Gerdau: Fourth Quarter Financial Overview
Gerdau SA Reports Fourth Quarter Loss
Gerdau SA, headquartered in Sao Paulo, Brazil, announced on Monday that it recorded a net loss of $239.6 million for the fourth quarter.
The company reported a loss of 12 cents per share for the quarter. However, after excluding one-time expenses, adjusted earnings stood at 7 cents per share.
During this period, the steel manufacturer generated $3.14 billion in revenue.
For the full year, Gerdau SA achieved a net profit of $254 million, translating to 12 cents per share, with annual revenue reaching $12.51 billion.
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