GERDAU S.A. - CONSOLIDATED INFORMATION
GERDAU S.A. reported strong financial performance in 1Q24 with Adjusted EBITDA of R$2.8 billion, a 38.0% increase from 4Q23, and Adjusted Net Income of R$1.2 billion, up by 70.1%.
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Rhea-AI Summary
GERDAU S.A. reported strong financial performance in 1Q24 with Adjusted EBITDA of R$2.8 billion, a 38.0% increase from 4Q23, and Adjusted Net Income of R$1.2 billion, up by 70.1%. The company also announced a dividend distribution of R$0.28 per share and a bonus share issuance. Gerdau earned the top reputation in Brazil's industry ranking and achieved a record-low accident frequency rate of 0.47, showcasing commitment to safety.
Positive
Strong financial performance in 1Q24 with Adjusted EBITDA of R$2.8 billion, a 38.0% increase from 4Q23.
Adjusted Net Income of R$1.2 billion in 1Q24, up by 70.1% from 4Q23.
Dividend distribution of R$0.28 per share announced, totaling R$589 million based on 1Q24 results.
Bonus share issuance of 1 new share for every 5 shares on April 22nd, 2024.
Gerdau ranked as the top industry player in Brazil according to the Merco Ranking, and the leader in the 'Mining, Steel, and Metallurgy' category.
Record-low accident frequency rate of 0.47 achieved, highlighting Gerdau's commitment to safety.
Negative
- None.
Details
News Market Reaction – GGB
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SÃO PAULO, May 2, 2024 /PRNewswire/ -- 1Q24 Highlights
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of
Adjusted Net Income of
Dividend distribution in the amount of
On April 22nd, 2024, Gerdau's shareholders received, as a bonus, 1 new share for every 5 shares of the same type.
Gerdau has the best reputation among industry players in
Accident frequency rate reached an all-time low, 0.47, reinforcing Gerdau's commitment to becoming one of the safest companies in the sector.
Additional Information
Gerdau S.A. informs that it is filling today its 1Q24 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 1Q24 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-302135224.html
SOURCE Gerdau S.A.
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