Gerdau's earnings call reflected strong performance in North America and significant progress in sustainability and shareholder returns. However, challenges in the Brazilian market due to high import penetration and increased net debt slightly offset the positive aspects.

Company Guidance

During Gerdau's second-quarter 2025 results presentation, the company outlined several key metrics and guidance for upcoming periods. The North American operations were highlighted for their strong performance, contributing 61% of the consolidated EBITDA, marking a record share. Gerdau's adjusted EBITDA was BRL 2.6 billion, a 6.6% increase from the first quarter. The company also reported a net income of BRL 864 million, or BRL 0.43 per share, a 14% rise compared to the previous quarter. The leverage ratio stood at 0.85x net debt over EBITDA. Investment-wise, Gerdau allocated BRL 1.6 billion in capex during the quarter, primarily towards the Miguel Burnier sustainable mining project, which is 72% complete and expected to add 5.5 million tonnes of high-quality iron ore. Additionally, the company issued a USD 650 million bond and a 7-year debenture totaling BRL 1.4 billion to strengthen cash flow. For shareholder returns, Gerdau announced dividends of BRL 0.12 per share and continued its share buyback program, reaching 68% completion. The company plans to reduce future investments in Brazil due to challenges in the domestic market but will maintain its investment focus in North America.

Record Low GHG Emissions

Gerdau reported an average greenhouse gas emissions of 0.85 tonnes of CO2 per tonne of steel, the lowest in its historical series and less than half of the global average for the steel production sector.

North American Operations Performance

The North American operations posted the highest all-time share in results, representing 61% of consolidated EBITDA due to a strong recovery and favorable market conditions.

Adjusted EBITDA and Net Income Growth

Adjusted EBITDA was BRL 2.6 billion, 6.6% higher than the first quarter of 2025. Net income stood at BRL 864 million, up 14% compared to the previous quarter.

Successful Debt Issuance

Gerdau issued a USD 650 million bond maturing in 2035 and a 7-year debenture totaling BRL 1.4 billion, aimed at strengthening the cash flow and extending the average maturity of the company's debt.

Shareholder Returns

The company approved a dividend distribution of BRL 0.12 per share and continued its 2025 share buyback program, achieving a payout ratio of 90% in the second quarter.

Miguel Burnier Sustainable Mining Project

The project reached 72% completion and is expected to generate about BRL 1.1 billion a year once the ramp-up is finalized.

Gerdau SA (GGB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GGB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.11 / -	0.112	―	―	―
Aug 01, 2025	2025 (Q2)	0.09 / 0.08	0.072	5.56% (<+0.01)
Apr 28, 2025	2025 (Q1)	0.09 / 0.07	0.214	-69.16% (-0.15)
Feb 19, 2025	2024 (Q4)	0.05 / 0.03	0.056	-53.57% (-0.03)
Nov 05, 2024	2024 (Q3)	0.11 / 0.11	0.154	-27.27% (-0.04)
Jul 31, 2024	2024 (Q2)	0.08 / 0.07	0.21	-65.71% (-0.14)
May 02, 2024	2024 (Q1)	0.10 / 0.21	0.312	-31.41% (-0.10)
Feb 20, 2024	2023 (Q4)	0.10 / 0.06	0.123	-54.47% (-0.07)
Nov 06, 2023	2023 (Q3)	0.15 / 0.15	0.276	-44.20% (-0.12)
Aug 09, 2023	2023 (Q2)	0.23 / 0.21	0.379	-44.59% (-0.17)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GGB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	$2.84	$2.90	+2.11%
Apr 28, 2025	$2.67	$2.67	0.00%
Feb 19, 2025	$2.98	$2.84	-4.70%
Nov 05, 2024	$3.00	$3.38	+12.67%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Gerdau SA (GGB) report earnings?

Gerdau SA (GGB) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Gerdau SA (GGB) earnings time?

Gerdau SA (GGB) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GGB EPS forecast?

GGB EPS forecast for the fiscal quarter 2025 (Q3) is 0.11.

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