GERDAU S.A. - CONSOLIDATED INFORMATION

Rhea-AI Summary

Gerdau S.A. reported strong financial results for Q3 2024, with adjusted EBITDA reaching R$ 3.0 billion, marking a 14.9% increase from Q2 2024. The company invested R$ 1.5 billion in CAPEX, allocating R$ 589 million to maintenance and R$ 920 million to business competitiveness initiatives. Shareholders will receive a dividend of R$ 0.30 per share, totaling R$ 619.4 million. The company's share buyback program has repurchased 39.6 million shares worth R$ 729.4 million by October 2024.

Positive

• Adjusted EBITDA increased 14.9% quarter-over-quarter to R$ 3.0 billion
• Significant CAPEX investment of R$ 1.5 billion showing commitment to growth
• Dividend distribution of R$ 0.30 per share (R$ 619.4 million total)
• Active share buyback program with R$ 729.4 million in repurchases

Negative

• None.

SÃO PAULO, Nov. 5, 2024 /PRNewswire/ -- 3Q24 Highlights

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 3.0 billion in the third quarter, 14.9% higher compared to 2Q24.

Investments (CAPEX) totaled R$ 1.5 billion in 3Q24, of which R$ 589 million was allocated to Maintenance and R$ 920 million was directed to the Competitiveness of the Business Divisions.

Dividend distribution in the amount of R$ 0.30 per share, equivalent to R$ 619,4 million, to be paid based on 3Q24 results.

Share buyback program of Gerdau S.A., by the end of October 2024, 39.6 million shares were repurchased, equivalent to R$ 729.4 million.

Additional Information

Gerdau S.A. informs that it is filling today its 3Q24 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 3Q24 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-302296997.html

SOURCE Gerdau S.A.

FAQ

What was Gerdau's (GGB) EBITDA in Q3 2024?

Gerdau's adjusted EBITDA in Q3 2024 was R$ 3.0 billion, representing a 14.9% increase compared to Q2 2024.

How much is Gerdau's (GGB) dividend payment for Q3 2024?

Gerdau announced a dividend payment of R$ 0.30 per share, totaling R$ 619.4 million, based on Q3 2024 results.

How much did Gerdau (GGB) spend on share buybacks in 2024?

By the end of October 2024, Gerdau had repurchased 39.6 million shares worth R$ 729.4 million through its share buyback program.

What was Gerdau's (GGB) CAPEX investment in Q3 2024?

Gerdau's total CAPEX in Q3 2024 was R$ 1.5 billion, with R$ 589 million for maintenance and R$ 920 million for business competitiveness.