SÃO PAULO, Nov. 5, 2024
/PRNewswire/ -- 3Q24 Highlights
Adjusted EBITDA (earnings before interest, taxes,
depreciation and amortization) of R$ 3.0
billion in the third quarter, 14.9% higher compared to
2Q24.
Investments (CAPEX) totaled R$ 1.5 billion in 3Q24, of which R$ 589 million was allocated to Maintenance and
R$ 920 million was directed to the
Competitiveness of the Business Divisions.
Dividend distribution in the amount of R$ 0.30 per share, equivalent to R$ 619,4 million, to be paid based on 3Q24
results.
Share buyback program of Gerdau S.A., by the end of
October 2024, 39.6 million shares
were repurchased, equivalent to R$ 729.4
million.
Additional Information
Gerdau S.A. informs that it is filling today its 3Q24 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 3Q24 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.