Gerdau S.A.

GGBR4

BRGGBRACNPR8

Iron & Steel

Market Closed - Sao Paulo Other stock markets 04:07:32 2024-04-26 pm EDT			5-day change	1st Jan Change
18.63 ^BRL	-5.05%		-3.07%	-5.91%

Apr. 23	Brazil sets import quotas, tax for 11 steel products	RE
Apr. 15	JPMorgan Upgrades Gerdau to Overweight From Neutral, Adjusts Price Target to $6 From $5	MT

Gerdau S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 19, 2024

Gerdau S.A. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was BRL 14,715.52 million compared to BRL 17,964.05 million a year ago. Net income was BRL 586.8 million compared to BRL 1,218.42 million a year ago.

Latest news about Gerdau S.A.

Brazil sets import quotas, tax for 11 steel products	Apr. 23	RE
JPMorgan Upgrades Gerdau to Overweight From Neutral, Adjusts Price Target to $6 From $5	Apr. 15	MT
Transcript : Gerdau S.A., Q4 2023 Earnings Call, Feb 21, 2024	Feb. 21
Gerdau's Q4 Adjusted Profit, Sales Decline	Feb. 21	MT
Enviri Unit Wins Mexico Services Contract From Gerdau	Feb. 20	MT
Gerdau S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 19	CI
Gerdau S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 19	CI
INICIA completed the acquisition of 50% stake of Industrias Nacionales, C. por A. from Gerdau S.A..	Jan. 31	CI
INICIA signed an agreement to acquire 49.85% stake of Diaco S.A. from Gerdau S.A..	Jan. 17	CI
INICIA acquire 50% stake of Industrias Nacionales, C. por A. and 49.85% stake of Diaco S.A. from Gerdau S.A. for $330 million.	Jan. 17	CI
INICIA agreed to acquire 50% stake of Industrias Nacionales, C. por A. and 49.85% stake of Diaco S.A. from Gerdau S.A. for $330 million.	Jan. 17	CI
Gerdau S.A. Approves Dividends for Third Quarter of 2023, Payable on December 13, 2023	Nov. 08	CI
Transcript : Gerdau S.A., Q3 2023 Earnings Call, Nov 07, 2023	Nov. 07
Brazil's Gerdau third-quarter profit slips on slower steel sales	Nov. 06	RE
Gerdau S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 06	CI
Transcript : Gerdau S.A. - Analyst/Investor Day	23-09-28
Brazil steelmakers see lower output, layoffs as imports surge	23-09-27	RE
Transcript : Gerdau S.A., Q2 2023 Earnings Call, Aug 09, 2023	23-08-09
Gerdau S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-08	CI
Gerdau Q2 Earnings, Net Sales Decline	23-08-08	MT
Brazil's Gerdau to invest $667 mln in sustainable mining platform	23-06-15	RE
Gerdau S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-03	CI
Transcript : Gerdau S.A., Q1 2023 Earnings Call, May 03, 2023	23-05-03
Transcript : Gerdau S.A., Q4 2022 Earnings Call, Mar 01, 2023	23-03-01
Gerdau Q4 Adjusted Net Income, Sales Decline	23-03-01	MT

Chart Gerdau S.A.

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Company Profile

Gerdau S.A. is one of the world's leading producers of long steels. As of the end of 2018, the group has 41 steel mills worldwide. Net sales break down geographically as follows: Brazil (37.4%), South America (10.4%), North America (51%), Europe and Asia (1.2%).

Sector

Iron & Steel

Calendar

2024-05-01 - Q1 2024 Earnings Release

Related indices

BRAZIL IBOVESPA

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Ratings for Gerdau S.A.

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

18.63 BRL

Average target price

24.26 BRL

Spread / Average Target

+30.23%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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Other Steel

Gerdau S.A.

Equities

GGBR4

BRGGBRACNPR8

Iron & Steel

Gerdau S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

EPS Revisions