Gerdau

GGB

Market cap $7.98B

Gerdau S.A. (GGB) Q4 2025 Earnings Call Transcript

SÃO PAULO, Feb. 23, 2026 /PRNewswire/ -- 4Q25 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$2.4 billion in 4Q25, 13% lower than in 3Q25 and in line with 4Q24. Notably, North America accounted for 62% of the Company's Consolidated EBITDA in 2025.

Today, Feb. 11, 2026, investors are parsing Gerdau's volume spike for clues on how Fed-rate jitters may reshape steel demand.

Kawa Capital sold 2,094,404 shares of Gerdau S.A. in the fourth quarter.

Every new year brings the same ritual. Investors clean the slate, dust off their watchlists, and go hunting for what the market has mispriced.

Despite markets continuing to hover near all-time highs, exuberance appears to have been replaced by cautious optimism.

SÃO PAULO, Oct. 30, 2025 /PRNewswire/ -- 3Q25 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$2.7 billion in 3Q25, up 7% compared to 2Q25, with North America standing out by reaching a new record share of consolidated EBITDA, accounting for 65%.  Investments (CAPEX) of R$1.7 billion in 3Q25, with 60% of that amount allocated to enhancing the competitiveness of our assets.

Gerdau S.A. (NYSE:GGB ) Analyst/Investor Day October 1, 2025 9:00 AM EDT Company Participants Mariana Dutra Gustavo Werneck - Member of Board of Executive Officers, CEO & Director Rafael Japur - Member of Board of Executive Officers, VP, CFO & Director of Investor Relations Mauricio Metz Chia Wang - President & CEO of North American Long Steel Operation Mariana Dutra - General Manager of IR Conference Call Participants Caio Greiner - UBS Investment Bank, Research Division Rafael Barcellos - Banco Bradesco BBI S.A.

Gerdau's investment case hinges on U.S. market strength and operational diversification, offsetting cyclical steel risks and challenging Brazilian exposure. Recent results show North America driving EBITDA growth, with resilient margins and operational moats, while Brazil shows early signs of stabilization. Capital allocation remains disciplined, with CapEx peaking in 2025, supporting a robust dividend/buyback outlook and potential for improved free cash flow.

Gerdau S.A. (NYSE:GGB ) Q2 2025 Earnings Conference Call August 1, 2025 11:00 AM ET Company Participants Gustavo Werneck Da Cunha - Member of Board of Executive Officers, CEO & Director Mariana Velho Dutra - General Manager of IR Rafael Dorneles Japur - Member of Board of Executive Officers, VP, CFO & Director of Investor Relations Conference Call Participants Caio Burger Ribeiro - BofA Securities, Research Division Carlos De Alba - Unidentified Company r - Unidentified Company g - Unidentified Company a - Unidentified Company n - Unidentified Company t - Unidentified Company a - Unidentified Company n - Unidentified Company l - Unidentified Company e - Unidentified Company y - Unidentified Company M - Unidentified Company o - Unidentified Company R - Unidentified Company e - Unidentified Company s - Unidentified Company e - Unidentified Company a - Unidentified Company r - Unidentified Company c - Unidentified Company h - Unidentified Company i - Unidentified Company v - Unidentified Company i - Unidentified Company s - Unidentified Company i - Unidentified Company o - Unidentified Company n - Division Daniel Sasson - Itaú Corretora de Valores S.A.