Gerdau S.A. Q1 2026 Earnings Release

Gerdau S.A. reported its Q1 2026 results, showing a consolidated Adjusted EBITDA of R$3.0 billion, a 24.6% sequential increase and a 23.2% year-over-year increase. Net sales were R$16.7 billion, down 1.5% from Q4 2025 but down 3.8% year-over-year. The company highlighted strong performance in North America, which accounted for 75% of consolidated Adjusted EBITDA, with a 22.9% sequential increase. Brazil's operations saw a 13.3% sequential increase in Adjusted EBITDA despite market pressures. South America's Adjusted EBITDA increased by 6.6% sequentially. Gerdau announced R$354.1 million in dividends and continued its share buyback program. Investments in CAPEX were R$1.1 billion, in line with guidance. The company also inaugurated the Barro Alto Solar Complex and launched a new sustainable product line, Gerdau NewEco. Free cash flow was R$16 million, impacted by working capital consumption.