Gerdau S.A. - GGB STOCK NEWS

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.

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.

Gerdau S.A. announced that it has filed its Form 20-F for the fiscal year ending December 31, 2021, with the U.S. SEC and the Brazilian CVM. This document is available on the company's Investor Relations website. Shareholders can request a free copy of the Form 20-F via email or phone. This filing is crucial for compliance with regulatory requirements and provides transparency about the company's financial status.

Gerdau S.A. (NYSE: GGB) reported its best annual financial performance in 2021, achieving an adjusted EBITDA of R$23.2 billion and a net income of R$13.9 billion. The company allocated a record R$5.4 billion in dividends, translating to R$3.14 per share. Adjusted EBITDA for North America reached R$2.2 billion with a margin of 27.4%. Additionally, Gerdau's net debt to adjusted EBITDA ratio improved significantly to 0.30x. The company also set an ambitious greenhouse gas emissions reduction target for 2031.

Gerdau S.A. has announced the final results of its cash Tender Offer to purchase up to $500 million of outstanding bonds, including the 4.750% Bonds due 2023, 5.893% Bonds due 2024, and 4.875% Bonds due 2027. The Tender Offer concluded on December 3, 2021, with cash payments for validly tendered and accepted bonds set for December 7, 2021. The Offerors accepted specific amounts of each bond series and provided detailed tender offer consideration amounts based on current treasury yields. This strategic move aims to optimize Gerdau's capital structure while managing debt obligations effectively.

Gerdau S.A. announced results from the early tender period of its cash tender offer, allowing up to $500 million in purchases of specific outstanding bonds. The bonds include the 4.750% Bonds due 2023, 5.893% Bonds due 2024, and 4.875% Bonds due 2027. As of the early tender date, valid tenders included $89.726 million of the 2023 Bonds, $152.717 million of the 2024 Bonds, and $146.795 million of the 2027 Bonds. The total consideration for eligible bondholders also includes accrued interest, with cash payments set for November 22, 2021.

On November 4, 2021, Gerdau S.A. announced a cash tender offer for up to $500 million in bonds, including 4.750% Bonds due 2023, 5.893% Bonds due 2024, and 4.875% Bonds due 2027. The offer aims to manage liabilities, with early tender payment incentives. The bonds will be accepted based on priority levels, with the deadline for early tendering set for November 18, 2021. This strategic move reflects Gerdau's focus on optimizing its capital structure and improving financial flexibility.

Gerdau S.A. (NYSE: GGB) reported a record consolidated EBITDA of R$ 7 billion for 3Q21, representing a margin of 32.9%. The company's net debt/EBITDA ratio significantly improved from 2.07x in 3Q20 to 0.41x in 3Q21. In addition, Gerdau launched the "Reforma Que Transforma" program, investing R$ 40 million to enhance over 13,000 housing units in Brazil over the next decade, targeting low-income housing. The complete 3Q21 results can be accessed on Gerdau's website.

Gerdau Graphene has appointed Dr. Nurul Alam as its new European CTO, leading its research center at the Graphene Engineering Innovation Centre in Manchester. This leadership change is seen as a significant step toward enhancing the company's capabilities in developing graphene-based products, particularly in polymers. Gerdau Graphene, part of Gerdau's diversification strategy, aims to advance the commercialization of graphene applications globally. The company is committed to leveraging advanced materials to create innovative products across various sectors, thereby increasing its market footprint.