Gerdau S.A. Announces Net Income Of R$609 In Q3

Gerdau S.A. (NYSE: GGB): Net Sales reached R$ 8.2 billion in the 3Q10, 20% more than 3Q09, due to the higher shipments and, to a lesser extent, the higher net sales per ton sold.3Q10 EBITDA reached R$ 1.3 billion, compared to R$ 1.4 billion in 3Q09. The EBITDA margin reached 15% in the 3Q10, compared to 20% in the 3Q09.Net Income was R$ 609 million in the 3Q10, compared to a net income of R$ 655 million in the 3Q09, impacted by the lower operational income in relation to the comparison periods. Investments in fixed assets totaled R$ 298 million in the 3Q10. Gross Debt was R$ 14.3 billion on September 30th, 2010, representing 2.5x of the last twelve months EBITDA.