Gerdau S.A.

GGB: 6-K · debt financing

Gerdau S.A., together with Metalúrgica Gerdau S.A., Gerdau Aços Longos S.A., Gerdau Açominas S.A., Gerdau Ameristeel Corporation and other foreign affiliates, entered into a Senior Unsecured Global Working Capital Credit Agreement on August 31, 2026, replacing its existing US$875 million facility with a new US$1.125 billion global credit facility. The upsizing represents an increase of approximately 29% in the companies' total availability. The new facility is 100% available and fully undrawn as of the signing date, carries a five-year term with maturity expected at the end of August 2031, and may be extended for up to one additional year, giving Gerdau a longer-dated committed liquidity backstop. The facility is administered by Crédit Agricole Corporate and Investment Bank with participation from nine creditor banks: BBVA, Banco Santander, Bank of America, BNP Paribas, Citibank, CACIB, J.P. Morgan Chase, Mizuho Bank and Natixis, a broad international syndicate that signals continued bank confidence in Gerdau's credit.

SEC 6-K•1mo ago

GGB: 6-K · acquisition merger

Gerdau S.A. has concluded its acquisition of the entire 23.03% equity stake in Dona Francisca Energética S.A. (DFESA) held by Companhia Paranaense de Energia (COPEL), at a total value of R$150 million. The transaction closed on August 6, 2026, following satisfaction of conditions precedent including approval by the Brazilian antitrust authority. Including DFESA's proportional consolidated cash balance of R$719,205.75, Gerdau made a total cash disbursement of R$150,719,205.75, fully funded with its own available resources. The deal expands Gerdau's renewable energy self-production and, per the company, supports cost-structure competitiveness within its previously disclosed decarbonization strategy and capital allocation discipline.

SEC 6-K•2mo ago

GGB: 6-K · earnings release

Gerdau reported 2Q26 adjusted EBITDA of R$ 3.4 billion, up 16% quarter over quarter and 34% year over year, with positive performance across all reportable segments. Adjusted net income rose 45% QoQ to R$ 1.5 billion, with EPS of R$ 0.74 versus R$ 0.51 in 1Q26, and free cash flow was positive at R$ 237 million. North America drove the quarter with EBITDA of R$ 2.6 billion at a 25.7% margin, record common long steel shipments, and a backlog above 100 days — the highest since 2021 — supported by data center and renewable energy demand. Brazil's EBITDA rose 22% QoQ to R$ 705 million as import penetration fell to 18%, the lowest since 1Q23, though South America shipments declined 8% QoQ. On capital returns, Gerdau declared dividends of R$ 0.23 per share (~R$ 451 million) payable September 11, 2026, and has executed R$ 334 million of its 56.4-million-share buyback program, cancelling 85% of repurchased shares. The balance sheet is solid, with leverage at 0.69x net debt/EBITDA. Growth projects are nearing 2H26 start-up: the Miguel Burnier mining platform (95% complete, ~R$ 1.1 billion potential EBITDA), the Pindamonhangaba scrap yard, and Midlothian Phase 1. Management expects stable North America margins and slight margin expansion in Brazil for 3Q26, despite cost pressures from metallurgical coal, logistics, and freight.

SEC 6-K•2mo ago

GGB: 6-K · dividend

Gerdau S.A.'s board approved the payment of dividends as an anticipation of the minimum payout for fiscal year 2026: R$0.23 per share on Gerdau common and preferred shares (record date 08/19/2026, payment 09/11/2026; ADR holders paid 09/18/2026) and R$0.11 per share on Metalúrgica Gerdau shares, payable via BTG Pactual. In a parallel Material Fact, the board approved the cancellation of 163,100 common shares (GGBR3) and 6,975,000 preferred shares (GGBR4), leaving Gerdau's capital split into 716,975,719 common and 1,261,042,330 preferred shares with no reduction in capital. Management stressed that the share buyback plan disclosed on February 23, 2026 remains in effect, reinforcing the company's ongoing capital-return posture for GGB ADR holders.

SEC 6-K•2mo ago

GGB: 6-K · earnings release

Gerdau S.A. (NYSE: GGB) reported strong 2Q26 results on August 4, 2026, with adjusted net income of R$1.5 billion, up 44.7% quarter-over-quarter and 69.7% year-over-year, and adjusted EBITDA of R$3.4 billion, up 15.9% sequentially and 33.9% year-over-year. Net sales reached R$17.9 billion, up 6.9% from 1Q26, on 2.9 million tonnes of steel shipments, with the adjusted EBITDA margin expanding 4.6 points year-over-year to 19.2%. North America drove the quarter, contributing R$2.6 billion of adjusted EBITDA (+15.4% QoQ, +59.0% YoY), roughly 74% of the consolidated total, on demand from renewable energy, data centers and manufacturing, with the common long steel order backlog above 100 days, the highest since 2021. Brazil's adjusted EBITDA rose 22% sequentially to R$705 million but remains 19.6% below year-ago levels amid still-moderate demand and a 22.5% steel import penetration rate. The board approved dividends of R$0.23 per share, totaling R$451.3 million, payable September 11, 2026, while the 2026 buyback program reached 31% execution with R$334.0 million invested. Total shareholder distributions in 2Q26 were R$555.9 million, a 40.3% payout, and the company cancelled roughly 7.1 million shares. Balance sheet strength underpins the capital returns: gross debt fell 25.1% year-over-year to R$13.6 billion, net leverage sits at a healthy 0.69x, and the US$875 million revolving credit facility is fully available. Gerdau also progressed toward 100% ownership of Dona Francisca Energética (DFESA), which would lift self-generated power above 50% of its Brazilian energy consumption.

SEC 6-K•2mo ago

GGB: 6-K · periodic report

Gerdau S.A. filed its condensed consolidated interim financial statements for Q2 and H1 2026 via Form 6-K. Second-quarter net income rose about 70% year over year to R$1.47 billion (diluted EPS of R$0.74 versus R$0.42 a year ago), and Adjusted EBITDA climbed 34% to R$3.43 billion. Six-month net sales were roughly flat at R$34.59 billion (-0.9% YoY), but net income still grew 53% to R$2.48 billion. The North America segment drove the profit gains, with Q2 segment EBITDA of R$2.60 billion versus R$1.64 billion a year earlier, while Brazil segment EBITDA fell to R$705 million from R$877 million. On capital allocation, Gerdau completed the acquisition of CELESC's 23.03% stake in Dona Francisca Energética (DFESA) on July 20, 2026 for roughly R$154 million in cash at a R$150 million enterprise value, with the COPEL stake still pending; the transactions will take it to 100% of the 125 MW hydro producer and lift self-generation above half of its energy consumption. The company also bought back R$311.3 million of shares in H1 under a program of up to 55 million preferred and 1.44 million common shares running through August 2027, and paid a Q1 dividend of R$0.18 per share. The balance sheet remains solid with R$5.16 billion of cash against roughly R$13.56 billion of loans, financing and debentures, and H1 operating cash flow rose 59% to R$3.04 billion — though large Brazilian tax contingencies, including R$8.03 billion in pending goodwill-deductibility assessments, remain an overhang.

SEC 6-K•2mo ago

GGB: 6-K · acquisition merger

Gerdau S.A. has closed the acquisition of a 23.03% equity stake in Dona Francisca Energética S.A. from Centrais Elétricas de Santa Catarina S.A. (CELESC) for an enterprise value of R$150 million. The total cash disbursement was approximately R$154 million, paid using the company's own available resources following the satisfaction of conditions precedent including antitrust approval. This acquisition is aligned with Gerdau's capital allocation discipline and supports its decarbonization strategy by expanding renewable energy self-production to enhance cost competitiveness.

SEC 6-K•3mo ago

GGB: 6-K · acquisition merger

Gerdau S.A. has entered into a binding agreement to acquire Companhia Paranaense de Energia's (COPEL) 23.03% equity interest in Dona Francisca Energética S.A. (DFESA) for an enterprise value of R$150 million. The all-cash transaction is subject to customary closing conditions, including approval by the Brazilian antitrust authority. Upon completion of this transaction and a concurrent acquisition from Centrais Elétricas de Santa Catarina (CELESC), Gerdau will hold 100% of DFESA for a total investment of R$300 million. This move will increase the company's renewable self-generation capacity by 30.4 average MW, aligning with its decarbonization strategy and cost competitiveness goals.

SEC 6-K•4mo ago