XML 85 R60.htm IDEA: XBRL DOCUMENT

EARNINGS PER SHARE (EPS) (Tables)

12 Months Ended

Dec. 31, 2023

EARNINGS PER SHARE (EPS)

Schedule of basic and diluted earnings per share

Basic


		2023
		Common		Preferred		Total

		(in thousands, except share and per share data)
Basic numerator
Allocated net income available to common and preferred shareholders		2,576,016		4,925,549		7,501,565
Basic denominator
Weighted-average outstanding shares, after deducting the average treasury shares (Refer to Note 24 for number of shares)		600,526,442		1,148,255,014

Earnings per share (in R$) — Basic		4.29		4.29


		2022
		Common		Preferred		Total

		(in thousands, except share and per share data)
Basic numerator
Allocated net income available to common and preferred shareholders		3,922,039		7,503,473		11,425,512
Basic denominator
Weighted-average outstanding shares, after deducting the average tresuary shares		600,526,442		1,148,900,801

Earnings per share (in R$) — Basic		6.53		6.53


		2021
		Common		Preferred		Total

		(in thousands, except share and per share data)
Basic numerator
Allocated net income available to common and preferred shareholders		5,198,011		10,296,100		15,494,111
Basic denominator
Weighted-average outstanding shares, after deducting the average tresuary shares		571,929,945		1,132,865,567

Earnings per share (in R$) — Basic		9.09		9.09

Diluted


		2023		2022		2021
Diluted numerator
Allocated net income available to Common and Preferred shareholders
Net income allocated to preferred shareholders		4,925,549		7,503,473		10,296,100
Add:
Adjustment to net income allocated to preferred shareholders in respect to the potential increase in number of preferred shares outstanding, as a result of long-term incentive plans of Gerdau.		16,037		20,898		26,192
		4,941,586		7,524,371		10,322,292

Net income allocated to common shareholders		2,576,016		3,922,039		5,198,011
Less:
Adjustment to net income allocated to preferred shareholders in respect to the potential increase in number of preferred shares outstanding, as a result of long-term incentive plans of Gerdau.		(16,489)		(20,898)		(26,192)
		2,559,527		3,901,141		5,171,819

Diluted denominator
Outstanding shares
Common Shares		600,526,442		600,526,442		571,929,945
Preferred Shares
Weighted-average number of preferred shares outstanding		1,148,255,014		1,148,900,801		1,132,865,567
Potential increase in number of preferred shares outstanding in respect of long-term incentive plan of Gerdau		11,159,835		9,371,523		8,633,716
Total		1,159,414,849		1,158,272,324		1,141,499,283

Earnings per share — Diluted (Common and Preferred Shares)		4.26		6.50		9.04