GERDAU S.A. - CONSOLIDATED INFORMATION
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.
Sentiment and the balance of points
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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.
Details
News Market Reaction – GGB
The recorded move for GGB in the trading session of this news was +12.58%.
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SÃO PAULO, Nov. 5, 2024 /PRNewswire/ -- 3Q24 Highlights
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of
Investments (CAPEX) totaled
Dividend distribution in the amount of
Share buyback program of Gerdau S.A., by the end of October 2024, 39.6 million shares were repurchased, equivalent to
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/
FAQ
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