GERDAU S.A. - CONSOLIDATED INFORMATION

Rhea-AI Summary

Gerdau (NYSE:GGB) reported Adjusted EBITDA of R$3.0 billion in 1Q26, a 25% increase from 4Q25, with North America contributing 75% of consolidated EBITDA. CAPEX was R$1.1 billion in 1Q26, 27% below 4Q25, aligned with a 2026 guidance of R$4.7 billion.

The board approved a R$0.18 per‑share dividend (R$354.1 million), payable June 9, 2026, and advanced its 2026 share buyback, acquiring 21% of authorized shares. Gerdau inaugurated the Barro Alto Solar Complex (~111 MWm). 1Q26 filings and a valuation guide are available on Gerdau's investor website.

Positive

• Adjusted EBITDA R$3.0B in 1Q26, +25% vs 4Q25
• North America delivered 75% of consolidated EBITDA
• CAPEX R$1.1B in 1Q26, 27% lower than 4Q25
• Dividend R$0.18 per share (R$354.1M) payable June 9, 2026
• Share buyback progressed; 21% of authorized shares acquired
• Barro Alto Solar inaugurated with ~111 MWm installed capacity

Negative

• EBITDA concentration: 75% from North America increases regional exposure
• 2026 CAPEX guidance R$4.7B indicates continued sizeable capital spending

Key Figures

Adjusted EBITDA: R$3.0 billion North America EBITDA share: 75% CAPEX 1Q26: R$1.1 billion +5 more

8 metrics

Adjusted EBITDA R$3.0 billion 1Q26; 25% above 4Q25

North America EBITDA share 75% Portion of consolidated EBITDA in 1Q26

CAPEX 1Q26 R$1.1 billion 27% lower than 4Q25

2026 CAPEX guidance R$4.7 billion Full-year 2026 investment plan

Dividend per share R$0.18 To be paid from June 09, 2026

Total dividend amount R$354.1 million 1Q26 distribution approved

Share buyback execution 21% of authorized shares 2026 Share Buyback Program progress for Gerdau S.A.

Barro Alto Solar capacity ~111 MWm Installed capacity of Barro Alto Solar Complex in Goiás

Market Reality Check

Price: $4.31 Vol: Volume 11,451,255 vs 20-d...

low vol

$4.31 Last Close

Volume Volume 11,451,255 vs 20-day average 19,888,862 (relative volume 0.58x). low

Technical Trading above 200-day MA, with price 4.29 vs MA(200) at 3.55.

Peers on Argus

Momentum scanner flags mixed peer moves: SIM down ~4.05% and NUE up ~4.07%, whil...

1 Up 1 Down

Momentum scanner flags mixed peer moves: SIM down ~4.05% and NUE up ~4.07%, while GGB is up only 0.23%, pointing to stock-specific drivers rather than a unified steel-sector move.

Historical Context

3 past events · Latest: Mar 13 (Neutral)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Mar 13	Annual report filing	Neutral	+1.7%	Form 20-F annual report filed with U.S. and Brazilian regulators.
Feb 23	Quarterly results	Neutral	-2.2%	4Q25 consolidated results with flat EBITDA, dividend and buyback details.
Oct 30	Quarterly results	Positive	+1.2%	3Q25 EBITDA growth, higher North America mix, dividend, CAPEX and bond actions.

Pattern Detected

Recent filings and consolidated updates have triggered modest, generally aligned price reactions, with no large post-news dislocations.

Recent Company History

Over the past six months, Gerdau’s key disclosures have been routine but market-relevant. A Form 20-F filing on Mar 13, 2026 saw a mild +1.67% move. Prior consolidated information updates in Feb 2026 and Oct 2025 detailed adjusted EBITDA around R$2.4–2.7 billion, shifting CAPEX plans, and dividends plus buybacks, with small price reactions of -2.16% and +1.16%. Today’s stronger 1Q26 EBITDA and capital return fit this pattern of incremental, fundamentals-focused news.

Market Pulse Summary

This announcement emphasizes stronger 1Q26 performance, with adjusted EBITDA of R$3.0 billion, heavi...

Analysis

This announcement emphasizes stronger 1Q26 performance, with adjusted EBITDA of R$3.0 billion, heavier North American earnings weight, and reduced quarterly CAPEX against a R$4.7 billion 2026 plan. It also highlights capital returns via a R$0.18-per-share dividend and ongoing buybacks, plus new renewable capacity of about 111 MWm. Investors may watch subsequent quarters for EBITDA sustainability, CAPEX execution, and further details in the filed 1Q26 results and valuation guide.

Key Terms

adjusted ebitda, capex, dividend distribution, share buyback program, +1 more

5 terms

adjusted ebitda financial

"1Q26 HighlightsAdjusted EBITDA (earnings before interest, taxes, depreciation..."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

capex financial

"Investments (CAPEX) of R$1.1 billion in 1Q26, 27% lower than in 4Q25..."

Capex, short for capital expenditures, refers to the money a company spends to buy, upgrade, or maintain physical assets such as buildings, equipment, or technology. It matters to investors because these investments can help a company grow and improve its long-term performance, but they also represent significant costs that can impact profitability and cash flow.

dividend distribution financial

"the Company approved a dividend distribution of R$0.18 per share..."

A dividend distribution is when a company gives a portion of its profits or reserves to shareholders, usually in cash or additional shares. Investors care because it provides a direct return on ownership and signals how confident management is in the company’s cash flow and long-term health; like a bakery sharing weekly tips with owners, regular or growing distributions often indicate steady earnings, while cuts can warn of trouble.

share buyback program financial

"advanced with the 2026 Share Buyback Program, with the acquisition of 21%..."

A share buyback program is when a company uses its cash to repurchase its own outstanding shares from the market, reducing the number of shares available to investors. That matters because it can raise the value of remaining shares and signal management's confidence in the business—similar to a bakery buying back unsold loafs to make each remaining loaf represent a larger share of its oven’s output—though buybacks can also affect cash available for other uses.

securities and exchange commission (sec) regulatory

"it is filling today its 1Q26 results at the Securities and Exchange Commission (SEC)..."

A U.S. federal agency that oversees the stock and securities markets, requiring public companies and brokers to register and share accurate financial information so investors can see the facts. It enforces rules, investigates fraud and can pause or change market activity; think of it as a referee whose decisions and investigations affect investor confidence, legal risk and the value of traded securities.

AI-generated analysis. Not financial advice.

SÃO PAULO, April 27, 2026 /PRNewswire/ --

1Q26 Highlights

• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$3.0 billion in 1Q26, up 25% from 4Q25. Notably, North America accounted for 75% of the Company's Consolidated EBITDA in the first quarter of 2026.
  
  
• Investments (CAPEX) of R$1.1 billion in 1Q26, 27% lower than in 4Q25, in line with guidance of R$4.7 billion for 2026.
  
  
• Return to shareholders: the Company approved a dividend distribution of R$0.18 per share, equivalent to R$354.1 million, to be paid as of June 09, 2026. Also, advanced with the 2026 Share Buyback Program, with the acquisition of 21% of the authorized shares in Gerdau S.A.
  
  
• Inauguration of the Barro Alto Solar Complex in Goiás, with an installed capacity of ~111 MWm, marks an important step for Gerdau in its pursuit to enhance the competitiveness and sustainability of its operations in Brazil.

Additional information

Gerdau S.A. informs that it is filling today its 1Q26 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 1Q26 Valuation Guide is also available on Gerdau's website.
https://ri.gerdau.com/en/financial-information/valuation-guide/ 

Investor Relations
inform@gerdau.com

View original content:https://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-302754886.html

SOURCE GERDAU S.A.

FAQ

What did Gerdau (GGB) report for 1Q26 Adjusted EBITDA?

Adjusted EBITDA was R$3.0 billion in 1Q26. According to the company, this figure represents a 25% increase versus 4Q25 and reflects stronger contribution from North American operations.

How much dividend did Gerdau (GGB) declare for payment in 2026?

Gerdau declared a R$0.18 per share dividend, totaling R$354.1 million. According to the company, the dividend is payable on June 9, 2026 to shareholders of record.

What is Gerdau's 2026 CAPEX guidance and 1Q26 spending (GGB)?

The company guided R$4.7 billion for 2026 CAPEX and reported R$1.1 billion invested in 1Q26. According to the company, 1Q26 CAPEX was 27% lower than 4Q25.

How large is the Barro Alto Solar Complex Gerdau opened in 2026 (GGB)?

The Barro Alto Solar Complex has an installed capacity of approximately 111 MWm. According to the company, the project aims to enhance competitiveness and sustainability in Brazil.

What progress has Gerdau (GGB) made on its 2026 share buyback program?

Gerdau has acquired 21% of the authorized shares under the 2026 buyback program. According to the company, repurchases are underway as part of its return-to-shareholders actions.