Gerdau Posts Nearly 40% Profit Surge on Strong US Demand
Steelmaker Gerdau S.A. reported a 39.7% jump in third-quarter adjusted profit to R$ 1.52 billion, insulated from domestic pressures by its robust US operations.
The massive federal infrastructure and clean energy projects currently reshaping the American landscape are delivering an unexpected financial windfall to a key supplier. On October 26, 2026, steelmaking giant Gerdau S.A. reported a third-quarter adjusted net profit of R$ 1.52 billion (approximately $266 million), representing a 39.7% surge compared to the same period in 2025, according to the company's third-quarter earnings report.
While Gerdau is headquartered in São Paulo, Brazil, its financial engine is now deeply anchored in the United States. The company's North American business segment—which supplies steel to US civil construction, automotive, and industrial projects—accounted for over 76% of its consolidated adjusted EBITDA during the quarter. This regional division delivered R$ 2.9 billion in adjusted EBITDA, registering a four-year margin high of 27.7%.
This booming US industrial demand has successfully insulated the multinational from a flood of cheap Chinese imports in its domestic Brazilian market. While local steelmakers in Brazil have struggled against low-priced foreign competition, Gerdau's heavy exposure to the US market has allowed it to maintain strong overall profitability. The company's financial health was further validated on October 22, 2026, when rating agency S&P Global revised Gerdau's credit outlook to Positive from Stable, maintaining its investment-grade BBB rating.
Alongside the strong earnings, Gerdau’s board approved a new quarterly dividend of R$ 0.34 per share. According to the company's official corporate filing on October 26, 2026, the dividend will be paid on December 22, 2026, to shareholders of record as of November 12, 2026. The total cash distribution will return R$ 667 million to investors, while the company continues to execute its active 2026 share repurchase program.
For global investors tracking multinational industrial exposure, Gerdau S.A. trades on the New York Stock Exchange (NYSE) under the ticker GGB, representing its underlying Brazilian equity.