Gerdau S.A. - Consolidated Information

Rhea-AI Summary

Gerdau S.A. reported strong 2Q20 results, with Adjusted EBITDA increasing by 12% to R$ 1.3 billion compared to 1Q20. The company's free cash flow reached R$ 205 million, and long steel shipments grew by 10% in the same period. Gerdau also launched the Integrated Report 2019 and introduced Gerdau Next, a new business initiative.

The company has submitted its 2Q20 results to the SEC and CVM, accessible via its website.

Positive

• Adjusted EBITDA rose 12% to R$ 1.3 billion.
• Free cash flow reached R$ 205 million.
• Long steel shipments increased by 10% compared to 1Q20.
• Launch of Gerdau Next to explore new business opportunities.

Negative

• None.

SÃO PAULO, Aug. 5, 2020 /PRNewswire/ -- 

2Q20 Highlights

Adjusted EBITDA totaled R$ 1.3 billion, an increase of 12% in the 2Q20 compared to the 1Q20.

Free cash flow reached R$ 205 million in the 2Q20.

Gerdau long steel shipments grew 10% in the 2Q20 compared to the 1Q20.

Gerdau launched the Integrated Report 2019 presenting the Company's Materiality Matrix and using the GRI standard.

The creation of Gerdau Next, focused on new business, complementing the steel chain.

Additional Information

Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filling today its 2Q20 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 2Q20 Valuation Guide is also available at Gerdau's website
https://ri.gerdau.com/en/financial-information/valuation-guide/ 

View original content:http://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-301106688.html

SOURCE Gerdau S.A.

FAQ

What were Gerdau's 2Q20 financial results?

Gerdau reported an Adjusted EBITDA of R$ 1.3 billion, a 12% increase from 1Q20.

How much free cash flow did Gerdau generate in 2Q20?

Gerdau generated R$ 205 million in free cash flow during 2Q20.

What is Gerdau Next and when was it launched?

Gerdau Next is a new initiative focused on expanding business opportunities, launched in 2Q20.

How much did Gerdau's long steel shipments increase in 2Q20?

Long steel shipments grew 10% in 2Q20 compared to the previous quarter.

Where can I find Gerdau's 2Q20 results?

Gerdau's 2Q20 results are available on their official website and have been submitted to the SEC.