Gerdau (GGB) Stock News

Gerdau (NYSE: GGB) filed its Form 20-F for the fiscal year ended December 31, 2025, with the U.S. SEC and Brazil CVM on March 13, 2026.

The document is available on the company's investor relations website and shareholders can request a free copy via email to the Investor Relations team.

Gerdau S.A (BM: GGBR3/GGBR4, NYSE: GGB) reported 4Q25 adjusted EBITDA of R$2.4 billion, down 13% versus 3Q25 and flat with 4Q24. North America represented 62% of consolidated EBITDA in 2025. CAPEX was R$1.5 billion in 4Q25 and R$6.1 billion for 2025; the 2026 plan is R$4.7 billion.

The board approved a dividend of R$0.10 per share (R$197.5 million) payable based on March 18, 2026, completed a ~R$1.0 billion 2025 buyback, and authorized a new buyback of up to 56.4 million shares over 18 months.

Gerdau S.A. (BM: GGBR3/GGBR4) reported 3Q25 adjusted EBITDA of R$2.7 billion, up 7% versus 2Q25, with North America contributing 65% of consolidated EBITDA. CAPEX in 3Q25 was R$1.7 billion, 60% aimed at asset competitiveness. The company set 2026 CAPEX guidance at R$4.7 billion, 22% below 2025 forecast. A dividend of R$0.28 per share (R$555.2 million) was declared based on 3Q25 results. The share buyback program is ~88% complete, with ~56.8 million shares repurchased for R$902 million to date and management confirming the plan remains in effect. Gerdau executed a make-whole call on a US$500 million 2030 bond, settlement scheduled for Dec 2, 2025. 3Q25 filings and a valuation guide are available on the company website.

Gerdau S.A. (NYSE: GGB) reported strong Q2 2025 financial results, with adjusted EBITDA reaching R$2.6 billion, marking a 7% increase from Q1 2025. North American operations were particularly robust, contributing 61% of consolidated EBITDA.

The company announced a dividend of R$0.12 per share (R$239.5 million total) and continued its share buyback program, having repurchased 43.8 million shares (68% of the 2025 program) for R$686.1 million. Capital investments (CAPEX) totaled R$1.6 billion, with 80% directed to Brazil. The company also strengthened its financial position through new debt issuances totaling US$650 million in bonds and R$1.4 billion in debentures.

Gerdau S.A. (NYSE: GGB) has announced the completion of its cash tender offer for the 4.875% notes due 2027 issued by Gerdau Trade Inc. The tender offer, which expired on June 9, 2025, resulted in US$237,646,000 of notes being tendered out of the US$418,244,000 outstanding. The consideration offered was US$1,007.83 per US$1,000 principal amount of notes. Following the settlement date, US$180,598,000 in notes will remain outstanding. The settlement is expected to occur on June 12, 2025. An additional US$200,000 in notes were tendered through Guaranteed Delivery Procedures. The offer was managed by BofA Securities, Goldman Sachs, J.P. Morgan Securities, and Morgan Stanley as dealer managers.

Gerdau S.A. (NYSE: GGB) has announced a cash tender offer to purchase any and all outstanding 4.875% Notes due 2027 issued by Gerdau Trade Inc. The tender offer price is set at US$1,007.83 per US$1,000 principal amount of Notes, with US$418,244,000 currently outstanding. The offer expires at 5:00 p.m., New York City time, on June 9, 2025. Holders who validly tender their notes will receive the consideration plus accrued and unpaid interest. Settlement is expected to occur on June 12, 2025. BofA Securities, Goldman Sachs, J.P. Morgan, and Morgan Stanley are acting as dealer managers for the offer.

Gerdau Trade Inc., a subsidiary of Gerdau S.A. (NYSE: GGB), has launched a cash tender offer to purchase any and all of its outstanding 4.875% Notes due 2027, totaling US$418.24 million. The offer expires on June 9, 2025, at 5:00 p.m. NYC time, with settlement expected on June 12, 2025. Holders who tender their notes will receive the Consideration price (determined by reference to U.S. Treasury yields plus a 50 bps spread) and accrued interest. The offer is contingent upon several conditions, including a new debt offering by Gerdau Trade. The company has engaged BofA Securities, Goldman Sachs, J.P. Morgan, and Morgan Stanley as dealer managers for the transaction.

Gerdau reported stable financial performance in Q1 2025 with adjusted EBITDA of R$2.4 billion, maintaining levels from Q4 2024. Strong results from North American operations helped offset weaker performance in Brazil.

Key highlights include:

• R$1.4 billion in CAPEX investments, with 60% focused on asset competitiveness
• Planned R$6.0 billion investment for 2025 maintenance and competitiveness initiatives
• Dividend distribution of R$0.12 per share (R$243.5 million) from Q1 results
• Share buyback of 9.4 million shares, representing 15% of 2025 program

The company launched a new hot-rolled coil mill expansion at Ouro Branco, Minas Gerais, adding 250,000 tonnes capacity for higher value-added steel production in Brazil.

Gerdau S.A. (GGB) has announced the filing of its Form 20-F for the fiscal year ended December 31, 2024, with both the U.S. Securities and Exchange Commission (SEC) and the Brazilian Securities and Exchange Commission (CVM). The annual report is now accessible through multiple channels, including the SEC website, CVM website, and the company's Investor Relations platform.

Shareholders can obtain a complimentary copy of the Form 20-F by reaching out to Gerdau's Investor Relations department via email at inform@gerdau.com.br.