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Metalurgica Gerdau
Metalurgica Gerdau (GOAU4) investor relations material
Metalurgica Gerdau Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary28 Apr, 2026
Executive summary
Achieved best adjusted EBITDA for a first quarter since 2022, with North America contributing 75% of consolidated EBITDA and driving resilience amid global volatility.
Launched Gerdau NewEco, a low-carbon steel solution, and inaugurated the Barro Alto Solar Complex, reinforcing sustainability and competitiveness.
Maintained positive free cash flow and low leverage, with continued focus on capital allocation, shareholder returns, and operational efficiency.
Major projects nearing completion: Miguel Burnier mining expansion, Pindamonhangaba scrap processing center, and Midlothian expansion in Texas, expected to add BRL 1.5 billion to annual EBITDA.
Celebrated 125th anniversary and recognized as Steel Sustainability Champion 2026 by worldsteel.
Financial highlights
Adjusted EBITDA reached BRL 3.0 billion, up 25% quarter-over-quarter and 23.2% year-over-year, with margin improving to 17.7%.
Adjusted net income was BRL 1.0 billion, up 51% sequentially and 34% year-over-year; earnings per share at BRL 0.51.
Free cash flow for Q1 2026 was BRL 16 million, positive despite working capital consumption.
Net sales totaled BRL 16.7 billion, down 2% quarter-over-quarter and 3.8% year-over-year.
Dividend payout for Q1 2026: BRL 354 million (BRL 0.18/share) for Gerdau S.A. and BRL 106 million (BRL 0.08/share) for Metalúrgica Gerdau.
Outlook and guidance
Signs of gradual recovery in Brazilian domestic demand, especially in construction and infrastructure, after seasonal slowdown.
North American steel consumption expected to remain stable at high levels, with order backlog above historical averages and margin growth anticipated.
CAPEX guidance for 2026 maintained at BRL 4.7 billion, with R$ 1.1 billion invested in Q1 (23% of annual plan); maintenance CAPEX expected to average BRL 3 billion annually over the next five years.
Continued discipline in capital allocation, execution of share buyback programs, and monitoring of Section 232 and USMCA review in the U.S.
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Latest events from Metalurgica Gerdau
- North America drove EBITDA growth in 2025, while Brazil's margins were hit by record steel imports.GOAU4
Q4 202513 Apr 2026 - Adjusted EBITDA up 14.9% to R$ 3B, with strong cash flow and improved margins in Brazil.GOAU4Q3 202416 Jan 2026
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Next Metalurgica Gerdau earnings date
Q2 20265 Aug, 2026
Metalurgica Gerdau
Next Metalurgica Gerdau earnings date
Q2 20265 Aug, 2026
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