SAO
PAULO, May 3, 2023 /PRNewswire/ --
1Q23 Highlights
Adjusted EBITDA (earnings before interest, taxes, depreciation
and amortization), reaching R$ 4.3
billion, with an adjusted EBITDA margin of 22.9%.
Adjusted EBITDA from the North America Business Operation
reaches R$2.4 billion, with an
adjusted EBITDA margin of 30,2%, in the first quarter.
Free cash flow reaches R$ 2.7
billion.
Since February 2023, Gerdau has
only used the dry stacking method to dispose of 100% of the
tailings from its iron ore production process in the state of Minas
Gerais
Additional Information
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3,
GGBR4) informs that it is filling today its 1Q23 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 1Q23 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.