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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Gerdau S.A.
Type
Sociedade Anônima
Traded as BM&F Bovespa: GGBR3, GGBR4
NYSE: GGB
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Industry Iron and steel
Founded 1901
Headquarters Porto Alegre, RS, Brazil
Key people
Jorge Gerdau Johannpeter, (Chairman)
André Bier Gerdau Johannpeter, (CEO)
Products Long steel, specialty steel, flat steel, and other steel products
Revenue Increase US$10.9 billion (2016)
Net income
Increase US$684 million (2015)
Number of employees
45,000(2013)
Website www.gerdau.com

Gerdau, headquartered in Porto Alegre, the capital and largest city in the Brazilian state of Rio Grande do Sul, is the largest producer of long steel in the Americas, with steel mills in Brazil, Argentina, Canada, Chile, Colombia, Dominican Republic, Guatemala, India, Mexico, Peru, United States, Uruguay and Venezuela. It also holds a 40% stake in the Spanish company Sidenor. Currently, Gerdau has an installed capacity of 26 million metric tons of steel per year and offers steel for the civil construction, automobile, industrial, agricultural and various sectors.

Gerdau is also the world’s 14th largest steelmaker

. It has 337 industrial and commercial units and more than 45,000 employees across 14 countries.

Gerdau was founded by Johannes Heinrich Kaspar Gerdau, known as João Gerdau, a German migrant who left the port of Hamburg for Rio Grande do Sul, in Brazil, in 1869 in search of new business opportunities. He arrived at the port of Rio Grande, Rio Grande do Sul and, at only 20 years of age, established himself in Colônia de Santo Ângelo (now the town of Agudo), where he invested in trade, transport and the subdivision of land. He moved to the town of Cachoeira do Sul in 1884, where he founded an important General Store. Always seeking new opportunities, João Gerdau moved again, this time to Porto Alegre, with his wife Alvine Gerdau and his three children, Hugo, Walter and Bertha. There he went into industry, buying the Pontas de Paris Nail Factory in 1901 marking the entry into steel industry.

Curt Johannpeter's entry into the Gerdau family marked the beginning of a new direction for the company. Born in Germany in 1899, Curt Johannpeter made his career in finance. In 1922 he began to work for the German Transatlantic Bank, a subsidiary of Deutsche Bank. In 1930 he became the branch inspector for Portugal, Spain and Latin America, and in the same year was introduced to the young Helda Gerdau during a trip to Brazil. They married and had four sons: Germano, Klaus, Jorge and Frederico. In 1946, Johannpeter took the wheel of the Gerdau company and oversaw a critical phase in its expansion.

Gerdau's core business is to transform steel scrap and iron ore into steel products.

Gerdau is a leading producer of long steel in the Americas and one of the largest suppliers of special steel in the world. It is the largest recycler in Latin America and around the world it transforms, each year, millions of metric tons of scrap into steel, reinforcing its commitment to sustainable development in the regions where it operates. With more than 140,000 shareholders, the Company is listed on the stock exchanges of São Paulo, New York and Madrid.

Its operations are based on the integrated regional market mill concept by which raw materials are bought from nearby suppliers and products are primarily sold in the same region. This brand of by-product synergy led to the acquisition of Chaparral Steel in 2007, a company which has been noted for creating interchange between head management and workers and deliberately employs a maximum of 1000 people (the size of a village). Gerdau operates through three different processes:

Gerdau produces long carbon steel, long special steel, flat steel and forged and cast parts. These products are used in different sectors, such as industry, metallurgy, farming and livestock, civil construction, automotive industries, petrochemicals, railway and naval sectors, in addition to orthodontic, medical and food areas. Gerdau is also the main supplier of specialty steel for the international automotive network.

Long before its possibilities of expansion on the Brazilian market were exhausted, Gerdau had established strategies for external expansion, starting at the end of the 1970s. Their fundamental objectives were to conquer the U.S. market. Based on limited international experience managing a mini mill plant in Uruguay for almost a decade, the group first aimed at the North American market for long steel, starting with Canada. Later, after a decade of experience in conditions that were radically different than those existing in Uruguay (the location of its first foreign venture), Gerdau entered the U.S. market. Entry into North America was complemented by other ventures in all of Latin America, from Chile and Argentina to Mexico and the Caribbean. The North American experience, like the Brazilian, demonstrated the strategic necessity to enter new markets such as Europe (with special steels) and Asia (with long steel and final structures of special steel)

Gerdau is spread globally across 13 countries with its integrated and semi-integrated steel mills. Apart from steel mills, Gerdau also has downstream processing facilities.

Offices: Gerdau has its major offices at Porto Alegre, São Paulo, Tampa, Whitby, Polanco, Lima, Caracas, Bogota, Jackson and Bangalore.

Brazil Business Division: Gerdau has two Brazil business divisions divided as Mining Americas and Steel Brazil

Special Steel Business Division: Gerdau produces specialty steel especially for the automotive industry through its special steel divisions, Special Steel North America, Special Steel Brazil, and Special Steel India.

Latin America Business Division: Gerdau produces most of the long and flat products at Latin America North, Colombia, Mexico, Sizuca (Venezuela), Latin America South, Argentina, Chile, Peru and Uruguay

Werlang, William. A Família de Johannes Heinrich Kaspar Gerdau: Um estudo de caso sobre an industrialização no sul do Brasil Dissertação de Mestrado defendida em 1999. MILA. UFSM

Investment goal date:
Dividends reinvested
Gerdau S.A. GGB report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-05
--
--
Q4 2017
2018-03-07
--
--
Q4 2017
2018-02-20
--
--
Q3 2017
2017-11-08
--
--
Q3 2017
2017-11-08
0.0000
0.0300
Q2 2017
2017-08-09
0.0400
0.0100
Q1 2017
2017-05-04
0.4800
0.1500
Q4 2016
2017-02-23
-0.1200
-0.5500
Q3 2016
2016-11-14
0.0500
0.0100
Q2 2016
2016-08-10
0.1600
0.0200
Q1 2016
2016-05-05
0.0100
0.0000
Q4 2015
2016-03-15
-0.0200
-0.4700
Q3 2015
2015-10-29
0.1100
-0.3100
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BANK OF AMERICA CORP /DE/
5409654
BlackRock Inc.
4655832
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
7121624
CREDIT SUISSE AG/
3295645
DIMENSIONAL FUND ADVISORS LP
24841632
Fairpointe Capital LLC
21554637
Horseman Capital Management Ltd
4008623
INDUS CAPITAL PARTNERS, LLC
3135193
JPMORGAN CHASE & CO
5811420
MORGAN STANLEY
3420226
OAKTREE CAPITAL MANAGEMENT LP
6034789
PARAMETRIC PORTFOLIO ASSOCIATES LLC
4868015
RENAISSANCE TECHNOLOGIES LLC
13100799
RUSSELL FRANK CO/
4829941
Vanguard Group, Inc
10459948
Major Shareholders
Name Relationship
Total Shares
Holding stocks