Gerdau reported higher first-quarter 2026 profit and EBITDA, led by North America, while Brazil faced weaker conditions.
Gerdau reported first-quarter 2026 results that showed stronger profit and EBITDA, with North America doing most of the heavy lifting.
The company said consolidated adjusted EBITDA was R$3.0 billion and adjusted net income was about R$1.0 billion in the quarter. Reuters reported that adjusted net profit rose about 34% year over year.
Gerdau said North America accounted for 75% of consolidated EBITDA, underscoring the importance of its U.S. and regional operations to the quarter’s performance. Company materials also pointed to weakness in Brazil, where competitive pressure remained a drag.
The company’s official release and results presentation were posted on April 27 and April 28, respectively. MarketScreener’s reporting from the company’s results showed net income of BRL 1,002.05 million and highlighted the same North America contribution.
MarketBeat said adjusted earnings per share were $0.10 versus a $0.12 consensus, with revenue of $3.22 billion versus $3.29 billion expected. That suggests the quarter was mixed even as the underlying profit trend improved.
Gerdau’s presentation also flagged capital spending of R$1.1 billion and discussed projects including the Barro Alto Solar Complex and the NewEco launch.
The main takeaway from the quarter is straightforward: North America offset Brazil’s softer backdrop, helping Gerdau deliver a stronger profit line even if some market expectations were not fully met.
Revision note
Initial automated publication.