GERDAU S.A. - CONSOLIDATED INFORMATION
In its 1Q22 report, Gerdau S.A. recorded the highest adjusted EBITDA for a first quarter at R$ 5.8 billion, achieving an EBITDA margin of 28.7%. The North America Business Operation also set records, with adjusted EBITDA reaching R$ 2.7 billion and a margin of 33%.
Furthermore, the company's indebtedness improved significantly, with the net debt to EBITDA ratio declining from 0.96x to 0.20x year-over-year. Gerdau also recognized suppliers for their diversity and inclusion efforts through its Inspire Gerdau program.
- Record adjusted EBITDA of R$ 5.8 billion for 1Q22.
- Adjusted EBITDA margin at 28.7%, indicating strong profitability.
- North America Business Operation achieved historic EBITDA of R$ 2.7 billion with a margin of 33%.
- Significant reduction in indebtedness, with net debt to EBITDA ratio dropping to 0.20x.
- None.
SÃO PAULO, May 5, 2022 /PRNewswire/ --
1Q22 Highlights
Best adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for a first quarter, reaching R
Adjusted EBITDA from the North America Business Operation reaches R
Indebtedness level reaches its lowest historical level, with the ratio between net debt and adjusted EBITDA decreasing from 0.96x to 0.20x compared to the first quarter of 2021.
Gerdau, through the Inspire Gerdau program, recognized, for the first time, 18 companies from its chain of suppliers that stand out for consolidating diversity and inclusion initiatives. Created in 2020, the initiative aims to mobilize and encourage the company's supply chain to consolidate best practices in diversity and inclusion.
Additional Information
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filing today its 1Q22 results at the Securities and Exchange Commission (SEC) and at the Comissão de Valores Mobiliários (CVM), which are available at Gerdau's website. To access this document, please click on https://ri.gerdau.com/en/notices-and-results/results-center/.
The 1Q22 Valuation Guide is also available at Gerdau's website.
https://ri.gerdau.com/en/financial-information/valuation-guide/
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SOURCE Gerdau S.A.
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