Gerdau AmeriSteel Corp. (GNA)

[eastunder]

Q4 Adj EPS (9c) vs ($3.08) Misses 2c Est

Thursday , February 25, 2010 08:37ET

QUARTER RESULTS
Gerdau Ameristeel Corp (GNA) reported Q4 results ended December 2009. Q4 Revenues were $975.93M; -32.07% vs yr-ago; MISSING revenue consensus by -7.16%. Q4 EPS was (11c). Adjusted Q4 EPS was (9c); +97.08% vs yr-ago; MISSING earnings consensus by -550.00%.

Q4 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $975.93M    $1,436.60M     -32.07%    $1,051.17M      -7.16% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (11c)           N/A         N/A           N/A         N/A 
 Adj EPS:            (9c)       ($3.08)     +97.08%            2c    -550.00% 
 ----------  ------------  ------------  ----------  ------------  ----------

YEAR-END RESULTS
Co. also reported Year-End results ended December 2009. FY Revenues were $4,195.72M; -50.80% vs yr-ago; MISSING revenue consensus by -1.70%. FY EPS was (37c). Adjusted FY EPS was (17c); +89.82% vs yr-ago; MISSING earnings consensus by -6.25%.

FY RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:     $4,195.72M    $8,528.48M     -50.80%    $4,268.10M      -1.70% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (37c)           N/A         N/A           N/A         N/A 
 Adj EPS:           (17c)       ($1.67)     +89.82%         (16c)      -6.25% 
 ----------  ------------  ------------  ----------  ------------  ----------