Gerdau S.A. Stock Price, News & Analysis

Gerdau S.A. has announced the final results of its cash Tender Offer to purchase up to $500 million of outstanding bonds, including the 4.750% Bonds due 2023, 5.893% Bonds due 2024, and 4.875% Bonds due 2027. The Tender Offer concluded on December 3, 2021, with cash payments for validly tendered and accepted bonds set for December 7, 2021. The Offerors accepted specific amounts of each bond series and provided detailed tender offer consideration amounts based on current treasury yields. This strategic move aims to optimize Gerdau's capital structure while managing debt obligations effectively.

Gerdau S.A. announced results from the early tender period of its cash tender offer, allowing up to $500 million in purchases of specific outstanding bonds. The bonds include the 4.750% Bonds due 2023, 5.893% Bonds due 2024, and 4.875% Bonds due 2027. As of the early tender date, valid tenders included $89.726 million of the 2023 Bonds, $152.717 million of the 2024 Bonds, and $146.795 million of the 2027 Bonds. The total consideration for eligible bondholders also includes accrued interest, with cash payments set for November 22, 2021.

On November 4, 2021, Gerdau S.A. announced a cash tender offer for up to $500 million in bonds, including 4.750% Bonds due 2023, 5.893% Bonds due 2024, and 4.875% Bonds due 2027. The offer aims to manage liabilities, with early tender payment incentives. The bonds will be accepted based on priority levels, with the deadline for early tendering set for November 18, 2021. This strategic move reflects Gerdau's focus on optimizing its capital structure and improving financial flexibility.

Gerdau S.A. (NYSE: GGB) reported a record consolidated EBITDA of R$ 7 billion for 3Q21, representing a margin of 32.9%. The company's net debt/EBITDA ratio significantly improved from 2.07x in 3Q20 to 0.41x in 3Q21. In addition, Gerdau launched the "Reforma Que Transforma" program, investing R$ 40 million to enhance over 13,000 housing units in Brazil over the next decade, targeting low-income housing. The complete 3Q21 results can be accessed on Gerdau's website.

Gerdau Graphene has appointed Dr. Nurul Alam as its new European CTO, leading its research center at the Graphene Engineering Innovation Centre in Manchester. This leadership change is seen as a significant step toward enhancing the company's capabilities in developing graphene-based products, particularly in polymers. Gerdau Graphene, part of Gerdau's diversification strategy, aims to advance the commercialization of graphene applications globally. The company is committed to leveraging advanced materials to create innovative products across various sectors, thereby increasing its market footprint.

Gerdau S.A. reported record consolidated EBITDA of R$ 5.9 billion in 2Q21, achieving a margin of 30.8%. The net debt/EBITDA ratio improved significantly from 2.78x in 2Q20 to 0.65x, the lowest in 14 years. The company also announced a joint venture with Shell to develop a 190MW solar energy project in Brasilândia de Minas, aimed at enhancing energy self-sufficiency in steel production. These achievements underscore Gerdau's strong financial health and commitment to renewable energy initiatives.

Gerdau is launching its Sales Acceleration Program in North America to support B2B startups in boosting revenue and accessing potential funding. Open for applications until July 30, the program offers startups guidance and networking opportunities, including introductions to suppliers and customers. Key areas of interest include CO2 reduction, recycling, smart building, and warehouse technology. Selected startups will benefit from intensive sales training and possible investments from Gerdau’s corporate venture capital.

Gerdau S.A. (NYSE: GGB) reported a record consolidated EBITDA of R$ 4.3 billion for 1Q21, reflecting a margin of 26.4%. This performance marks the highest EBITDA for any quarter in the company's history. Additionally, the net debt/EBITDA ratio significantly improved from 2.55x in 1Q20 to 0.96x in 1Q21, the lowest level in 14 years. Gerdau's carbon intensity for 2020 was 0.93 ton CO2e per ton of steel, below the global average of 1.83 ton CO2e. Comprehensive financial results are available on Gerdau's website.

GERDAU S.A. (NYSE: GGB) announced the filing of its Form 20-F for the fiscal year ending December 31, 2020, with both the U.S. SEC and Brazil's CVM. This form is essential for providing financial and operational information about the company to its stakeholders. Shareholders can obtain a free copy of the Form 20-F by contacting the Investor Relations team via email or phone. This filing reaffirms Gerdau's commitment to transparency and compliance with regulatory standards.