Gerdau Reports Strong Q1 EBITDA in North America Amid Brazilian Challenges
Gerdau (NYSE:GGB) reported its best first-quarter adjusted EBITDA in North America since 2022, driven by strong local demand in sectors like data centers, infrastructure, and solar. However, Brazilian operations continue to face pressure from rising imports and softer demand, though management noted signs of recovery and potential relief in H2. The company also highlighted strong financial metrics, including a net debt/EBITDA ratio of 0.74x and a new share buyback program.
Tickers: $GGB
Topics: Brazil Buyback Program Dividend Earnings EBITDA North America Steel Industry