Gerdau S.A. (BVMF: GGBR3)

Gerdau Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	64,920	68,916	82,412	78,345	43,815	39,644
Revenue Growth (YoY)	-10.04%	-16.38%	5.19%	78.81%	10.52%	-14.12%
Cost of Revenue	56,104	57,584	63,661	57,528	37,884	35,441
Gross Profit	8,816	11,332	18,751	20,817	5,931	4,203
Selling, General & Admin	2,159	2,218	2,196	2,106	1,530	1,430
Other Operating Expenses	418	80.97	-36.27	-1,308	-1,118	-449.2
Operating Expenses	2,612	2,309	2,160	797.48	476.82	1,002
Operating Income	6,204	9,023	16,592	20,020	5,454	3,201
Interest Expense	-786.25	-840.07	-964.61	-1,060	-1,022	-938.12
Interest & Investment Income	730.69	903.02	606.36	249.02	194.09	223.21
Earnings From Equity Investments	1,252	827.61	1,152	563.16	152.57	-17.05
Currency Exchange Gain (Loss)	-854.42	-850.38	-974.71	-108.37	-204.29	-247.56
Other Non Operating Income (Expenses)	-530.38	-561.57	-551.37	-355.32	-426.78	-546.75
EBT Excluding Unusual Items	6,016	8,502	15,859	19,309	4,147	1,675
Asset Writedown	-199.63	-	-	0.36	-411.93	-
Legal Settlements	17	845	-	-	-	-
Other Unusual Items	-	-	-	963.68	-239.27	-
Pretax Income	5,834	9,347	15,859	20,273	3,496	1,675
Income Tax Expense	970.84	1,810	4,379	4,714	1,108	457.83
Earnings From Continuing Operations	4,863	7,537	11,480	15,559	2,388	1,217
Minority Interest in Earnings	-34.65	-35.42	-54.04	-64.83	-22.29	-13.15
Net Income	4,828	7,502	11,426	15,494	2,366	1,204
Net Income to Common	4,828	7,502	11,426	15,494	2,366	1,204
Net Income Growth	-40.62%	-34.34%	-26.26%	554.93%	96.54%	-47.75%
Shares Outstanding (Basic)	2,100	2,099	2,099	2,148	2,143	2,139
Shares Outstanding (Diluted)	2,113	2,112	2,111	2,159	2,156	2,154
Shares Change (YoY)	1.60%	0.06%	-2.24%	0.12%	0.11%	-0.39%
EPS (Basic)	2.30	3.57	5.44	7.21	1.10	0.56
EPS (Diluted)	2.29	3.55	5.41	7.18	1.10	0.56
EPS Growth	-41.56%	-34.39%	-24.57%	553.97%	96.37%	-47.55%
Free Cash Flow	6,756	5,930	6,858	9,491	4,757	-103.81
Free Cash Flow Per Share	3.20	2.81	3.25	4.40	2.21	-0.05
Dividend Per Share	0.783	1.258	2.881	2.492	0.333	0.167
Dividend Growth	-41.27%	-56.32%	15.61%	647.70%	99.94%	-53.32%
Gross Margin	13.58%	16.44%	22.75%	26.57%	13.54%	10.60%
Operating Margin	9.56%	13.09%	20.13%	25.55%	12.45%	8.07%
Profit Margin	7.44%	10.89%	13.86%	19.78%	5.40%	3.04%
Free Cash Flow Margin	10.41%	8.60%	8.32%	12.11%	10.86%	-0.26%
EBITDA	8,858	11,639	19,131	22,210	7,504	4,903
EBITDA Margin	13.64%	16.89%	23.21%	28.35%	17.13%	12.37%
D&A For EBITDA	2,653	2,616	2,540	2,190	2,050	1,702
EBIT	6,204	9,023	16,592	20,020	5,454	3,201
EBIT Margin	9.56%	13.09%	20.13%	25.55%	12.45%	8.07%
Effective Tax Rate	16.64%	19.36%	27.62%	23.25%	31.69%	27.34%

Source: S&P Capital IQ. Standard template. Financial Sources.