Gerdau S.A. - Consolidated Information
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Gerdau S.A. (NYSE: GGB) reported a remarkable increase in consolidated EBITDA, reaching R$ 3.1 billion in 4Q20, nearly tripling the previous year's figures. The net debt to EBITDA ratio improved to 1.25x, down from 1.67x at the end of 2019. Additionally, the company generated R$ 2.4 billion in free cash flow during the same quarter. Gerdau remains the sole steel producer listed on Brazil’s Carbon Efficient Index (ICO2) and achieved a B- rating in the CDP Climate Change module.
Positive
- Consolidated EBITDA increased to R$ 3.1 billion in 4Q20, nearly 3 times higher than 4Q19.
- Net debt to EBITDA ratio improved to 1.25x as of December 2020, down from 1.67x in 2019.
- Free Cash Flow for 4Q20 was R$ 2.4 billion.
- Only steel producer in the Carbon Efficient Index (ICO2) in Brazil.
Negative
- None.
Details
News Market Reaction – GGB
The recorded move for GGB in the trading session of this news was +5.92%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SÃO PAULO, Feb. 24, 2021 /PRNewswire/ -- Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) -- The consolidated EBITDA amounted R
The net debt LTM EBITDA ratio decreased to 1.25x in the end of December 2020, from 1.67x in the end of 2019.
Free Cash Flow amounted R
The only steel producer as a component of the Carbon Efficient Index (ICO2) at B3. The Company also reached B- rating at CDP (Carbon Disclosure Project) Climate Change module.
Additional Information
Gerdau S.A. informs that it is filling today its 4Q20 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 4Q20 Valuation Guide is also available at Gerdau's website
https://ri.gerdau.com/en/financial-information/valuation-guide/
View original content:http://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-301234543.html
SOURCE Gerdau S.A.
FAQ
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