Gerdau S.A. - Consolidated Information

North America accounted for more than 76% of consolidated EBITDA, with its margin reaching the highest level in four years.

Rhea-AI Summary

Gerdau (GGB) reported adjusted EBITDA of R$3.8 billion in 3Q26, its highest level since the second quarter of 2023. Adjusted EBITDA, earnings before interest, taxes, depreciation and amortization, rose 10% from 2Q26; its 20.2% margin also reached that period's high. North America contributed more than 76% of consolidated EBITDA, delivering R$2.9 billion and a 27.7% margin, its highest in four years. Adjusted net income reached R$1.5 billion, up 4% quarterly and 40% year over year.

Capital spending totaled R$955 million; year-to-date investments reached 66% of full-year guidance. Scrap processing started in Pindamonhangaba. Gerdau expects Miguel Burnier operations to begin in 4Q26, with final integrated testing progressing. A R$0.34-per-share dividend, totaling R$667.0 million, is payable December 15, 2026. Execution of the 2026 share repurchase program continues.

7 points · 0 major

PositiveiHow this balance works

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointAdjusted EBITDA rose 10% from 2Q26 to R$3.8 billion; its 20.2% margin also reached the highest since 2Q23.
• Moderate pointAdjusted net income reached R$1.5 billion, up 4% from 2Q26 and 40% from 3Q25.
• Minor pointNorth America EBITDA reached R$2.9 billion, with a 27.7% margin, its highest in four years.
• Minor point. Forward-looking: it has not happened yet and may not happen.Approved dividend of R$0.34 per share, totaling R$667.0 million, is payable December 15, 2026.
• Minor pointExecution of the 2026 Share Repurchase Program continues.

2 minor points

• Minor pointPindamonhangaba scrap processing operation started up.
• Minor point. Forward-looking: it has not happened yet and may not happen.Miguel Burnier remains on track to commence operations in 4Q26, with final integrated testing progressing.

Negative

• Minor pointCapital spending totaled R$955 million in 3Q26; year-to-date investments reached 66% of full-year 2026 guidance.

Key Figures

Adjusted EBITDA: R$3.8 billion Adjusted EBITDA margin: 20.2% North America share of consolidated EBITDA: More than 76% +5 more

Adjusted EBITDA

R$3.8 billion

3Q26

Adjusted EBITDA margin

20.2%

3Q26; highest since 2Q23

North America share of consolidated EBITDA

More than 76%

3Q26

North America EBITDA

R$2.9 billion

3Q26

North America EBITDA margin

27.7%

3Q26; highest in four years

Adjusted net income

R$1.5 billion

3Q26; up 4% from 2Q26 and 40% from 3Q25

Investments (CAPEX)

R$955 million

3Q26

Cash dividend

R$0.34 per share; R$667.0 million total

Approved for payment December 15, 2026

Historical Context

2 past events · Latest: Aug 04

2 events

1. Aug 04

   2Q26 earnings report

   24h Move

   +0.8%

   Reported sequential adjusted EBITDA growth, with North America contributing most consolidated EBITDA.

2. Apr 27

   1Q26 earnings report

   24h Move

   +4.4%

   Reported sequential adjusted EBITDA growth and North America's substantial share of consolidated EBITDA.

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

Key Terms

ebitda, capex

2 terms

ebitda financial

"Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization)"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

capex financial

"Investments (CAPEX) totaled R$955 million in 3Q26."

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.

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

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SÃO PAULO, Oct. 26, 2026 /PRNewswire/ -- 3Q26 Highlights

• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$3.8 billion in 3Q26, up 10% from 2Q26, with an adjusted EBITDA margin of 20.2%, both marking the highest levels since the second quarter of 2023.
  
  
• North America Segment was once again the key highlight of the quarter, accounting for more than 76% of consolidated EBITDA. The region delivered R$ 2.9 billion in EBITDA, with an EBITDA margin of 27.7%, the highest level achieved in the past four years.
  
  
• Adjusted net income totaled R$1.5 billion in 3Q26, up 4% and 40% from 2Q26 and 3Q25, respectively. Both variations are explained by the Company's more positive operational and financial performance.
  
  
• Investments (CAPEX) totaled R$955 million in 3Q26. On a year-to-date basis, investments reached 66% of the full-year 2026 guidance.
  
  
• The Company continued to advance key strategic projects, including the start-up of its scrap processing operation in Pindamonhangaba and progress in the final phase of integrated testing for the Miguel Burnier sustainable mining platform, which remains on track to commence operations in 4Q26.
  
  
• The Company approved a cash dividend distribution of R$0.34 per share, equivalent to R$667.0 million, to be paid on December 15, 2026. In addition, the Company continues to execute its 2026 Share Repurchase Program.

Additional information

Gerdau S.A. informs that it is filling today its 3Q26 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 3Q26 Valuation Guide is also available on Gerdau's website. To access this document, please click on:

https://ri.gerdau.com/en/financial-information/valuation-guide/ 

View original content:https://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-302919958.html

SOURCE Gerdau S.A.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Gerdau's adjusted earnings in 3Q26?

Gerdau reported R$1.5 billion in adjusted net income, up 4% from 2Q26 and 40% from 3Q25. Adjusted EBITDA reached R$3.8 billion, up 10% from 2Q26, with a 20.2% margin.

How much is Gerdau's approved dividend and when will it be paid?

The approved cash dividend is R$0.34 per share, payable on December 15, 2026. The distribution totals R$667.0 million.