Gerdau S.A., together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, and South ...
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$0.79 per share
Est. EPS $0.84 · Revenue $18.40B · 1 analysts
Est. EPS $0.56 · Revenue $17.13B · 1 analysts
Est. EPS $2.77 · Revenue $70.95B · 2 analysts
$0.79 per share
EPS BRL 0.74 · Revenue BRL 17.87B
EPS BRL 0.51 · Revenue BRL 16.72B
EPS BRL 0.69 · Revenue BRL 69.86B
EPS BRL 0.53 · Revenue BRL 17.98B
EPS BRL 0.42 · Revenue BRL 17.53B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $69.9B | +4.2% | +6.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $1.4B | -69.6% | +45.1% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +11.4% | -16.9% | +15.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +8.0% | -16.1% | +22.5% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +2.0% | -70.9% | +35.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $1.1B | -79.1% | +42.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +1.6% | -80.0% | +33.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 29.1% | +12.9% | -2.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.89x | -3.9% | +4.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $81.7B | -5.9% | +1.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.69 vs 1.86 | -62.8% | 0.74 vs 0.76 | -2.6% |
| Revenue Surprise | $69.9B vs $71.5B | -2.3% | $17.9B vs $17.6B | +1.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Mar 1, 2029 | Mattiello Marcos Zilles | other: Senior management | Restricted Stock Units | — | 18,119 | $4.04 |
| Mar 1, 2029 | Wang Chia Yuan | other: Senior management | Restricted Stock Units | — | 75,639 | $4.04 |
| Feb 12, 2029 | de Franca Gustavo Silva | officer: Officer | Restricted Stock Units | — | 4,038 | $20.83 |
| Mar 1, 2028 | Wang Chia Yuan | other: Senior management | Restricted Stock Units | — | 102,580 | $2.83 |
| Feb 12, 2028 | de Franca Gustavo Silva | officer: Officer | Restricted Stock Units | — | 4,117 | $18.32 |
Gustavo Werneck: Thank you, Ari. Good morning. And in fact, good afternoon, all of you. I hope you're doing well, and I really appreciate the opportunity to join you for another earnings release presentation. We will briefly discuss the highlights of the second quarter of 2026. I will also talk about the outlook for our operations, and then we will move on to the Q&A session. In the second quarter, we recorded growth in shipments, both quarter-over-quarter and year-over-year with a 7% increase in volumes in North America when compared to the same period last year. Resilient demand in the key sectors where we operate led to a 15% increase in adjusted EBITDA in North America in the second quarter compared to the first 3 months of this year, 2026. This strong result also reflects solid operating performance from our plants in the region. Meanwhile, we posted a slight improvement in the results of our Brazilian operations in the second quarter, reflecting a series of initiatives focused on increasing the profitability and productivity of our operations in the country. This gradual improvement in results occurred a at continued pressure from imports, which despite having slowed down during the period, remain at high levels year-to-date. In this context, we await the overcome -- the outcome of the antidumping investigations into long and flat steel products, which are expected to be updated in the second half of the year. Finally, I would like to highlight the increase in our ownership stake in Dona Francisca Energetica, which has raised our self-generated energy to more than 50% of Gerdau's consumption in Brazil. This move helps boost the competitiveness of our operations in Brazil and is in line with our previously announced decarbonization strategy. I will now turn the floor over to Japur, who will detail the financial highlights and the impact of the current environment on our results. And I will come back to you after that. Japur, over to you. Rafael Japur: All right. Thank you, Gustavo. Good afternoon, everyone. And I'd like to extend a good morning to those of you who haven't yet had lunch. So good day to everyone. Let's start talking about our operating results. Our adjusted EBITDA consolidated was BRL 3.4 billion in this quarter, posting growth compared to both the previous quarter and the same period last year. And with this, we are getting to our very best consolidated EBITDA since Q3 '23. Gerdau's adjusted net income also posted a substantial increase of 45% quarter-on-quarter, reaching BRL 1.5 billion, reinforcing the company's ability to translate operating gains of our business into returns for our shareholders. Therefore, based on these results, Gerdau S.A. will distribute dividends of BRL 0.23 per share, while Metalurgica Gerdau will distribute BRL 0.11 per share. We also continue to make progress on our share buyback program of Gerdau S.A., which is now 31% complete now at the closing of Q2. Now speaking a little about our financial …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Flavia Dias da Silva de Souza | Member of Board of Executive Officers | — | 1976 | Active |
Gustavo Silva de Franca | Member of Board of Executive Officers | Male | — | Active |
Mauricio Metz | Member of Board of Executive Officers & Executive VP | — | 1979 | Active |
Cesar Obino Da Rosa Peres | Member of Board of Executive Officers & Commercial Officer of Gerdau Steel Brasil | Male | 1962 | Active |
Claudio Gerdau Johannpeter | Independent Vice Chairman of the Board | Male | 1963 | Active |
Gustavo Werneck Da Cunha | Member of Board of Executive Officers, Chief Executive Officer & Director | Male | 1973 | Active |
Marcos Eduardo Faraco Wahrhaftig | Executive Vice President of Strategy, VP & Member of Board of Executive Officers | Male | 1972 | Active |
Rafael Dorneles Japur | Member of Board of Executive Officers, Executive Vice President, Chief Financial Officer & Director of Investor Relations | Male | 1982 | Active |
Rafael Gamboa Lopes | Vice President of Board of Executive Officers & Executive VP | — | 1980 | Active |
Wendel Gomes Da Silva | Member of Board of Executive Officers and Director of Mining & Raw Materials | Male | 1974 | Active |
Bank of America Corp DE raised its holdings in shares of Gerdau S.A. (NYSE: GGB) by 11,393.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,222,623 shares of the basic materials company's stock after acquiring an additional 13,107,580 shares during the
Gerdau NYSE: GGB reported second-quarter 2026 consolidated adjusted EBITDA of BRL 3.4 billion, its strongest quarterly consolidated EBITDA since the third quarter of 2023, as stronger North American performance offset continued pressure on its Brazilian operations from steel imports.
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Gerdau S.A. (GGB) Q2 2026 Earnings Call Transcript
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