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Brazilian steelmaker Gerdau's EBITDA 54% above estimates

SAO PAULO, Feb 24 (Reuters) - Brazil's Gerdau reported fourth-quarter net income of 1.057 billion reais ($194 million) on higher sales in Brazil and North America, the steelmaker said in a securities filing on Wednesday.

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of 3.056 billion reais was 54% above the 1.981 billion reais forecast by analysts, a Refinitiv Eikon poll showed.

($1 = 5.4399 reais) (Reporting by Paula Laier; writing by Ana Mano; editing by Jason Neely)