SÃO PAULO, May 5, 2022
/PRNewswire/ --
1Q22 Highlights
Best adjusted EBITDA (earnings before interest, taxes,
depreciation and amortization) for a first quarter, reaching
R$ 5.8 billion, with an adjusted
EBITDA margin of 28.7%.
Adjusted EBITDA from the North America Business Operation
reaches R$2.7 billion, with an
adjusted EBITDA margin of 33%, both historical records for a
quarter.
Indebtedness level reaches its lowest historical level, with the
ratio between net debt and adjusted EBITDA decreasing from 0.96x to
0.20x compared to the first quarter of 2021.
Gerdau, through the Inspire Gerdau program, recognized, for the
first time, 18 companies from its chain of suppliers that stand out
for consolidating diversity and inclusion initiatives. Created in
2020, the initiative aims to mobilize and encourage the company's
supply chain to consolidate best practices in diversity and
inclusion.
Additional Information
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3,
GGBR4) informs that it is filing today its 1Q22 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 1Q22 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.