GERDAU S.A. - CONSOLIDATED INFORMATION

Rhea-AI Summary

Gerdau S.A. reports 1Q23 highlights, including adjusted EBITDA of R$4.3 billion and free cash flow of R$2.7 billion. The North America Business Operation achieved an adjusted EBITDA of R$2.4 billion. Gerdau has implemented the dry stacking method for tailings disposal in Minas Gerais.

Positive

• Adjusted EBITDA reaches R$4.3 billion with a margin of 22.9%. North America Business Operation achieves R$2.4 billion with a margin of 30.2%. Free cash flow is R$2.7 billion. Gerdau implements dry stacking method for tailings disposal in Minas Gerais.

Negative

• None.

SAO PAULO, May 3, 2023 /PRNewswire/ --

1Q23 Highlights

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), reaching R$ 4.3 billion, with an adjusted EBITDA margin of 22.9%.

Adjusted EBITDA from the North America Business Operation reaches R$2.4 billion, with an adjusted EBITDA margin of 30,2%, in the first quarter.

Free cash flow reaches R$ 2.7 billion.

Since February 2023, Gerdau has only used the dry stacking method to dispose of 100% of the tailings from its iron ore production process in the state of Minas Gerais

Additional Information

Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filling today its 1Q23 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 1Q23 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-301814622.html

SOURCE Gerdau S.A.

What is Gerdau's adjusted EBITDA for 1Q23?

Gerdau's adjusted EBITDA for 1Q23 is R$4.3 billion with a margin of 22.9%.

What is the North America Business Operation's adjusted EBITDA for 1Q23?

The North America Business Operation achieved an adjusted EBITDA of R$2.4 billion with a margin of 30.2%.

What is Gerdau's free cash flow for 1Q23?

Gerdau's free cash flow for 1Q23 is R$2.7 billion.

What method did Gerdau implement for tailings disposal in Minas Gerais?

Gerdau has implemented the dry stacking method for tailings disposal in Minas Gerais.