GERDAU S.A. - CONSOLIDATED INFORMATION
Gerdau S.A. reported a record adjusted EBITDA of R$ 6.7 billion for 2Q22, with an impressive margin of 29.1%. The North America Business Operation also set a record with an adjusted EBITDA of R$ 2.8 billion and a margin of 33.1%. Notably, the company's indebtedness reached its lowest level, reducing the net debt to adjusted EBITDA ratio from 0.65x to 0.18x year-over-year. This financial performance highlights Gerdau's strength amidst market challenges, reinforcing transparency through adherence to GRI and SASB standards.
- Record adjusted EBITDA of R$ 6.7 billion for 2Q22.
- North America Business Operation achieved historical adjusted EBITDA of R$ 2.8 billion.
- Indebtedness ratio reduced significantly from 0.65x to 0.18x compared to 2Q21.
- None.
SÃO PAULO, Aug. 3, 2022 /PRNewswire/ --
2Q22 Highlights
Best adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for a second 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 0.65x to 0.18x compared to the second quarter of 2021.
Gerdau published its 2021 Annual Report based, for the third time, on the Global Reporting Initiative (GRI) standards, reinforcing its commitment to transparency with its stakeholders. This year, the company also adhered to the Sustainability Accounting Standards Board (SASB) Iron & Steel Producers and Metal & Mining standards.
Additional Information
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filling today its 2Q22 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 2Q22 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.
