GERDAU S.A. - CONSOLIDATED INFORMATION

Rhea-AI Summary

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.

Positive

• Strong financial performance in 1Q24 with Adjusted EBITDA of R$2.8 billion, a 38.0% increase from 4Q23.

• Adjusted Net Income of R$1.2 billion in 1Q24, up by 70.1% from 4Q23.

• Dividend distribution of R$0.28 per share announced, totaling R$589 million based on 1Q24 results.

• Bonus share issuance of 1 new share for every 5 shares on April 22nd, 2024.

• Gerdau ranked as the top industry player in Brazil according to the Merco Ranking, and the leader in the 'Mining, Steel, and Metallurgy' category.

• Record-low accident frequency rate of 0.47 achieved, highlighting Gerdau's commitment to safety.

Negative

• None.

Insights

Financial Analyst

The reported increase in Adjusted EBITDA by 38% and a notable 70.1% rise in Adjusted Net Income for Gerdau S.A. indicates a substantial improvement in operational efficiency and profitability. The dividend of R$ 0.28 per share, totaling R$ 589 million, is a significant return to shareholders, reflecting both the company's robust earnings and a commitment to shareholder value. The bonus share distribution furthermore suggests confidence in the company's future performance and reinforces shareholder loyalty. This financial momentum could signal underlying strength in the company's business model and market position, potentially influencing investor sentiment positively.

Market Research Analyst

The recognition of Gerdau as the leader in the 'Mining, Steel and Metallurgy' category in Brazil enhances its market reputation, which can be valuable for branding and attracting investors who are conscious of corporate image. Moreover, the company's achievement in reaching an all-time low accident frequency rate demonstrates its commitment to safety which is increasingly important to socially responsible investors. These factors, while not directly financial, contribute to a positive perception of the company's governance and operational excellence.

SÃO PAULO, May 2, 2024 /PRNewswire/ -- 1Q24 Highlights

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 2.8 billion in the first quarter, up 38.0% over 4Q23.

Adjusted Net Income of R$ 1.2 billion in 1Q24, 70.1% higher than 4Q23.

Dividend distribution in the amount of R$ 0.28 per share, equivalent to R$ 589 million, to be paid based on 1Q24 results.

On April 22nd, 2024, Gerdau's shareholders received, as a bonus, 1 new share for every 5 shares of the same type.

Gerdau has the best reputation among industry players in Brazil, according to the 10th edition of the Merco Ranking, maintaining its position as the only steel producer in the overall ranking and the leader in the "Mining, Steel, and Metallurgy" category.

Accident frequency rate reached an all-time low, 0.47, reinforcing Gerdau's commitment to becoming one of the safest companies in the sector.

Additional Information
Gerdau S.A. informs that it is filling today its 1Q24 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 1Q24 Valuation Guide is also available at Gerdau's website.
https://ri.gerdau.com/en/financial-information/valuation-guide/ 

View original content:https://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-302135224.html

SOURCE Gerdau S.A.

FAQ

What were Gerdau S.A.'s Adjusted EBITDA and Adjusted Net Income in 1Q24?

Adjusted EBITDA was R$2.8 billion, a 38.0% increase from 4Q23, and Adjusted Net Income was R$1.2 billion, up by 70.1%.

When was the dividend distribution announced and how much is it per share?

The dividend distribution was announced in 1Q24 at R$0.28 per share, totaling R$589 million.

What bonus did Gerdau's shareholders receive on April 22nd, 2024?

Shareholders received 1 new share for every 5 shares of the same type as a bonus on April 22nd, 2024.

How did Gerdau rank in the Merco Ranking?

Gerdau ranked as the top industry player in Brazil and the leader in the 'Mining, Steel, and Metallurgy' category according to the Merco Ranking.

What is Gerdau's commitment to safety?

Gerdau achieved a record-low accident frequency rate of 0.47, showcasing its commitment to safety in the sector.