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Stock impact report

Gerdau SA (GGB) Q3 2024 Earnings Call Highlights: Strong Financial Performance Amid Global ... [Yahoo! Finance]

Gerdau S.A. (GGB) 
US:NYSE Investor Relations: ri.gerdau.com/?idioma=enu
Company Research Source: Yahoo! Finance
Net Income: BRL1.432 billion or BRL0.64 per share, over 50% increase from Q2 2024. Free Cash Flow: BRL3 billion, with BRL1.8 billion from a judicial deposit withdrawal; excluding this, approximately BRL1.2 billion. Leverage: 0.32x net debt over EBITDA, lowest level in the last 12 months. Dividends and Share Buyback: 55% payout on net income; 57% of buyback program executed, investing over BRL700 million. Cost Savings in Brazil: BRL210 million captured in the quarter. Warning! GuruFocus has detected 4 Warning Signs with FRA:3QI. Release Date: November 06, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Gerdau SA ( NYSE:GGB ) achieved an adjusted EBITDA of BRL3 billion, reflecting successful cost reduction initiatives and asset optimization in Brazil. The company reported a significant increase in net income, reaching BRL1.432 billion, which is over 50% higher compared to the previous quarter. Gerdau SA ( NYSE Show less Read more
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