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Gerdau SA (GGB)
NYSE:GGB
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.1Last Year’s EPS
$0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 1.80%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance, successful cost reduction initiatives, and increased shareholder returns. However, challenges such as the impact of excessive steel imports in Brazil and lower revenues in North America due to global market conditions were noted.Company Guidance
During Gerdau's third-quarter earnings call for 2024, the company provided detailed guidance on several key metrics. They reported an adjusted EBITDA of BRL 3 billion, reflecting successful cost reduction initiatives and asset optimization in Brazil. The injury and accident frequency rate improved to 1.58, marking the best safety record in 123 years. Gerdau's net income rose to BRL 1.432 billion, an over 50% increase from the previous quarter, with free cash flow reaching BRL 3 billion, largely due to a judicial deposit withdrawal. The company also highlighted a low leverage ratio of 0.32x net debt over EBITDA, the lowest in the past 12 months, and a 55% payout on net income in 2024 through dividends and share buybacks. Despite challenges from steel imports, Gerdau remains confident in achieving BRL 1.5 billion in cost savings by early 2025, while continuing to focus on cost discipline and capital allocation.Record Low Leverage
Ended the quarter with a leverage of 0.32x net debt over EBITDA, the lowest level in the last 12 months.
Strong Financial Performance
Posted net income of BRL 1.432 billion or BRL 0.64 per share, a significant increase of more than 50% compared to the second quarter of 2024.
Successful Cost Reduction Initiatives
Captured BRL 210 million in savings in Brazil this quarter as part of ongoing cost reduction efforts.
Safety Milestone
Achieved the best injury and accident frequency rate in the last 123 years at 1.58.
Increased Shareholder Returns
Year-to-date dividend payout and share buyback resulted in a 55% payout on net income, significantly above the mandatory minimum.
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GGB Earnings History
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
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GGB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $3.06 | $3.44 | +12.42% |
| Jul 31, 2024 | $3.17 | $3.10 | -2.21% |
| May 02, 2024 | $3.48 | $3.67 | +5.46% |
| Feb 20, 2024 | $3.45 | $3.51 | +1.74% |
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.
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FAQ
When does Gerdau SA (GGB) report earnings?
Gerdau SA (GGB) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Gerdau SA (GGB) earnings time?
Gerdau SA (GGB) earnings time is at Feb 19, 2025, TBA Not 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 2024 (Q4) is $0.1.
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