Welcome to our dedicated page for Gerdau S.A. news (Ticker: GGB), a resource for investors and traders seeking the latest updates and insights on Gerdau S.A. stock.
Gerdau S.A. (symbol: GGB) is the largest producer of long steel in the Americas, operating numerous steel mills across Brazil, Argentina, Canada, Colombia, Dominican Republic, Mexico, Peru, United States, Uruguay, and Venezuela. Gerdau produces steel and steel products, serving a diverse range of industries including civil construction, agriculture, automotive, and home steel products.
The company's offerings include nails, rebar, columns, billets, slabs, tribar tutors, mechanical construction bars, and reinforced steel locks. These products are essential in various applications, ensuring the company's prominence in the steel production sector.
Gerdau’s operations are segmented geographically into Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. The majority of the company's revenue is derived from its North America Operations segment.
In terms of recent achievements, Gerdau has filed its Form 20-F for the fiscal year ending December 31, 2023. This form is available through the U.S. Securities and Exchange Commission (SEC) and the Securities and Exchange Commission of Brazil (CVM), and it can also be accessed on the company's Investor Relations website. Shareholders can request a free copy of this document by contacting the IR team via email.
With a strong presence in the steel industry, Gerdau continues to invest in research and development to innovate and maintain its competitive edge. The company's robust portfolio and strategic geographical presence ensure its significance in the global steel market.
Gerdau S.A. (GGB) reported its 2Q24 financial results, highlighting a 6.7% decrease in Adjusted EBITDA to R$ 2.6 billion compared to 1Q24. The company invested R$ 1.4 billion in CAPEX, evenly split between Maintenance and Business Divisions Competitiveness. Gerdau announced a dividend distribution of R$ 0.12 per share, totaling R$ 252 million. Additionally, the company approved a new share buyback program for up to 69.8 million shares of Gerdau S.A., with a 12-month duration. The 2Q24 results and Valuation Guide are available on Gerdau's website for investors and analysts.
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$0.28 per share and a bonus share issuance. Gerdau earned the top reputation in Brazil's industry ranking and achieved a record-low accident frequency rate of 0.47, showcasing commitment to safety.
Gerdau S.A. (NYSE: GGB, B3: GGBR3, GGBR4) filed its Form 20-F for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission (SEC) and the Brazilian Securities and Exchange Commission (CVM). The filing is accessible on the Company's Investor Relations website. Shareholders can obtain a free copy of the Form 20-F by contacting the IR team via email or phone. This filing is critical for compliance with regulatory requirements and provides detailed financial and operational information on Gerdau's performance.
Gerdau S.A. reported strong financial results for 4Q22, with adjusted EBITDA reaching R$ 21.5 billion and a margin of 26.1% for the year. Notably, the North America Business Operation contributed R$ 10.6 billion to EBITDA, achieving a 32.0% margin, both historical highs. The company declared a record R$ 6.1 billion in dividends for 2022, equating to R$ 3.63 per share. Additionally, Gerdau's steel production operation in Peru received B Corporation certification, enhancing its sustainable business credentials. The earnings report is accessible via Gerdau's website.
Plant Prefab has secured $42 million in Series C funding, led by Gerdau Next Ventures with contributions from Asahi Kasei and others, to expand its capacity and support the first sustainable, automated factory in the U.S. The Arvin Hub aims to produce over 900,000 square feet of housing annually, addressing a national housing shortage of 4 million homes. As of August 2022, Plant Prefab's backlog was over $85 million, with prospective business exceeding $660 million, marking significant year-over-year growth.
Gerdau S.A. reported its third-quarter 2022 results, achieving an adjusted EBITDA of R$ 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.
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