{
  "id": 16668817,
  "title": "Brazil Steelmaker Gerdau Profit Jumps 40%",
  "url": "https://urgent.news/2026/10/26/brazil-steelmaker-gerdau-profit-jumps-40",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T21:44:55.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/gerdau-third-quarter-profit-jumps-40-percent-2026/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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 .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}