Gerdau S.A. Q1 2026 Earnings Report and Financial Performance

Gerdau S.A. filed its Q1 2026 earnings report on April 28, 2026, showing strong financial performance with adjusted EBITDA of R$3.0 billion, representing 25% quarterly growth. The company reported adjusted net income of R$1.0 billion and earnings per share of R$0.51, a significant improvement from the previous quarter's loss of R$0.66 per share. North America operations delivered particularly strong results, accounting for 75% of consolidated EBITDA. The company maintained a solid balance sheet with leverage at 0.74x net debt/EBITDA and generated positive free cash flow of R$16 million despite typical seasonal working capital pressures. Gerdau announced dividends of R$0.18 per share for Gerdau S.A. and R$0.08 per share for Metalúrgica Gerdau S.A., payable June 9, 2026, and continued its share buyback program. The company invested R$1.1 billion in CAPEX during the quarter, representing approximately 23% of its planned 2026 investments.