GERDAU S.A. - CONSOLIDATED INFORMATION
Gerdau S.A. reported its third-quarter 2022 results, achieving an adjusted EBITDA of R$ 5.4 billion and a margin of 25.4%. The North America segment contributed R$ 2.6 billion, marking a historic margin of 32.9%. Net debt has reduced significantly, with the ratio dropping from 0.41x to 0.16x compared to Q3 2021.
Additionally, Gerdau Summit became the first steel company worldwide to receive B Corporation certification, in partnership with Sumitomo Corporation and Japan Steel Works.
- Adjusted EBITDA reached R$ 5.4 billion, with a margin of 25.4%.
- North America segment achieved R$ 2.6 billion in EBITDA, with a margin of 32.9%, both historical records.
- Net debt ratio improved from 0.41x to 0.16x year-over-year.
- Gerdau Summit is the first steel company to be certified as a B Corporation.
- None.
SÃO PAULO, Nov. 9, 2022 /PRNewswire/ --
3Q22 Highlights
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) reaches 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 0.41x to 0.16x compared to the third quarter of 2021.
The Company obtained certification from Gerdau Summit as a B Company. The organization is a joint venture with the Japanese Sumitomo Corporation and Japan Steel Works for the supply of rolling cylinders and parts for wind power generation. As a result, Gerdau Summit is now the first steel industry in the world to become a B Company.
Additional Information
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filling today its 3Q22 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 3Q22 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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