The earnings call presented a mixed outlook. While Gerdau highlighted strong performance and strategic initiatives in North America, including record low GHG emissions and significant shareholder returns, the Brazilian market faced challenges with high import penetration and operational disruptions. Despite these challenges, the company maintains a cautious optimism with strategic investments and debt management.

Company Guidance -

Q3 2025

During Gerdau's second quarter 2025 earnings call, CEO Gustavo Werneck and CFO Rafael Japur provided detailed guidance on the company's performance and strategic direction. The North American operations were a focal point, with the segment contributing 61% to consolidated EBITDA, showcasing a strong recovery and favorable market conditions. Financially, Gerdau reported an adjusted EBITDA of BRL 2.6 billion, up 6.6% from the first quarter, and a net income of BRL 864 million, reflecting a 14% increase. The company maintained a low leverage ratio of 0.85x net debt over EBITDA, despite a net debt increase to BRL 9 billion, emphasizing its ability to continue investments despite a challenging Brazilian market. Gerdau announced a CapEx of BRL 1.6 billion for the quarter, with significant investment in the Miguel Burnier mining project, which is 72% complete and expected to add BRL 1.1 billion in annual EBITDA. The company also highlighted its commitment to sustainability, achieving an average GHG emissions rate of 0.85 tonnes of CO2 per tonne of steel, significantly below the global average. Looking forward, Gerdau plans to reduce investments in Brazil due to excessive steel imports but will maintain investment levels in North America, reflecting a strategic shift towards markets with higher returns and stability.

Record Low GHG Emissions

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

Strong North American Operations

North American operations posted the highest all-time share in Gerdau's results, representing 61% of consolidated EBITDA, driven by strong demand and favorable business environment.

Debt Issuance and Leverage Management

Gerdau issued a USD 650 million bond and a BRL 1.4 billion debenture to strengthen cash flow and extend average debt maturity, maintaining a leverage ratio of 0.85x, below the company's debt policy level.

Significant Cash Returns to Shareholders

Gerdau approved dividends totaling BRL 0.12 per share and continued its 2025 share buyback program, reaching 68% completion, with a payout ratio of 90% in Q2.

Positive Outlook for North America

The demand in North America remains high, with a backlog above historical levels, driven by nonresidential construction, and capacity utilization positively impacted by steel import tariffs.

Strategic CapEx in Sustainable Mining

Invested BRL 1.6 billion in Q2, with a focus on the Miguel Burnier sustainable mining project, which is 72% complete and expected to add 5.5 million tonnes of high-quality iron ore.

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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