Gerdau S.A. announced its fourth-quarter 2024 financial results, with adjusted EBITDA reaching R$2.4 billion, marking a 17.2% increase from Q4 2023. This growth in core earnings highlights the company's operational resilience and efficiency improvements over the past year. The positive EBITDA trend is a key indicator of the company's underlying business health.
Capital expenditures for Q4 2024 amounted to R$2.4 billion, bringing the total CapEx for 2024 to R$6.2 billion. For the upcoming year, Gerdau estimates an investment of R$6 billion in projects focused on maintenance and competitiveness. These investments are critical for sustaining operations and driving future growth initiatives.
The company returned R$2.9 billion to shareholders in 2024 through dividends and its buyback program, achieving a 65.9% return for shareholders. A dividend distribution of R$0.10 per share, totaling R$203.4 million, was approved based on Q4 2024 results. Gerdau also concluded its 2024 share buyback program and approved a new program to repurchase up to 64.5 million shares over a 12-month term, signaling continued commitment to shareholder value.
Net income for the fourth quarter was reported at $55.3 million, or 3 cents per share, with adjusted earnings at 6 cents per share. While net income figures were lower, the robust adjusted EBITDA and significant shareholder returns underscore the company's financial discipline and operational strengths. The new buyback program indicates management's confidence in the company's valuation.
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