SÃO PAULO, Aug. 9, 2023
/PRNewswire/ --
2Q23 Highlights
Adjusted EBITDA (earnings before interest, taxes, depreciation
and amortization), reaching R$ 3.8
billion, with an adjusted EBITDA margin of 20.8%.
Adjusted EBITDA from the North America Business Operation
reaches R$1.8 billion, with an
adjusted EBITDA margin of 26.1%, in the second quarter.
Free cash flow reaches R$ 784
million.
Gerdau (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) will invest
BRL 3.2 billion between 2023 and 2026
in a new sustainable mining platform in Minas Gerais. The amount
follows the cycle of investments made in the state in recent years,
for modernization, technological updating, improvement of
environmental practices and extension of local operations.
Additional Information
Gerdau S.A. informs that it is filling today its 2Q23 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 2Q23 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.