South America was Gerdau’s largest region in fiscal 2023, bringing in $33.18B of $68.92B (48%).
| Geography | FY 2015 | FY 2016 | FY 2019 | FY 2021 | FY 2023 |
|---|---|---|---|---|---|
| South America | — | $33.18B | |||
| Brazil | $37.73B | $30.62B | |||
| North America | $32.04B | $5.12B | |||
| Latin America | $8.57B | — | |||
| Europe/Asia | — | — | |||
| Total | $78.35B | $68.92B |
Gerdau brought in $68.92B from its three regions in fiscal 2023, the year ended December 31, 2023. Gerdau regrouped these regions after fiscal 2021, so the total does not compare directly with that year's $78.35B. South America was the largest at $33.18B (48.1%), ahead of Brazil at $30.62B (44.4%) and North America at $5.12B (7.4%).
Compared with fiscal 2021, the previous year with figures, Brazil fell 18.9% to $30.62B and North America fell 84.0% to $5.12B.
Gerdau began breaking out South America in fiscal 2023, when it brought in $33.18B. Gerdau stopped reporting Latin America as a separate region after fiscal 2021, when it brought in $8.57B.
Operating Segments was Gerdau’s largest segment in fiscal 2023, bringing in $33.18B of $32.60B (102%).
| Segments [axis] | FY 2015 | FY 2016 | FY 2017 | FY 2019 | FY 2021 | FY 2023 |
|---|---|---|---|---|---|---|
| Operating Segments | $34.76B | $33.18B | ||||
| Eliminations & Adjustments | -$2.09B | -$576.31M | ||||
| Total | $32.67B | $32.60B |
Gerdau brought in $32.60B from its two segments in fiscal 2023, the year ended December 31, 2023. That is less than the $69.49B it reports by segment, so these segments do not cover all of its revenue. Operating Segments was the largest at $33.18B (101.8%).
The total is net of Eliminations & Adjustments, which took $576.31M off revenue in fiscal 2023.
North America was Gerdau’s largest segment in fiscal 2023, bringing in $33.18B of $69.49B (48%).
| Segment | FY 2015 | FY 2016 | FY 2017 | FY 2019 | FY 2023 |
|---|---|---|---|---|---|
| Brazil | $31.20B | ||||
| North America Operation | — | ||||
| North America | $33.18B | ||||
| Brazil Operation | — | ||||
| Special Steels Operation | — | ||||
| Special Steel | — | ||||
| South America | $5.12B | ||||
| South America Operation | — | ||||
| Total | $69.49B |
Gerdau brought in $69.49B from its three segments in fiscal 2023, the year ended December 31, 2023. North America was the largest at $33.18B (47.7%), ahead of Brazil at $31.20B (44.9%) and South America at $5.12B (7.4%).
Gerdau (GGB) reports its revenue by geography, by segments [axis] and by segment. In fiscal 2023, South America was its largest region, bringing in $33.18B (48.1% of the total), followed by Brazil at $30.62B (44.4%).
South America was Gerdau's largest region in fiscal 2023, bringing in $33.18B, or 48.1% of the $68.92B total across its three regions.
Operating Segments was Gerdau's largest segment in fiscal 2023, bringing in $33.18B, or 101.8% of the $32.60B total across its two segments.
Every figure comes from Gerdau's annual financial filings, as reported. Each line keeps the name Gerdau gives it, and years follow its fiscal calendar.
Gerdau's revenue by geography goes back to fiscal 2015, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.