Gerdau S.A. (GGB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Gerdau's second quarter 2026 results presentation. I am Mariana Pereira, Investor Relations Specialist, and joining us on this conference call are our CEO Gustavo Werneck and CFO Rafael Japur. Please note that this call is being simultaneously translated into English and you can choose your preferred language by clicking on the globe icon at the bottom of your screen. During the presentation, all participants will be on listen-only mode, and then we will begin the Q&A session. Analysts and investors can join the queue by clicking on the raise hand button. It is worth noting that the forward-looking statements contained herein are based on the company's beliefs and assumptions based on information currently available. Forward-looking statements are not guarantees of future performance and are subject to circumstances that may or may not occur. I will now turn the floor to Gustavo to initiate the presentation. Thank you, Adi. 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, where we'll 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 three months of this year, 2026. This strong result also reflects solid operating performance from our plants in the region. Meanwhil...