Tenaris SA (TS) Stock

LUXEMBOURG, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (listed on NYSE and Mexico: TS and EXM Italy: TEN) announced that the Brazilian Superior Court of Justice (SCJ) has today released its unanimous ruling to deny a request for clarification made by Tenaris's subsidiary Confab, along with Ternium's subsidiaries Ternium Investments and Ternium Argentina. This request aimed to overturn the SCJ's decision from June 18, 2024, which required the T/T Group to compensate Companhia Siderúrgica Nacional (CSN) related to their 2012 investment in Usiminas.

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LUXEMBOURG, Nov. 10, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) has revealed that it has started its USD700 million Share Buyback Program, which was announced on November 6, 2024. This program will take place in the open market, and Tenaris has signed a non-discretionary buyback agreement with a leading financial institution.

Tenaris S.A. (NYSE:TS) will hold its Q3 2024 Earnings Conference Call on November 7, 2024, at 8:00 AM ET. The call will feature company representatives including Giovanni Sardagna, Paolo Rocca, Alicia Mondolo, Gabriel Podskubka, and Luca Zanotti. Participants from various financial institutions will also join the call.

The financial and operational details in this press release come from unaudited condensed interim financial statements, which are in U.S. dollars and follow International Financial Reporting Standards (IFRS) set by the International Accounting Standards Board and accepted by the European Union. This press release also features non-IFRS performance measures such as EBITDA, Free Cash Flow, Net cash/debt, and Operating working capital days. For more information on these alternative performance measures, please refer to exhibit I.

In addition to looking at analysts' estimates for Tenaris's revenue and profit, it's important to assess predictions for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in September 2024.

Tenaris S.A. is a worldwide leader in making steel pipes for the oil and gas sector, although it doesn't get much attention. The company is also expanding into areas like geothermal energy, hydrogen, and carbon capture storage. With a strong financial position and highly efficient operations, Tenaris consistently produces billions in free cash flow, regardless of market conditions.

LUXEMBOURG, Aug. 04, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (listed on NYSE and Mexico as TS and on EXM Italy as TEN) has announced that it has finished the fourth and final part of its USD1.2 billion Share Buyback Program, which was revealed on November 1, 2023.

The financial and operational details in this press release come from unaudited condensed interim financial statements, which are in U.S. dollars and follow International Financial Reporting Standards (IFRS) set by the International Accounting Standard Board and accepted by the European Union. This press release also features non-IFRS performance measures such as EBITDA, Free Cash Flow, Net cash/debt, and Operating working capital days. For more information on these alternative performance measures, please refer to exhibit I.