Inferra AIResearch Tools

Inferra AI / Company / GGB

Gerdau S.A.

GGB · Materials

Last earnings Oct 27, 2026

Key results

Adjusted net incomequarter

$1.5 billion

Adjusted net income of R$1.5 billion in 3Q26, up 3.9% from 2Q26

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Growthquarter

up 3.9%

Adjusted net income of R$1.5 billion in 3Q26, up 3.9% from 2Q26

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Positive free cash flowquarter

$1.4 billion

Positive Free Cash Flow of R$1.4 billion, benefited from lower working capital consumption

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Operating incomequarter

12.3%

p CONCILIATION OF CONSOLIDATED EBITDA - (R$ million) 3Q26 2Q26 ∆ 3Q25 ∆ 9M26 9M25 ∆ EBITDA - CVM Instruction¹ 3,654 3,254 12.3% 2,597 40.7% 9,644 7,278 32.5% Depreciation and amortization (938) (921) 1.8% (938) 0.0% (2,761) (2,748) 0.5% OPERATING INCOME BEFORE FINANCIAL RESULT AND TAXES 2,716 2,332 16.5% 1,659 63.7% 6,882 4,530 51.9% Quarterly Results 3Q26 | Gerdau S.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Adjusted Net income totaled R$1.5 billion, up 3.9% and 39.7% from 2Q26 and 3Q25, respectively.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Free cash flowquarter

$1.4 billion

MILLION) Free cash flow was positive R$1.4 billion in 3Q26, R$1.2 billion higher than in 2Q26, primarily driven by Adjusted EBITDA growth, lower working capital consumption (-71%) and reduced interest payments, which were significantly lower than those recorded in the previous quarter.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Year-over-year, Free cash flow increased R$431 million, driven by significant growth in Adjusted EBITDA and lower disbursements of CAPEX, partially offset by working capital consumption.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

AI analysis

Q3 2026 · reported Oct 26, 2026

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Positive free cash flow · Q3 2026
$1.4B
EX-99 · Oct 26, 2026
Adjusted net income · Q3 2026
$1.5B
EX-99 · Oct 26, 2026
Free cash flow · Q3 2026
$1.4B
EX-99 · Oct 26, 2026

Headline figures

MetricQ3 2026Prior qtrYear ago
Adjusted net income$1.5 billion——
Growthup 3.9%——
Positive free cash flow$1.4 billion——
Operating income12.3%——
Free cash flow$1.4 billion——

EX-99 · Oct 26, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Positive free cash flow$1.4B
Free cash flow$1.4B

Capital allocation

Positive free cash flow$1.4B
Dividend$667.0M
Capex$955M

higher than in 2Q26 and 3Q25, respectively, the highest level since 2Q23; Positive Free Cash Flow of R$1.4 billion, benefited from lower working capital consumption; Based on the 3Q26 results, the Company has approved R$667.0 million as dividends (R$0.34 per share), to be paid as of December 15, 2026; CAPEX of R$955 million in 3Q26 and R$3.1 billion in 9M26; Progress in the final integrated testing phase for the Miguel Burnier mining project, with start-up scheduled for 4Q26; Start-up of the recycling facility in Pindamonhangaba, enhancing the competitiveness of our operations in Brazil.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

3Q26 Results Gerdau S.A

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

higher than in 2Q26 and 3Q25, respectively, the highest level since 2Q23; Positive Free Cash Flow of R$1.4 billion, benefited from lower working capital consumption; Based on the 3Q26 results, the Company has approved R$667.0 million as dividends (R$0.34 per share), to be paid as of December 15, 2026; CAPEX of R$955 million in 3Q26 and R$3.1 billion in 9M26; Progress in the final integrated testing phase for the Miguel Burnier mining project, with start-up scheduled for 4Q26; Start-up of the recycling facility in Pindamonhangaba, enhancing the competitiveness of our operations in Brazil.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

In 3Q26, we invested a total of R$955 million in CAPEX, totaling R$3.1 billion in 9M26.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Based on our 3Q26 results, we approved a cash dividend of R$0.34 per share, totaling R$667.0 million, and continued to execute the 2026 Share Buyback Program, investing R$344.1 million to date and reaching 32% of the authorized shares.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

14 The Net debt/Adjusted EBITDA ratio ended the quarter at 0.58x, a healthy leverage level, comfortably within the Company’s leverage policy, reiterating the Company's capacity to execute its investments commitments necessary for its business’ developments.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

CAPITAL STRUCTURE AND INDEBTEDNESS DEBT BREAKDOWN (R$ million) 3Q26 2Q26 ∆ 3Q25 ∆ Short term 555 630 -11.9% 3,315 -83.3% Long term 13,174 12,928 1.9% 15,329 -14.1% Gross debt 13,729 13,558 1.3% 18,644 -26.4% Gross debt / Total capitalization¹ 20.1% 20.2% - 25.6% -5.5 p.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

p Cash, cash equivalents and short-term investments 6,043 5,440 11.1% 9,874 -38.8% Net debt 7,686 8,118 -5.3% 8,770 -12.4% Net debt ² (R$) / Adjusted EBITDA ³ (R$) 0.58x 0.69x -0.11x 0.81x -0.23x 1- Total capitalization = Shareholders’ equity + Gross debt – Interest on debt.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Strategy & priorities

GERDAU RECORDS ADJUSTED EBITDA OF R$3.8 BILLION AND A MARGIN OF 20.2% IN 3Q26, ITS HIGHEST LEVEL SINCE 2023, DRIVEN BY EXPANSION IN NORTH AMERICA Steel shipments totaled 2.9 million tonnes in 3Q26, in line with 2Q26; Net sales totaled R$18.7 billion in 3Q26, up 4.6% from 2Q26; Adjusted net income of R$1.5 billion in 3Q26, up 3.9% from 2Q26; Adjusted EBITDA of R$3.8 billion in 3Q26, up 9.9% from 2Q26; Adjusted EBITDA Margin of 20.2%, 1.0 p.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

3 MESSAGE FROM MANAGEMENT The third quarter of 2026 marked another step in the Company's profitability expansion.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

9 CONSOLIDATED RESULTS The consolidated results for 3Q26 reflected continued profitability expansion, driven by strong operating performance in North America, which continued to benefit from a favorable environment in terms of demand and prices.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Of the amount invested in the quarter, 45% was allocated to Maintenance and 55% to Competitiveness, in line with the Company’s strategy to boost efficiency and reduce its operating costs.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

This expansion increases our operational capacity for metals and enhances the competitiveness of our Brazil operations.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Risks & headwinds

In 3Q26, total imports rose 19.8% versus 2Q26, fueled especially by flat steel, whose imports increased 33.8% quarter-over-quarter, contributing to a more competitive environment in the domestic market; ▪ During the quarter, steel demand remained subdued, mainly due to the impact of high interest rates on industrial activity and the increased caution of customers amid political and economic uncertainties.

SEC original ↗Gerdau S.A. — Earnings release (6-K exhibit)EX-99Oct 26, 2026

Documents

Earnings deck slides

0 decks with slide view

Gerdau S.A. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Gerdau S.A. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Gerdau S.A. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Gerdau S.A. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Gerdau S.A. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Gerdau S.A. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Gerdau S.A. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsCarpenter Technology (CRS) Materials

Filings

45 documents

Earnings releases

26 documents

Presentations

7 documents

Transcripts

0 documents

No transcripts for Gerdau S.A. are held in this edition of the library.

Mentioned by

3 companies

Other tracked companies whose held documents mention Gerdau S.A. by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.