Financial PerformanceTEN 3Q24 results beat consensus in EBITDA, Revenue, and Free Cash Flow, with a dividend raise to $0.27.
Market OutlookThe 2025 outlook appears more positive due to potentially increased protectionism and solid international demand for OCTG.
Strategic OpportunitiesTenaris's cash reserve of about $4 billion enables potential M&A activities while continuing to return significant cash to shareholders.