Recent Updates — GGB
Gerdau announced third-quarter 2026 results, reporting adjusted EBITDA of R$3.8 billion, up 10% from the second quarter, driven by improved performance in North America and Brazil. The company declared cash dividends payable on December 15, 2026: R$0.34 per share for Gerdau S.A., totaling approximately R$667 million, and R$0.16 per share for Metalúrgica Gerdau S.A., totaling approximately R$212 million. Additionally, Gerdau renewed its Revolving Credit Facility to US$1.125 billion with availability increasing by 29% and a maturity date in 2031. The steel manufacturer operates in Brazil, North America, and South America.
The Board of Directors approved the cancellation of 277,600 common shares (GGBR3) issued by GERDAHU S.A. The transaction involves no par value and results in no reduction to the company's total capital. Following this action, the company's capital structure consists of 716,698,119 common shares and 1,261,042,330 preferred shares. An amendment to the bylaws reflecting these new share counts will be addressed at a future shareholders' meeting. The existing share buyback program remains active. GERDAHU S.A. is a Brazilian steel producer.
Gerdau S.A. reported third-quarter 2026 results featuring an Adjusted EBITDA of R$3.8 billion and a margin of 20.2%, marking its highest level since the second quarter of 2023. Net sales reached R$18.7 billion, up 4.6% from the previous quarter, while adjusted net income rose 3.9% to R$1.5 billion. The company approved a cash dividend of R$0.34 per share, totaling R$667 million, payable on December 15, 2026. Additionally, Gerdau announced that Fitch and S&P Global Ratings revised its outlook from stable to positive while reaffirming its credit ratings. The company operates in the steel industry.
Gerdau S.A. reported consolidated net income attributable to parent owners of R$4,009,996 thousand (approximately $750 million) for the nine-month period ended September 30, 2026, compared to R$2,685,174 thousand in the prior year. Net sales increased to R$53,276,811 thousand from R$52,884,229 thousand. The company also reported a basic earnings per share of R$2.04 for the period. Gerdau S.A. is a leading producer of long steel in the Americas and one of the largest suppliers of special steel in the world.
Standard & Poor's Global Ratings affirmed Gerdau S.A.'s credit ratings while revising the outlook from stable to positive. The agency cited expectations of a strengthening operating and financial profile driven by resilient performance in North America, efficiency gains from strategic investments in Brazil, improved cash flow generation, and conservative capital allocation with low leverage levels. Fitch also maintains a positive outlook as of July 2026, while Moody's holds a stable outlook from March 2026. Gerdau S.A. is a major producer of long steel products, including rebar, wire rod, and structural steel, operating primarily in Brazil and the United States.
Gerdau S.A. and its affiliates entered into a new Senior Unsecured Global Working Capital Credit Agreement with a total capacity of US$1.125 billion, replacing an existing facility of US$875 million. This transaction represents a 29% increase in total availability for the companies. The five-year credit facility is administered by Crédit Agricole Corporate and Investment Bank and includes participation from nine creditor banks: BBVA, Banco Santander, Bank of America, BNP Paribas, Citibank, CACIB, J.P. Morgan Chase, Mizuho Bank, and Natixis. The new agreement matures in August 2031 with an option to extend for one additional year. Gerdau S.A. operates in the steel manufacturing industry.