SÃO PAULO, July 31,
2024 /PRNewswire/ -- 2Q24 Highlights
Adjusted EBITDA (earnings before interest, taxes,
depreciation and amortization) of R$ 2.6
billion in the second quarter, down 6.7% compared to
1Q24.
Investments (CAPEX) totaled R$ 1.4
billion in 2Q24, of which R$ 704
million was allocated to Maintenance and R$ 716 million was directed to the
Competitiveness of the Business Divisions.
Dividend distribution in the amount of R$ 0.12 per share, equivalent to R$ 252 million, to be paid based on 2Q24
results.
The Company approved a new share buyback program of up to
69.8 million of shares from Gerdau S.A., with a maximum duration of
12 months.
Additional Information
Gerdau S.A. informs that it is filling today its 2Q24 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 2Q24 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.