Brazil Steelmaker Gerdau Profit Jumps 40%
Gerdau, a Brazilian steelmaker listed in New York as GGB, earned 39.7% more adjusted profit on 3.9% higher sales and set a dividend near US$0.06. The post Brazil Steelmaker Gerdau Profit Jumps 40% appeared first on The Rio Times .
Gerdau, a Brazilian steelmaker, reported a significant jump in adjusted profit for the third quarter, up 39.7% to R$1.52 billion (approximately US$282 million). While net sales only grew by 3.9% to R$18.69 billion (around US$3.5 billion), each real of sales generated more profit. The board declared a dividend of R$0.34 per share (about US$0.06) on December 15, 2026, for shareholders in Brazil, and US$0.06 for those in the United States, payable on December 22, 2026.
The company's adjusted EBITDA, a measure of operating profit before interest, tax and depreciation, increased to near R$3.77 billion (about US$700 million), which is roughly 20% of sales. This profit growth, outpacing sales growth, indicates the company's ability to earn more on every tonne of steel it sells or reduce costs in production.
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