Gerdau S.A.

(NYSE:GGB)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Operating revenue
Total Revenue 7,493,650 6,949,665 5,116,687 4,558,906
Operating Revenue 7,493,650 6,949,665 5,116,687 4,558,906
Adjustments To Revenue — — — —
Cost Of Sales 4,696,972 4,806,357 3,613,036 3,247,498
Cost Of Sales With Depreciation 5,004,204 5,083,731 3,856,226 3,471,903
Gross Operating Profit 2,796,678 2,143,308 1,503,651 1,311,408
Operating Expenses
Research And Development Expenses — — — —
Selling General And Administrative Expenses 504,186 464,040 367,495 441,158
Advertising Expenses — — — —
Operating Income Before Depreciation 2,292,492 1,679,268 1,136,156 870,250
Operating Income 1,996,259 1,412,420 885,013 666,927
Depreciation 307,232 277,374 243,190 224,405
Depreciation Unreconciled — — — —
Amortization — — — —
Amortization Of Intangibles — — — —
Operating Income After Depreciation 1,985,260 1,401,894 892,966 645,845
Non Operating Expenses
Interest Expense 244,913 226,290 207,846 229,534
Pre Tax Income 1,231,170 1,735,904 781,519 587,234
Income Taxes 299,817 406,172 182,638 101,357
Minority Interest 257,501 162,935 142,446 121,495
Income Before Income Taxes 1,231,170 1,735,904 781,519 587,234
Net Income From Continuing Operations 673,852 1,166,797 456,435 364,382
Net Income From Discontinued Operations — — — —
Net Income From Total Operations 673,852 1,166,797 456,435 364,382
Non Recurring Events
Extraordinary Income Losses — — — —
Income From Cummulated Effect Of Accounting Changes — — — —
Income From Tax Loss Carryforward — — — —
Other Gains And Losses — — — —
Total Net Income 673,852 1,166,797 456,435 364,382
Normalized Income 673,852 1,166,797 456,435 364,382
NetIncome Available For Common 673,852 1,166,797 456,435 364,382
Preferred Dividends — — — —
Excise Taxes — — — —