GERDAU S.A. - CONSOLIDATED INFORMATION

Rhea-AI Summary

Gerdau (NYSE:GGB) reported 2Q26 adjusted EBITDA of R$3.4 billion, a 16% increase versus 1Q26, with all reportable segments growing. North America contributed 74% of consolidated EBITDA. Adjusted net income reached R$1.5 billion, up 45% quarter-on-quarter and 70% year-on-year.

According to Gerdau, 2Q26 CAPEX was R$1.0 billion, taking 1H26 investments to 45% of the R$4.7 billion 2026 guidance. The board approved a dividend of R$0.23 per share (R$451.3 million) payable from September 11, 2026, and the company repurchased 31% of the shares authorized under its 2026 buyback program. Gerdau also advanced in agreements for the acquisition of Dona Francisca Energética, which could lead to full ownership and increase self-generated energy to over 50% of its Brazilian consumption.

Positive

• Adjusted EBITDA R$3.4 billion, up 16% vs. 1Q26
• Adjusted net income R$1.5 billion, up 45% QoQ and 70% YoY
• North America 74% of consolidated EBITDA in 2Q26
• CAPEX R$1.0 billion in 2Q26; 45% of 2026 guidance used in 1H26
• Dividend R$0.23 per share, totaling R$451.3 million payable from September 11, 2026
• 31% of authorized shares repurchased under 2026 share buyback program
• Progress on DFESA acquisition via agreements toward potential full ownership and higher self-generation

Negative

• None.

Market Context

The platform's 90-day insider record was Net Selling. That context weighs against treating the earni...

Analysis

The platform's 90-day insider record was Net Selling. That context weighs against treating the earnings improvement as a standalone signal; short positioning was low, while investors could watch subsequent cash returns and execution.

Key Figures

Adjusted EBITDA: R$3.4 billion, up 16% North America EBITDA contribution: 74% Adjusted net income: R$1.5 billion, up 45% and 70% +5 more

8 metrics

Adjusted EBITDA R$3.4 billion, up 16% 2Q26 vs. 1Q26

North America EBITDA contribution 74% Consolidated EBITDA in 2Q26

Adjusted net income R$1.5 billion, up 45% and 70% 2Q26 vs. 1Q26 and 2Q25

CAPEX R$1.0 billion 2Q26

2026 CAPEX guidance progress 45% of R$4.7 billion Year-to-date investments through 1H26

Dividend per share R$0.23 per share Approved for payment as of September 11, 2026

Dividend distribution R$451.3 million Approved 2Q26 shareholder distribution

Share buyback completion 31% of authorized shares 2026 Share Buyback Program

Historical Context

3 past events · Latest: Apr 27 (Positive)

Pattern 3 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 27	1Q26 earnings report	Positive	+4.4%	EBITDA rose 25% and dividend and buyback updates were announced
Mar 13	Form 20-F filing	Neutral	+1.2%	Form 20-F filing was submitted to SEC and made available to shareholders
Feb 23	4Q25 earnings report	Negative	-2.2%	4Q25 EBITDA declined 13% while dividend and buyback were announced

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

GGB's prior quarterly release gained 4.4%, while the weaker 4Q25 results release declined 2.16%; its Form 20-F filing rose 1.21%.

Key Terms

adjusted ebitda, capex, share buyback program

3 terms

adjusted ebitda financial

"Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$3.4 billion"

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) totaled R$1.0 billion in 2Q26"

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.

share buyback program financial

"continued to execute the 2026 Share Buyback Program"

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SÃO PAULO, Aug. 4, 2026 /PRNewswire/ -- 2Q26 Highlights:

• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$3.4 billion in 2Q26, up 16% from 1Q26, with sequential growth across all the Company's reportable segments. Notably, North America accounted for 74% of the Company's Consolidated EBITDA in the second quarter of 2026.
  
  
• Adjusted net income totaled R$1.5 billion, up 45% and 70% from 1Q26 and 2Q25, respectively. Both variations are explained by the dynamics of the Company's operating and financial results.
  
  
• Investments (CAPEX) totaled R$1.0 billion in 2Q26, bringing year-to-date investments in 1H26 to 45% of the R$4.7 billion guidance for 2026.
  
  
• Return to shareholders: the Company approved a dividend distribution of R$0.23 per share, equivalent to R$451.3 million, to be paid as of September 11, 2026. Also, it continued to execute the 2026 Share Buyback Program, repurchasing 31% of the authorized shares in Gerdau S.A.
  
  
• Gerdau has made progress in the acquisition of Dona Francisca Energética (DFESA), entering into agreements that could result in full ownership of the asset and increase the Company's self-generated energy to more than 50% of its energy consumption in Brazil.

Additional information

Gerdau S.A. informs that it is filling today its 2Q26 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 2Q26 Valuation Guide is also available on 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-302843058.html

SOURCE Gerdau S.A.

FAQ

What were Gerdau (GGB) adjusted EBITDA and net income results for 2Q26?

Gerdau reported adjusted EBITDA of R$3.4 billion and adjusted net income of R$1.5 billion in 2Q26. According to Gerdau, EBITDA rose 16% versus 1Q26, while adjusted net income increased 45% quarter-on-quarter and 70% compared with 2Q25.

How much is Gerdau (GGB) paying in dividends after its 2Q26 results?

Gerdau approved a dividend of R$0.23 per share, totaling R$451.3 million. According to Gerdau, the dividend will be paid starting September 11, 2026, as a return to shareholders following its 2Q26 financial performance and ongoing capital allocation strategy.

What is Gerdau (GGB) 2026 CAPEX guidance and how much was invested by 2Q26?

Gerdau’s 2026 CAPEX guidance is R$4.7 billion, with R$1.0 billion invested in 2Q26. According to Gerdau, first-half 2026 investments reached 45% of the full-year guidance, reflecting ongoing projects and expansion of its operating base.

How significant was North America to Gerdau (GGB) EBITDA in 2Q26?

North America accounted for 74% of Gerdau’s consolidated EBITDA in 2Q26. According to Gerdau, this region’s performance was a key driver of the company’s overall profitability, contributing materially to the 16% sequential increase in consolidated adjusted EBITDA.

What does the 2026 share buyback program mean for Gerdau (GGB) shareholders?

Gerdau reported repurchasing 31% of the authorized shares under its 2026 buyback program. According to Gerdau, these repurchases represent a capital allocation measure that can enhance per-share metrics by reducing free float, alongside the approved cash dividend distribution.

What is Gerdau (GGB) doing with the acquisition of Dona Francisca Energética (DFESA)?

Gerdau has entered agreements to advance the acquisition of Dona Francisca Energética, potentially achieving full ownership. According to Gerdau, if completed, this transaction could raise self-generated energy to more than 50% of its electricity consumption in Brazil, strengthening energy self-sufficiency.

Where can investors find Gerdau (GGB) detailed 2Q26 results and valuation guide?

Gerdau filed its detailed 2Q26 results with the SEC and CVM, available via its investor relations website. According to Gerdau, the 2Q26 results center and a dedicated 2Q26 Valuation Guide can be accessed through the company’s online financial information pages.