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Tenaris S. A. - TS STOCK NEWS

Welcome to our dedicated page for Tenaris S. A. news (Ticker: TS), a resource for investors and traders seeking the latest updates and insights on Tenaris S. A. stock.

Tenaris S.A. (NYSE: TS) is a global leader in the manufacture and supply of steel pipes and related services, primarily targeting the energy industry. As one of the largest producers of oil country tubular goods (OCTG), Tenaris plays a crucial role in the construction of oil and gas wells. The company's production facilities are strategically located in the U.S., Argentina, Mexico, and Italy, enabling it to meet the demands of a global market.

Tenaris is renowned for its premium OCTG products, which are trusted by major oil companies for use in challenging applications, including deep-water offshore wells and horizontal shale wells. These high-performance products are essential for ensuring the safety and efficiency of oil and gas extraction processes.

In addition to its core business, Tenaris has achieved significant milestones and continues to expand its operations. The company's latest news reveals strong financial performance for the fourth quarter and annual results of 2023. Tenaris has also announced a new annual dividend proposal and the second tranche of its share buyback program, reflecting its commitment to delivering value to shareholders.

Looking ahead, Tenaris is well-positioned to capitalize on market opportunities, with a positive outlook for the upcoming quarters. The company's robust cash flow and liquidity further reinforce its financial stability, allowing it to invest in future growth and innovation.

For those interested in the latest updates and developments, Tenaris provides regular financial reports and hosts conference calls to discuss its performance. These events offer valuable insights into the company's strategies and market conditions, helping stakeholders stay informed about Tenaris's progress and prospects.

Overall, Tenaris S.A. stands out as a key player in the energy sector, delivering high-quality products and services that are essential for the industry's advancement. With a strong operational foundation and a forward-looking approach, Tenaris continues to thrive in a competitive global market.

News

Tenaris Announces 2024 First Quarter Results

Rhea-AI Summary
Tenaris S.A. announced its 2024 first quarter results, showing a 1% increase in net sales but a 35% decrease in net income compared to the same quarter last year. Despite lower OCTG prices in the Americas, the company's sales remained stable, with a positive net cash position of $3.9 billion. Demand for oil and gas continues to grow, but the company anticipates lower sales and margins in the second and third quarters due to declining OCTG prices in the Americas.
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Tenaris Files 2023 Annual Report on Form 20-F

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Tenaris S.A. files its Annual Report on Form 20-F for 2023 with the SEC, showcasing its performance in the energy industry and industrial applications.
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Tenaris Files 2023 Annual Report, 2023 Sustainability Report, and Convenes the Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders

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Tenaris S.A. files its 2023 Annual Report and Sustainability Report, including financial and non-financial information. The reports are available on various platforms. The company will hold its Annual General Meeting of Shareholders on April 30, 2024.
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Tenaris to Commence a USD 300 million Second Tranche of its USD 1.2 Billion Share Buyback Program

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Tenaris S.A. announced a non-discretionary buyback agreement with a primary financial institution as part of its Share Buyback Program, covering up to $1.2 billion to cancel acquired ordinary shares. The buyback agreement will run from February 26, 2024, to May 24, 2024, with shares purchased under the Program to be cancelled. The purchases will comply with regulations, including the Market Abuse Regulation 596/2014.
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Tenaris Announces 2023 Fourth Quarter and Annual Results

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Tenaris S.A. announces strong financial results for Q4 2023 and full year 2023, showcasing growth in net sales, operating income, and net income. The company's performance was driven by increased sales volumes, acquisitions, and favorable market conditions. Tenaris plans to propose a dividend and continue its share buyback program in 2024.
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Completion of First Tranche of Tenaris Share Buyback Program. Weekly Report (January 8 – January 12, 2024)

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Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) has announced the completion of the first tranche of its Share Buyback Program, purchasing 17,779,302 ordinary shares for a total consideration of €276,201,768, or US$300 million. The company intends to cancel all shares purchased under the Program and the second tranche is expected to begin on February 26, 2024.
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Tenaris Completes Acquisition of Pipe Coating Business Unit of Mattr

Rhea-AI Summary
Tenaris S.A. (NYSE: TS, EXM Italy: TEN) has completed the acquisition of Mattr's pipe coating business unit for US$182.6 million, including estimated working capital and US$16.9 million in cash. The acquisition encompasses nine plants across multiple countries, world-class R&D facilities, and a wide IP/product portfolio.
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Tenaris to Commence a USD 300 million First Tranche of its USD 1.2 Billion Share Buyback Program

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Tenaris S.A. has announced a Share Buyback Program of up to $1.2 billion. The program will be executed in the open market with the intention of canceling the acquired shares. Tenaris has entered into a buyback agreement with a primary financial institution, which will make independent trading decisions. The first tranche of the program will start on November 6, 2023, and end by February 9, 2024. Ordinary shares purchased will be canceled.
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Tenaris Announces 2023 Third Quarter Results

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Tenaris S.A. announced its results for the third quarter of 2023, reporting a 21% decline in net sales compared to the same quarter last year. Operating income decreased by 32% and net income decreased by 52%. Earnings per share and per ADS also declined by 52%. The company's EBITDA decreased by 29% with a margin of 31.0% of net sales. The decline in sales was attributed to activity and price declines in the Americas, lower shipments to offshore projects, and lower sales in market segments such as European mechanical products.
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Tenaris announces new central securities depository and ISIN code

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Tenaris announced a change in its depository structure and the appointment of a new principal agent. The shares' ISIN code will also change. The changes will not impact the listing terms or rights attached to Tenaris's shares or ADRs.
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FAQ

What is the current stock price of Tenaris S. A. (TS)?

The current stock price of Tenaris S. A. (TS) is $37.42 as of November 22, 2024.

What is the market cap of Tenaris S. A. (TS)?

The market cap of Tenaris S. A. (TS) is approximately 21.3B.

What does Tenaris S.A. specialize in?

Tenaris S.A. specializes in manufacturing and supplying steel pipes and related services, primarily for the energy industry.

Where are Tenaris's production facilities located?

Tenaris's production facilities are primarily located in the U.S., Argentina, Mexico, and Italy.

What are Oil Country Tubular Goods (OCTG)?

Oil Country Tubular Goods (OCTG) are steel pipes used in the construction of oil and gas wells, essential for safe and efficient extraction.

What recent achievements has Tenaris announced?

Recent achievements include strong financial results for the fourth quarter and annual results of 2023, a new annual dividend proposal, and a second tranche of its share buyback program.

How does Tenaris support its stakeholders with updates?

Tenaris provides regular financial reports and hosts conference calls to discuss performance, strategies, and market conditions, offering valuable insights to stakeholders.

What makes Tenaris's OCTG products reliable?

Tenaris's premium OCTG products are trusted by major oil companies for their reliability in challenging applications, including deep-water offshore and horizontal shale wells.

What is the financial condition of Tenaris?

Tenaris has a robust cash flow and liquidity, ensuring financial stability and enabling future growth and innovation investments.

What outlook does Tenaris have for the future?

Tenaris has a positive market outlook for upcoming quarters, with continued growth and expansion opportunities in the energy sector.

How can shareholders stay updated on Tenaris's developments?

Shareholders can stay updated through Tenaris's financial reports, conference calls, and news releases available on the company's website.

What is Tenaris's approach to delivering shareholder value?

Tenaris demonstrates a commitment to delivering shareholder value through strong financial performance, dividend proposals, and share buyback programs.

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Tenaris S. A.

NYSE:TS

TS Rankings

#531 Ranked by Market Cap
#1057 Ranked by Dividends

TS Stock Data

21.33B
554.13M
9.67%
0.57%
Oil & Gas Equipment & Services
Energy
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