Gerdau S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 17,063.26 million compared to BRL 21,149.23 million a year ago. Net income was BRL 1,592.07 million compared to BRL 3,022.25 million a year ago.
For the nine months, sales was BRL 54,200.93 million compared to BRL 64,448.17 million a year ago. Net income was BRL 6,950.19 million compared to BRL 10,261.13 million a year ago.