Gerdau Pref ADR (GGB) news
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Shares in Brazil's Gerdau down 2.2% after Q2 results
Shares in Brazil's Gerdau fell 2.2% following the release of its second-quarter 2023 financial results, as mixed performance across its key markets raised concerns among investors. The company reported 20.8% margin and third-highest EBITDA . However, net income declined 32.6% , driven by weaker…
AInvest Wire · Aug 5, 2026Brazil's Gerdau says no reduction in the amount of capital
Brazil-based steelmaker Gerdau S.A. has clarified that it will not reduce its capital expenditure (capex) in the current year, despite ongoing strategic shifts in its investment priorities. The company has redirected its focus from Brazil to the United States, where it is advancing a $51.5 million…
AInvest Wire · Aug 4, 2026Gerdau cancels about 7 million shares held in treasury
Gerdau S.A. (NYSE: GGB) has announced the cancellation of 7,700,000 preferred shares and 418,800 common shares, which were previously held in treasury, as part of its ongoing capital management strategy . This action, approved by the company’s Board of Directors, does not result in a reduction of…
AInvest Wire · Aug 4, 2026Gerdau 2Q operating income R$2.33B, estimated R$2.11B
Gerdau, Brazil’s largest steel producer, reported an operating income of R$2.33 billion for the second quarter of 2026, exceeding the estimated R$2.11 billion. This performance underscores the company’s resilience amid ongoing global economic challenges and reflects its strategic focus on…
AInvest Wire · Aug 4, 2026Fitch revises Gerdau's outlook to positive; affirms long-term IDR at 'BBB'
Fitch Ratings has affirmed Gerdau S.A.'s long-term issuer default rating (IDR) at 'BBB' and revised the outlook to positive from stable. The upgrade in outlook reflects improved financial metrics and operational performance, which have strengthened the company's credit profile. Gerdau, a leading…
AInvest Wire · Jul 2, 2026Light Horse does not author, endorse or verify the headlines, and their appearance here is not an endorsement of any view they express.
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