SÃO PAULO, July 31, 2024 /PRNewswire/ — 2Q24 Highlights

Adjusted EBITDA (profits prior to hobby, taxes, depreciation and amortization) of R$ 2.6 billion in the second one quarter, i’m sick 6.7% in comparison to 1Q24.

Investments (CAPEX) totaled R$ 1.4 billion in 2Q24, of which R$ 704 million used to be allotted to Upkeep and R$ 716 million used to be directed to the Competitiveness of the Industry Sections.

Dividend distribution within the quantity of R$ 0.12 in line with percentage, an identical to R$ 252 million, to be paid in response to 2Q24 effects.

The Corporate licensed a brandnew percentage buyback program of as much as 69.8 million of stocks from Gerdau S.A., with a most length of twelve months.

Alternative Data

Gerdau S.A. informs that it’s filling lately its 2Q24 effects on the Securities and Change Fee (SEC) and on the Comissão de Valores Mobiliários (CVM), which can be to be had at Gerdau’s web page. To get admission to this file, please click on on https://ri.gerdau.com/en/notices-and-results/results-center/.

The 2Q24 Valuation Information could also be to be had at Gerdau’s web page.
https://ri.gerdau.com/en/financial-information/valuation-guide/ 

SOURCE Gerdau S.A.