Q1 2026 Gerdau SA and Metalurgica Gerdau SA Earnings Call (English, Portuguese) Transcript

Apr 28, 2026 / 03:00 PM GMT

Release Date Price: €3.62

Transcript

Key Points

Positve

Gerdau SA (GGB) posted strong results in North America, achieving the best adjusted EBITDA for the first quarter since 2022.
The company recorded a consolidated net income of 1 billion bureaus, a 50% increase compared to the previous quarter.
Gerdau SA (GGB) introduced Gerdau New Eco, a low-carbon steel solution, expanding its product portfolio with a lower carbon footprint.
The company achieved a higher EBITDA margin in Brazil compared to the previous quarter, thanks to cost discipline.
Gerdau SA (GGB) plans to complete significant projects by the end of 2026, potentially adding nearly BRL1.5 billion to annual EBITDA.

Negative

The Brazilian market remains under pressure from excessive steel imports, impacting profitability.
The company faces challenges in Brazil due to a decline in apparent consumption of long steel products.
There are ongoing negotiations with input providers due to cost pressures, particularly in energy.
The Miguel Burnier mining project is delayed, affecting the expected EBITDA contribution for the year.
The company is dealing with productivity issues in civil construction and electromechanical assembly, impacting project timelines.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GGBR4.SA - Gerdau SA
Q1 2026 Gerdau SA and Metalurgica Gerdau SA Earnings Call (English, Portuguese)
Apr 28, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

Welcome to Gerdal's first quarter 2026 results presentation. I'm Ariana Pereira, Investor Relations Specialist, and joining us on this conference call are our CEO, Gustavo Verneck and CFO, Rafael Japur.

Please note that this call is being simultaneously translated into English, and you can choose your preferred language by clicking on the globe icon at the bottom of the screen. During the presentation, all participants will be in listen-only mode, and then we will start the Q&A session.

Analysts and investors can join the queue by clicking on the raise hand button. It is worth noting that the forward-looking statements contained herein are based on the company's

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