a margin of 20.8%. The North America Business Operation contributed R$ 1.8 billion to the adjusted EBITDA, with a margin of 26.1%. Free cash flow reached R$ 784 million.
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Gerdau S.A. reports 1Q23 highlights, including adjusted EBITDA of R$4.3 billion and free cash flow of R$2.7 billion. The North America Business Operation achieved an adjusted EBITDA of R$2.4 billion. Gerdau has implemented the dry stacking method for tailings disposal in Minas Gerais.
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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.

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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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Plant Prefab has secured $42 million in Series C funding, led by Gerdau Next Ventures with contributions from Asahi Kasei and others, to expand its capacity and support the first sustainable, automated factory in the U.S. The Arvin Hub aims to produce over 900,000 square feet of housing annually, addressing a national housing shortage of 4 million homes. As of August 2022, Plant Prefab's backlog was over $85 million, with prospective business exceeding $660 million, marking significant year-over-year growth.

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FAQ

What is the current stock price of Gerdau S.A. (GGB)?

The current stock price of Gerdau S.A. (GGB) is $3.47 as of November 20, 2024.

What is the market cap of Gerdau S.A. (GGB)?

The market cap of Gerdau S.A. (GGB) is approximately 7.2B.

What is Gerdau S.A. known for?

Gerdau S.A. is known for being the largest producer of long steel in the Americas.

Where are Gerdau’s steel mills located?

Gerdau's steel mills are located in Brazil, Argentina, Canada, Colombia, Dominican Republic, Mexico, Peru, United States, Uruguay, and Venezuela.

What industries does Gerdau serve?

Gerdau serves industries including civil construction, agriculture, automotive, and home steel products.

What products does Gerdau offer?

Gerdau offers products such as nails, rebar, columns, billets, slabs, tribar tutors, mechanical construction bars, and reinforced steel locks.

Which geographical segment brings Gerdau the most revenue?

The majority of Gerdau's revenue is from the North America Operations segment.

Where can shareholders find Gerdau’s Form 20-F?

Shareholders can find Gerdau’s Form 20-F on the SEC website, CVM website, and on the company's Investor Relations website.

How can shareholders request a free copy of Gerdau’s Form 20-F?

Shareholders can request a free copy by sending an email to the IR team at inform@gerdau.com.br.

Does Gerdau invest in research and development?

Yes, Gerdau invests in research and development to innovate and maintain its competitive edge.

What is Gerdau's significance in the global market?

Gerdau is a significant player in the global steel market due to its robust portfolio and strategic geographical presence.

Where can I find the latest news about Gerdau?

The latest news about Gerdau can be found on their Investor Relations website and financial news platforms.

Gerdau S.A.

NYSE:GGB

GGB Rankings

GGB Stock Data

7.17B
2.10B
0%
24.65%
0.25%
Steel
Basic Materials
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United States of America
São Paulo