Gerdau S.A. reports news as a foreign steel producer with securities traded through an ADR program under GGB and shares listed in Brazil. Company updates center on consolidated operating results, steel shipments, Adjusted EBITDA, CAPEX plans, and segment performance across Brazil, North America, South America, and special steel operations.
Recurring announcements also cover shareholder returns through dividends and share repurchases, debt-management actions involving notes issued by Gerdau Trade Inc., and operating initiatives tied to competitiveness and sustainability, including lower-carbon steel products and energy assets supporting Brazilian operations.
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.