Gerdau reports steady fourth quarter profit as earnings meet expectations
Brazilian steelmaker Gerdau reported a slight rise in fourth-quarter profit on Monday. Earnings were largely in line with analyst expectations for the period.
Insights:
Brazilian steelmaker Gerdau S.A. reported on Monday that its fourth-quarter adjusted net profit rose by 0.5% year-on-year to 670 billion reais. The company, which is based in Brazil 
BR, also posted adjusted EBITDA of 2.37 billion reais for the final quarter of the year.
BR, also posted adjusted EBITDA of 2.37 billion reais for the final quarter of the year.
