Tenaris Stock Price, News & Analysis

Tenaris (NYSE: TS) has announced a significant share buyback program of up to $1.2 billion, representing approximately 74 million shares or 6.9% of outstanding shares. The program, approved by the Board of Directors, will be executed within a year with the intention to cancel the repurchased shares.

The buyback initiative is driven by Tenaris's strong cash flow generation and robust balance sheet. The program will operate under the authority granted at the May 6, 2025 annual general meeting, with a maximum limit of 10% of company shares. Set to launch in June 2025, the buybacks will be executed through a primary financial institution and may be adjusted based on market conditions and regulatory compliance.

Tenaris reported its Q1 2025 financial results with net sales of $2.92 billion, showing a 3% increase from Q4 2024 but a 15% decrease year-over-year. The company's operating income reached $550 million, while net income stood at $518 million.

Key performance highlights include:

• EBITDA of $696 million with a 23.8% margin
• Strong free cash flow of $647 million
• Net cash position increased to $4.0 billion
• Tubes segment sales volume reached 987,000 metric tons

The company maintained stability despite market challenges, with seasonal volume increases in Canada and higher onshore sales in the USA offsetting lower OCTG premium product sales in Mexico, Turkey, and Saudi Arabia. Looking ahead, Tenaris expects Q2 sales to show a small increase as average selling prices recover, with EBITDA margins projected to remain in line with Q1 levels.

Tenaris (NYSE: TS) has announced the filing of its 2024 Annual Report and Form 20-F with various securities regulators, including the Luxembourg Stock Exchange, SEC, and other markets where its securities are listed. The comprehensive report includes consolidated management reports, financial statements, and sustainability information for the year ended December 31, 2024.

The company has also announced two upcoming shareholder meetings scheduled for May 6, 2025: an Annual General Meeting at 10:00 CET, followed immediately by an Extraordinary General Meeting. Key documents including the meeting agendas, voting procedures, compensation report, and board reports will be made available on Tenaris's website and through regulatory channels.

Tenaris (NYSE: TS) has successfully completed its USD700 million Share Buyback Program that ran from November 11, 2024, to March 4, 2025. During this period, the company purchased 36,862,132 ordinary shares, representing 3.17% of the total issued share capital, for a total consideration of €668,198,121.

As of March 4, 2025, Tenaris holds 90,762,598 ordinary shares in treasury (including 53,900,466 shares from a previous USD 1.2 billion buyback program), equivalent to 7.81% of the total issued share capital. The company plans to cancel the treasury shares purchased under this latest program.

Tenaris (NYSE: TS) reported its Q4 and full-year 2024 results. Q4 net sales showed resilience despite lower demand in Mexico, Argentina, and Saudi Arabia. The company's EBITDA declined 4% with margins supported by a favorable product mix. Net income increased due to a partial reversal of a provision related to Usiminas.

For full-year 2024, sales decreased 16% to $12.5 billion compared to 2023, primarily due to declining market prices for tubular products in the Americas and lower drilling activity. EBITDA declined to $3.1 billion, affected by a $107 million provision. Net income was $2.1 billion, representing 17% of net sales.

The company maintained a strong financial position with a net cash position of $3.6 billion. Free cash flow amounted to $2.2 billion in 2024. The board proposed an annual dividend of $0.83 per share. Looking ahead, Tenaris expects Q1 2025 sales and EBITDA to remain in line with Q4 2024, with moderate growth anticipated in Q2 2025.

Tenaris has been named ExxonMobil's 2024 Supplier of the Year, recognizing their exceptional performance, competitiveness, and adherence to high standards. ExxonMobil's Vice President of Procurement highlighted Tenaris's superior global performance, particularly in Guyana and the Permian region.

As a long-term supplier, Tenaris provides OCTG solutions and services to ExxonMobil's US upstream operations through their Rig Direct® mill-to-well model. The company also supports ExxonMobil's worldwide drilling projects, including offshore and deepwater exploration. The award considered various attributes including competitiveness, service quality, delivery commitments, sustainability, and safety performance.

Tenaris, with revenues of US $14.9 billion in 2023 and approximately 29,000 employees globally, operates an integrated network of steel pipe manufacturing facilities across multiple continents.

Tenaris announced that the Brazilian Superior Court of Justice (SCJ) rejected a motion filed by its subsidiary Confab and Ternium's subsidiaries regarding a June 18, 2024 decision. The court ordered the T/T Group to pay an indemnification to Companhia Siderúrgica Nacional (CSN) related to their 2012 Usiminas participation acquisition.

The SCJ modified the monetary adjustment mechanism and capped attorney's fees, reducing the potential payment. As of November 30, 2024, Confab's revised potential payment would be approximately BRL548 million ($90 million). Tenaris maintains that CSN's claims are unsupported and plans to continue appealing the decision.

Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) has announced that its share buyback program has reached a significant milestone. As of November 20, 2024, the company's treasury holdings of repurchased ordinary shares have reached 5.01% of total voting rights. The company confirms that these repurchased shares are currently held in treasury with suspended voting rights and will be cancelled in the future. Details of share buyback transactions can be found on the company's investor relations website.