Gerdau S.A. (GGB) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Bem-vindos à divulgação de resultados do primeiro trimestre de 2026 da Gerdau. Eu sou a Arianna Pereira, especialista da área de relações com investidores, e hoje eu me junto ao nosso CEO Gustavo Werner, que é o CFO Rafael Japur, nessa videoconferência. Lembremos que essa transmissão está sendo feita com tradução simultânea para o inglês, e você pode escolher o idioma de preferência clicando no ícone do globo na parte inferior da tela. During the presentation, all participants will be only as listeners and then we will start the question and answer session. Analysts and investors will be able to enter the line through the Raise Hand button. It is worth noting that the perspectives presented here constitute beliefs and premises of the company based on information currently available. Future considerations do not constitute a guarantee of performance and depend on circumstances that may or may not occur. I pass the floor to Gustavo to start the presentation. Hello everyone, good afternoon. I hope you are well. I would like to thank you for the opportunity to be together in another publication of results. We will briefly comment on the highlights of the first quarter of 2026, the perspectives for our operations, and then we will continue, in a way, for our question and answer session. We had, for another period, a strong result in North America. We recorded, between January and March of this year, the best adjusted EBITDA for a first quarter since 2022 in our North American operation, which was responsible for 75% of the EBITDA consolidated by the company. This performance is the result of the continuity of the demand for local steel at a good level, leveraged by the consumption of segments such as data centers, infrastructure and solar energy. and a solid operational p...