Gerdau stock trades at EUR 4.09 as EBITDA reaches BRL 3.4 billion

Published on 09/30/2026 at 12:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gerdau stock stood 0.24 percent below its prior close at Lang & Schwarz on September 30, 2026. Q2 adjusted net income rose 45 percent quarter over quarter to BRL 1.5 billion.

Gerdau, BRGGBRACNPR8, Illustration mit AI erstellt.

Gerdau stock (ISIN BRGGBRACNPR8) was trading at EUR 4.09 at Lang & Schwarz on September 30, 2026 at 12:11 p.m. CEST, while the steelmaker's adjusted EBITDA reached BRL 3.4 billion in Q2 2026. The result gives investors a stronger operating benchmark even as the euro quotation slipped 0.24 percent versus the EUR 4.10 prior close.

Q2 EBITDA reaches BRL 3.4 billion

As Yahoo Finance reported on August 5, 2026, consolidated adjusted EBITDA reached BRL 3.4 billion in the second quarter, the company's best result since Q3 2023. Adjusted net income rose 45 percent from the first quarter to BRL 1.5 billion, and Gerdau declared a BRL 0.23 dividend per Gerdau S.A. share.

The operating mix explains the improvement. North American shipments increased 7 percent year over year, while adjusted EBITDA in that region rose 15 percent from the first quarter of 2026. Management also reported a debt-to-EBITDA ratio of 0.69x over the last 12 months and quarterly free cash flow of BRL 237 million.

North America carries the result

Valor reported on September 8, 2026, that Gerdau's adjusted EBITDA for the first half of 2026 reached BRL 6.39 billion, up 28.7 percent from the first half of 2025. North America contributed 76 percent of that result, while Brazilian shipments fell 4 percent year over year in the same period.

That split leaves the company exposed to different operating signals. North American demand benefited from infrastructure and data-center construction, while Brazilian profitability continued to face pressure from imported steel. The Q2 transcript also pointed to the Miguel Burnier mining expansion, with ramp-up expected in the third quarter and a projected full-ramp benefit of BRL 1.1 billion per year.

Analyst target rises to USD 6.50

MarketBeat reported on September 4, 2026, that JPMorgan raised its Gerdau price target from USD 6.00 to USD 6.50 and kept an overweight rating. The same report cited a consensus Hold rating and an average target of USD 5.57, showing that the stronger operating result has not produced a uniform analyst view.

Stock stays above EUR 4.00

Gerdau stock was trading at EUR 4.09 at Lang & Schwarz on September 30, 2026 at 12:11 p.m. CEST, down 0.24 percent from the EUR 4.10 prior close on September 29, 2026. The primary listing is on the NYSE under ticker GGB, where the September 29, 2026 quote was USD 4.64 and the 52-week range was USD 3.10 to USD 5.18.