GERDAU S.A. - CONSOLIDATED INFORMATION

Rhea-AI Summary

Gerdau S.A. (GGB) reported its 2Q24 financial results, highlighting a 6.7% decrease in Adjusted EBITDA to R$ 2.6 billion compared to 1Q24. The company invested R$ 1.4 billion in CAPEX, evenly split between Maintenance and Business Divisions Competitiveness. Gerdau announced a dividend distribution of R$ 0.12 per share, totaling R$ 252 million. Additionally, the company approved a new share buyback program for up to 69.8 million shares of Gerdau S.A., with a 12-month duration. The 2Q24 results and Valuation Guide are available on Gerdau's website for investors and analysts.

Positive

• Dividend distribution of R$ 0.12 per share, totaling R$ 252 million
• New share buyback program approved for up to 69.8 million shares
• Significant CAPEX investment of R$ 1.4 billion for maintenance and competitiveness

Negative

• Adjusted EBITDA decreased by 6.7% compared to previous quarter

SÃO PAULO, July 31, 2024 /PRNewswire/ -- 2Q24 Highlights

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 2.6 billion in the second quarter, down 6.7% compared to 1Q24.

Investments (CAPEX) totaled R$ 1.4 billion in 2Q24, of which R$ 704 million was allocated to Maintenance and R$ 716 million was directed to the Competitiveness of the Business Divisions.

Dividend distribution in the amount of R$ 0.12 per share, equivalent to R$ 252 million, to be paid based on 2Q24 results.

The Company approved a new share buyback program of up to 69.8 million of shares from Gerdau S.A., with a maximum duration of 12 months.

Additional Information

Gerdau S.A. informs that it is filling today its 2Q24 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 2Q24 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-302211677.html

SOURCE Gerdau S.A.

FAQ

What was Gerdau's (GGB) Adjusted EBITDA for Q2 2024?

Gerdau's (GGB) Adjusted EBITDA for Q2 2024 was R$ 2.6 billion, which was 6.7% lower compared to Q1 2024.

How much did Gerdau (GGB) invest in CAPEX during Q2 2024?

Gerdau (GGB) invested R$ 1.4 billion in CAPEX during Q2 2024, with R$ 704 million allocated to Maintenance and R$ 716 million to Business Divisions Competitiveness.

What dividend did Gerdau (GGB) announce for Q2 2024?

Gerdau (GGB) announced a dividend of R$ 0.12 per share, equivalent to R$ 252 million, to be paid based on Q2 2024 results.

What new share buyback program did Gerdau (GGB) approve in Q2 2024?

Gerdau (GGB) approved a new share buyback program for up to 69.8 million shares of Gerdau S.A., with a maximum duration of 12 months.