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The latest announcement is out from Gerdau SA ( (GGB) ).
In February 2025, Gerdau S.A. announced its financial results for the fourth quarter of 2024, highlighting a 17.2% year-over-year increase in adjusted EBITDA, driven by improved performance in Brazil. The company experienced decreased shipments and net sales compared to the previous quarter, largely due to seasonal factors and market conditions in North America. Despite these challenges, Gerdau maintained strong export performance and emphasized its commitment to renewable energy investments and cost-cutting initiatives. The company approved dividends distribution and a new share buyback program, aiming to enhance shareholder value. Gerdau’s strategic focus remains on sustainable growth, operational efficiency, and expanding its product offerings in the steel industry.
More about Gerdau SA
Gerdau S.A. is a leading company in the steel industry, known for its production of long, flat, and special steel products. The company focuses on the Americas market and has a significant presence in Brazil, North America, and South America. Gerdau is committed to sustainable growth and enhancing its competitiveness, as well as investing in renewable energy to improve cost efficiency and reduce CO2 emissions.
YTD Price Performance: 0.35%
Average Trading Volume: 9,758,613
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.77B
See more insights into GGB stock on TipRanks’ Stock Analysis page.
