SÃO PAULO, Aug. 3, 2022
/PRNewswire/ --
2Q22 Highlights
Best adjusted EBITDA (earnings before interest, taxes,
depreciation and amortization) for a second quarter, reaching
R$ 6.7 billion, with an adjusted
EBITDA margin of 29.1%.
Adjusted EBITDA from the North America Business Operation
reaches R$2.8 billion, with an
adjusted EBITDA margin of 33.1%, both historical records for a
quarter.
Indebtedness level reaches its lowest historical level, with the
ratio between net debt and adjusted EBITDA decreasing from 0.65x to
0.18x compared to the second quarter of 2021.
Gerdau published its 2021 Annual Report based, for the third
time, on the Global Reporting Initiative (GRI) standards,
reinforcing its commitment to transparency with its stakeholders.
This year, the company also adhered to the Sustainability
Accounting Standards Board (SASB) Iron & Steel Producers and
Metal & Mining standards.
Additional Information
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3,
GGBR4) informs that it is filling today its 2Q22 results at
the Securities and Exchange Commission (SEC) and at the Comissão
de Valores Mobiliários (CVM), which are available at Gerdau's
website. To access this document, please click on
https://ri.gerdau.com/en/notices-and-results/results-center/.
The 2Q22 Valuation Guide is also available at Gerdau's
website.
https://ri.gerdau.com/en/financial-information/valuation-guide/
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SOURCE Gerdau S.A.