Gerdau Q2 Profit Jumps 70% As North America Drives Strong Results
Gerdau's Q2 profit surged 69.7% to R$1.466 billion (US$287 million), boosted by North American demand. The company also approved a dividend of R$0.23 per share. The post Gerdau Q2 Profit Jumps 70% As North America Drives Strong Results appeared first on The Rio Times .
Brazil's largest steelmaker, Gerdau, reported a Q2 profit of R$1.466 billion, representing a 69.7% increase from the same period last year. This strong performance was largely driven by robust demand in North America, which helped offset a slowdown in the domestic market. Adjusted core earnings came in at R$3.430 billion, surpassing market expectations.
Revenue for the quarter reached R$18 billion. Gerdau's North American operations demonstrated the strongest growth, with higher volumes and prices in the US and Canada boosting margins. Construction and infrastructure demand remained solid in the region, with steel shipments in North America increasing by 8% compared to the previous quarter.
Despite a 3% dip in Brazilian steel consumption due to high borrowing costs, Gerdau's diversified business helped cushion the impact. The company approved a dividend of R$0.23 per share, totaling R$451.3 million, which will be paid to shareholders on record as of 19 August 2026. Gerdau's profit surge signals resilience in global steel markets, particularly in the Americas, where demand is compensating for concerns about China's slowdown.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
