tiprankstipranks
Company Announcements

Tenaris Reports Decline in 2024 Financial Performance

Story Highlights
Tenaris Reports Decline in 2024 Financial Performance

Discover the Best Stocks and Maximize Your Portfolio:

Tenaris SA ( (TS) ) just unveiled an announcement.

Tenaris S.A. released its consolidated financial statements for the fiscal years 2024, 2023, and 2022. The company reported a decrease in net sales from $14.87 billion in 2023 to $12.52 billion in 2024, and a drop in income for the year from $3.96 billion in 2023 to $2.08 billion in 2024. This decline may impact the company’s financial standing and investor sentiment.

More about Tenaris SA

Tenaris S.A. operates in the manufacturing sector, focusing on the production of steel pipes and related services primarily for the energy industry.

YTD Price Performance: 2.77%

Average Trading Volume: 1,420,055

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $22.51B

See more insights into TS stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1