Gerdau announced adjusted net profit of R$ 1 billion in the first quarter of 2026, growth of 33.6% compared to the same period in 2025. The result fell short of analyst expectations, who projected profit of R$ 1.29 billion.
Gerdau is a producer of long and flat steel products that derives a significant portion of its results from North America, especially the United States. The Brazil operation has been losing share in the company's operational results, with a margin of 9.2% versus 24.1% for North American operations in the first quarter.
Gerdau reported adjusted net profit of R$ 1 billion in the first quarter, up 33.6% year-over-year
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (4)
Brazilian operation reduced its share of operational results, with EBITDA equivalent to 19.2% of the group's total compared to 43.2% in the first quarter of 2025
Board approved payment of R$ 354 million in dividends to shareholders, equivalent to R$ 0.18 per share
No gaps declared — all sources converge on the material facts.