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Gerdau SA ( (GGB) ) just unveiled an announcement.
In its latest earnings release dated February 20, 2025, Gerdau S.A. reported a robust performance for the fourth quarter of 2024, highlighting a record low accident frequency rate, indicating enhanced workplace safety. The company achieved an adjusted EBITDA of R$10.8 billion, reflecting its financial discipline and strategic investments in renewable energy to bolster cost competitiveness and reduce CO2 emissions. Despite challenges such as increased steel imports impacting the Brazilian market, Gerdau maintained a solid financial position, announcing dividends and share buyback programs. The company anticipates a slight margin upturn in North America for the first quarter of 2025, while facing a potential slowdown in Brazil due to market conditions.
More about Gerdau SA
Gerdau S.A. is a prominent player in the steel industry, primarily producing long and special steel products. The company operates extensively across the Americas, with a significant focus on the Brazilian and North American markets.
YTD Price Performance: 0.35%
Average Trading Volume: 9,758,613
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.77B
Learn more about GGB stock on TipRanks’ Stock Analysis page.
