- Gerdau press release (NYSE:GGB): Q2 Revenue of R$22.97B (+20.1% Y/Y).
- Adjusted EBITDA of R$6.7B in 2Q22 (+15% 1Q22 and +13% 2Q21) and R$12.5B in 1H22 (+22% 1H21).
- Adjusted net income of R$4.3B in 2Q22 (+46% 1Q22 and +28% 2Q21) and R$7.2B in 1H22 (+24% 1H21).
- Leverage ratio fell to its lowest level ever, ending the quarter at 0.18x.
- In the quarter, crude steel production remained in line with 1Q22 and 2Q21, and in the first half, steel production was 4% higher than in the same period last year. As a result, the production capacity utilization rate stood at 83%.
- Steel shipments increased 6% in relation to 1Q22, attesting to the resilience of the construction and industrial sectors and to the gradual recovery in the automotive sector.