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Tenaris SA (TS)
NYSE:TS
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.69Last Year’s EPS
1.92Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 7.42%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed scenario for Tenaris, with strong EBITDA growth and strategic investments highlighted against a backdrop of declining sales and pricing challenges. The company is returning significant value to shareholders through dividends and buybacks, and is strategically positioned for future growth with key investments and contracts. However, immediate challenges such as declining sales, pricing pressures, and payment delays in Mexico were noted.Company Guidance
In Tenaris S.A.'s Q3 2024 earnings call, the company provided detailed guidance on several financial metrics and strategic initiatives. The sales for the third quarter reached $2.9 billion, reflecting a 10% decrease compared to the previous year and a 12% decline sequentially, primarily due to lower prices and demand in key markets such as the USA, Mexico, and Saudi Arabia. Despite this, the EBITDA improved by 6% sequentially to $688 million, attributed to the absence of an extraordinary provision recorded in the prior quarter. The EBITDA margin stood at 23.6%. Tenaris also reported an operating cash flow of $552 million, capital expenditure of $179 million, and a resulting free cash flow of $373 million. The company maintained a robust net cash position of $4 billion at the quarter's end after share buybacks amounting to $182 million. The Board approved an interim dividend of $0.27 per share, a 35% increase from the previous year, and authorized a $700 million share buyback to be executed over the next five months. Additionally, the company highlighted its strategic investments in plant modernization and environmental improvements, as well as its expanding collaborations in complex offshore projects, which are expected to bolster its order backlog through 2025 and 2026.Increased EBITDA and Strong Free Cash Flow
EBITDA for the quarter was up 6% sequentially to $688 million. Free cash flow for the quarter was $373 million.
Significant Cash Position and Shareholder Returns
Net cash position amounted to $4 billion at the end of the quarter. The Board approved a 35% increase in interim dividend to $0.27 per share and a share buyback of $700 million.
Strategic Investments and Operational Advances
Completion of a significant cycle of investment in plant maintenance and modernization, including automation and environmental improvements in the U.S. steel shop.
Expansion in Offshore Projects
Secured multiple contracts in offshore projects across Guyana, Brazil, and West Africa, enhancing order backlog for 2025 and 2026.
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TS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $36.00 | $36.88 | +2.44% |
| Jul 31, 2024 | $31.38 | $28.36 | -9.62% |
| Apr 25, 2024 | $36.01 | $33.33 | -7.44% |
| Feb 21, 2024 | $31.36 | $33.80 | +7.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tenaris SA (TS) report earnings?
Tenaris SA (TS) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Tenaris SA (TS) earnings time?
Tenaris SA (TS) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TS EPS forecast?
TS EPS forecast for the fiscal quarter 2024 (Q4) is 0.69.
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