North America Business Operation continues to report solid financial and operational performance
Gerdau, Brazil's largest steel producer, concluded the third quarter of 2026 with adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 3.8 billion and an adjusted EBITDA margin of 20.2%. The Company's adjusted net income totaled R$ 1.5 billion between July and September, while net revenue reached R$ 18.7 billion and physical steel sales amounted to 2.9 million metric tons.
"The strong performance of the North America Business Operation contributed positively to the third-quarter results," said Gustavo Werneck, CEO of Gerdau. "In Brazil, we continued to advance the adjustment of our assets to strengthen the profitability and productivity of our operations, even in a market environment that remains pressured by unfair steel imports."
CAPEX investments reach R$ 955 million in the third quarter of 2026
In the third quarter of 2026, Gerdau invested R$ 955 million, of which 45% was allocated to maintenance and 55% to expansion and technology upgrade projects. For 2026, the Company's investment plan is estimated at R$ 4.7 billion.
"We continue to maintain strong discipline in capital allocation, prioritizing projects focused on competitiveness and a long-term perspective," said Rafael Japur, CFO of Gerdau.
Return to Shareholders
Gerdau S.A. and Metalúrgica Gerdau S.A. will pay dividends on December 15 and 16, respectively. Gerdau S.A. will pay R$ 0.34 per share (equivalent to R$ 667.0 million), and Metalúrgica Gerdau S.A. will pay R$ 0.16 per share (equivalent to R$ 212 million), in both cases based on shareholdings as of November 10, 2026.