Welcome to our dedicated page for Gerdau S.A. news (Ticker: GGB), a resource for investors and traders seeking the latest updates and insights on Gerdau S.A. stock.
Gerdau S.A. (NYSE: GGB) is a rolled steel shape manufacturing company that produces steel and steel products for sectors such as civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products. This news page focuses on the company’s official announcements and market communications that relate directly to GGB.
Readers can find updates on quarterly and annual consolidated results, where Gerdau highlights adjusted EBITDA performance, regional contributions from Brazil, North America and South America operations, and the role of its Special Steel Operations. These releases also describe how different regions have influenced consolidated EBITDA in recent periods.
The news flow also covers capital expenditure (CAPEX) plans, including investments in maintenance and in enhancing the competitiveness of assets and business divisions, as well as multi‑year investment guidance communicated through material facts and investor day events. In addition, Gerdau regularly announces dividend distributions and provides details on share buyback programs, including the number of Gerdau S.A. shares repurchased and the proportion of authorized programs that have been executed.
Another recurring theme in Gerdau’s news is debt and liability management. The company has reported bond and debenture issuances to extend its debt maturity profile, a make‑whole call for a bond maturing in 2030, and a cash tender offer for any and all of certain notes due 2027 issued by its wholly owned subsidiary Gerdau Trade Inc., fully, unconditionally and irrevocably guaranteed by Gerdau and other group entities.
Investors and observers who want a single place to review Gerdau’s earnings releases, CAPEX updates, dividend and buyback announcements, and debt‑related transactions can use this page as a central archive of GGB‑related news.
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.
Gerdau S.A. (NYSE: GGB) reported a remarkable increase in consolidated EBITDA, reaching R$ 3.1 billion in 4Q20, nearly tripling the previous year's figures. The net debt to EBITDA ratio improved to 1.25x, down from 1.67x at the end of 2019. Additionally, the company generated R$ 2.4 billion in free cash flow during the same quarter. Gerdau remains the sole steel producer listed on Brazil’s Carbon Efficient Index (ICO2) and achieved a B- rating in the CDP Climate Change module.
Gerdau S.A. announced the results of its early tender period for a cash tender offer to purchase up to $230 million of specific outstanding bonds, including options due in 2021, 2023, 2024, and 2027. The tender offer was oversubscribed, leading Gerdau to increase the maximum tender consideration to approximately $335.9 million. Bonds validly tendered before the deadline will receive payment on December 2, 2020. Notably, 2023 and 2027 bonds were not accepted for purchase. The tender offer expires on December 14, 2020.
Gerdau S.A. has announced a cash Tender Offer to purchase up to $230 million of its outstanding bonds, including 5.750% Bonds due 2021, 4.750% Bonds due 2023, 5.893% Bonds due 2024, and 4.875% Bonds due 2027. The offer aims to manage liabilities and will expire on December 14, 2020. Early tender submissions are encouraged before November 30, 2020.
The bonds will be purchased based on an acceptance priority level, affecting eligibility and payment amounts for holders of the bonds.
Gerdau S.A. (NYSE: GGB) reported strong financial results for the third quarter of 2020, with EBITDA increasing by 46% to R$2.1 billion compared to 3Q19. The company's net profit surged 95% year-over-year, reaching R$795 million. Additionally, the net debt to EBITDA ratio improved, decreasing from 2.8x to 2.1x by the end of September. Gerdau also joined the B Movement Builders initiative to foster long-term value creation for stakeholders. Comprehensive results are available in their filings with the SEC and CVM.
Gerdau S.A. reported strong 2Q20 results, with Adjusted EBITDA increasing by 12% to R$ 1.3 billion compared to 1Q20. The company's free cash flow reached R$ 205 million, and long steel shipments grew by 10% in the same period. Gerdau also launched the Integrated Report 2019 and introduced Gerdau Next, a new business initiative.
The company has submitted its 2Q20 results to the SEC and CVM, accessible via its website.