Gerdau S.A. (GGB)

Gerdau Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	68,916	68,916	82,412	78,345	43,815	39,644
Revenue Growth (YoY)	-16.38%	-16.38%	5.19%	78.81%	10.52%	-14.12%
Cost of Revenue	57,584	57,584	63,661	57,528	37,884	35,441
Gross Profit	11,332	11,332	18,751	20,817	5,931	4,203
Selling, General & Admin	2,208	2,208	2,188	2,106	1,530	1,430
Other Operating Expenses	-511.03	-511.03	-36.27	-519.73	-705.77	-449.2
Operating Expenses	1,697	1,697	2,151	1,586	824.61	981.26
Operating Income	9,636	9,636	16,600	19,231	5,106	3,222
Interest Expense / Income	1,397	1,397	1,563	1,433	1,448	1,470
Other Expense / Income	-1,072.13	-1,072.13	-768.44	-2,409.69	184.1	90.71
Pretax Income	9,311	9,311	15,805	20,208	3,473	1,662
Income Tax	1,810	1,810	4,379	4,714	1,108	457.83
Net Income	7,502	7,502	11,426	15,494	2,366	1,204
Net Income Growth	-34.34%	-34.34%	-26.26%	554.93%	96.54%	-47.75%
Shares Outstanding (Basic)	2,008	2,008	2,167	2,167	2,167	2,167
Shares Change	-7.32%	-7.32%	-	-	-	-
EPS (Basic)	3.58	3.58	5.44	7.58	1.10	0.56
EPS (Diluted)	3.55	3.55	5.42	7.53	1.09	0.56
EPS Growth	-34.47%	-34.47%	-28.09%	587.95%	96.94%	-47.70%
Free Cash Flow	8,516	8,516	11,320	13,636	6,581	1,201
Free Cash Flow Per Share	4.24	4.24	5.22	6.29	3.04	0.55
Dividend Per Share	0.268	0.268	0.562	0.448	0.048	0.057
Dividend Growth	-52.31%	-52.31%	25.45%	833.33%	-15.79%	-26.92%
Gross Margin	16.44%	16.44%	22.75%	26.57%	13.54%	10.60%
Operating Margin	13.98%	13.98%	20.14%	24.55%	11.65%	8.13%
Profit Margin	10.89%	10.89%	13.86%	19.78%	5.40%	3.04%
Free Cash Flow Margin	12.36%	12.36%	13.74%	17.41%	15.02%	3.03%
Effective Tax Rate	19.43%	19.43%	27.71%	23.33%	31.89%	27.55%
EBITDA	13,755	13,755	20,235	24,299	7,421	5,206
EBITDA Margin	19.96%	19.96%	24.55%	31.02%	16.94%	13.13%
Depreciation & Amortization	3,047	3,047	2,867	2,659	2,499	2,074
EBIT	10,708	10,708	17,368	21,641	4,922	3,131
EBIT Margin	15.54%	15.54%	21.07%	27.62%	11.23%	7.90%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).