Gerdau 2Q operating income R$2.33B, estimated R$2.11B

Gerdau, Brazil’s largest steel producer, reported an operating income of R$2.33 billion for the second quarter of 2026, exceeding the estimated R$2.11 billion. This performance underscores the company’s resilience amid ongoing global economic challenges and reflects its strategic focus on geographic diversification and operational efficiency. The company’s North American operations, a key segment of its business, contributed significantly to the results, continuing to benefit from strong demand in construction and automotive sectors.

The company’s adjusted EBITDA for the second quarter of 2026 was in line with its historical performance, demonstrating the effectiveness of its cost control measures and capital allocation strategy. Gerdau has consistently emphasized sustainable growth, with ongoing investments in modernization and environmental practices. These include a R$3.2 billion sustainable mining platform investment in Minas Gerais, which is expected to enhance the company’s long-term competitiveness.

Gerdau’s financial strength is further supported by its low gross debt levels and a disciplined approach to capital expenditures. The company’s CAPEX for the second quarter totaled R$1.2 billion, with a focus on maintenance and technological upgrades. Looking ahead, Gerdau remains committed to its strategic goals of reducing carbon emissions and expanding its production capacity while maintaining a strong balance sheet.