Gerdau S.A. announced its third-quarter 2024 financial results, reporting an adjusted EBITDA of R$3.0 billion. This figure represents a 14.9% increase compared to the second quarter of 2024, indicating improved operational performance. The company's strategic focus on efficiency contributed to these positive results.
Investments for the quarter totaled R$1.5 billion, with R$589 million allocated to maintenance and R$920 million directed towards enhancing the competitiveness of its business divisions. This capital expenditure reflects Gerdau's ongoing commitment to strengthening its operational capabilities and market position. These investments are crucial for long-term growth and efficiency.
In a move to return value to shareholders, Gerdau approved a dividend distribution of R$0.30 per share, amounting to R$619.4 million based on the Q3 2024 results. Additionally, the company's share buyback program had repurchased 39.6 million shares by the end of October 2024, equivalent to R$729.4 million. These actions demonstrate a disciplined capital allocation strategy.
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