Metalurgica Gerdau stock reports stronger Q2 EBITDA

Published on 09/30/2026 at 08:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Metalurgica Gerdau stock carries a BRL 0.11 dividend after Q2 2026 adjusted net income rose 45 percent sequentially. North American shipments grew 7 percent year over year.

Metalurgica Gerdau, BRGOAUACNPR8, Illustration mit AI erstellt.

Metalurgica Gerdau (ISIN BRGOAUACNPR8) delivered consolidated adjusted EBITDA of BRL 3.4 billion in Q2 2026, its highest level since Q3 2023. The result gives the steelmaker a stronger earnings base, while imports continue to pressure its Brazilian operations.

North America drives the quarter

According to Yahoo Finance in the earnings call published August 5, 2026, North American shipments increased 7 percent year over year in Q2 2026. Regional adjusted EBITDA rose 15 percent from Q1 2026, showing where the group's earnings improvement was concentrated.

The same Q2 2026 call put adjusted net income at BRL 1.5 billion, up 45 percent sequentially. Metalurgica Gerdau also declared a BRL 0.11 per-share dividend, while Gerdau S.A. declared BRL 0.23 per share.

Brazil remains the counterweight

Management described Brazil as a gradual improvement story in Q2 2026, but continued high imports remained a profitability issue. The call also cited a positive free cash flow of BRL 237 million and net debt to EBITDA of 0.69 times at the end of the quarter, keeping capital allocation and balance-sheet discipline central to the investment case.

For the first half of 2026, Valor reported Brazilian sales of 2.67 million tons, down 4 percent from the first half of 2025. North American sales reached 2.62 million tons, up 5.6 percent year over year, while adjusted EBITDA for the group was BRL 6.39 billion, up 28.7 percent.

Next results arrive in October

The Q2 2026 earnings call scheduled Metalurgica Gerdau's next results presentation for October 27, 2026, giving investors a defined checkpoint for North American demand, Brazilian imports and the pace of operational improvement.

Metalurgica Gerdau had a market capitalization of BRL 10.8 billion as of September 29, 2026. Its B3 share price was BRL 11.46 at the close on September 22, 2026, against a 52-week range of BRL 7.10 to BRL 11.78.