Gerdau S.A. (NYSE:GGB) Q1 2024 Earnings Call Transcript May 3, 2024
Gerdau S.A. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
Renata Oliva Battiferro: Good afternoon and welcome to Gerdau’s Conference Call Results for the First Quarter 2024. I’m Renata, Investor Relations. Here with us today are Rafael Japur and Gustavo Werneck. We would like to inform you that this video conference is being recorded and it will be available on the IR side of the company where the entire material is available for download. It is also possible to download the presentation using the chat icon. I would like to remind you that the broadcast of this video conference is being done with simultaneous translation using the tool available in the platform. For that end, just click on the Interpretation icon via the globe icon that is in the lower part of your screen, and then choose the language of your choice either Portuguese or English.
For those of you listening to this video conference in English, you have the option to mute the original audio in Portuguese by clicking mute original audio. During the company’s presentation, all participants will have their microphones disabled. After that, we will initiate the Q&A session. Analysts and investors can send in their questions in advance using the Q&A and you can open your video if you so desire. Business outlook and goals of this presentation are based on beliefs and assumptions of the company’s management as well as information currently available. Forward looking statements are not guarantees of performance and depend on circumstances that may or may not occur. Investors should understand the general economic conditions, market conditions and other operating factors could affect the future results of the company and may differ substantially from those expressed in such forward-looking statements.
Now, I would like to turn the floor to Gustavo Werneck to initiate the presentation. Gustavo, you may proceed.
Gustavo Werneck : Hello everyone. I hope you are well, and thank you for the opportunity to meet with us during this video conference to discuss Gerdau’s results for the first quarter of 2024. I’m joined by our CFO, Rafael Japur and it’s always a pleasure for both of us to talk to you about our performance and to clarify any points that may arise during our presentation. I’ll start by talking about the macro business environment about the highlights of the overall results and then I will detail the performance of our business operations in the quarter. Right after that, Japur will share with you some information on our financial performance. And finally, we’ll highlight some points from our sustainability agenda and then we’ll move on to our Q&A session.
But before we move on to the presentation of our results, on behalf of all of Gerdau’s employees, I would like to express our solidarity to the population Rio Grande do Sul, which is going through a very difficult period due to the intense and heavy rains that have hit the state since the beginning of the week. Gerdau as a company original from Rio Grande do Sul is providing all the assistance needed and we are supporting our employees and neighboring communities in mitigating the damages. The company maintains an open dialogue with the competent authorities and we will spare no efforts to stand side by side and meet the needs of the population in this challenging moment. Now, on the second slide, I would like to point out that we ended the first quarter of ‘24 with an accident frequency rate of 0.47, reinforcing our commitment to the people’s health and safety.
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