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Tenaris SA (TS)
NYSE:TS
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.78Last Year’s EPS
1.27Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -14.69%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Tenaris. While the company reported strong financial results, strategic achievements, and investments in efficiency and decarbonization, these were offset by significant challenges such as decreased sales, a tragic accident, and geopolitical uncertainties. The overall sentiment is balanced, reflecting both positive achievements and notable challenges.Company Guidance
During the fourth quarter of 2024, Tenaris reported sales of $2.8 billion, marking a 17% decrease compared to the same period in the previous year and a 2% decline sequentially. This decline was primarily due to reduced volumes and lower average selling prices, especially in North America, although a favorable product mix helped offset these impacts. The company's EBITDA rose by 6% sequentially to $726 million, with an increased EBITDA margin of 25.5%, largely due to the partial reversal of a litigation provision related to the Usiminas acquisition. Excluding this one-off effect, EBITDA fell by 4% sequentially to $659 million, with a margin of 23%. The average selling prices in the tubes operating segment fell by 7% year-over-year and 1% sequentially. Tenaris's cash flow from operations was $492 million, and its net cash position decreased to $3.6 billion due to $299 million in interim dividends, $454 million in share buybacks, and $182 million in capital expenditures. The company proposes an annual dividend of $0.83 per share, which includes the previously paid interim dividend. In 2024, Tenaris achieved an EBITDA of $3.1 billion and net income of $2.1 billion on $12.5 billion in net sales, with free cash flow totaling $2.2 billion, all of which was returned to shareholders through dividends and buybacks.Strong Financial Results and Shareholder Returns
2024 ended with an EBITDA of $3.1 billion and net income of $2.1 billion on net sales of $12.5 billion. Free cash flow was $2.2 billion, all of which was distributed to shareholders through dividends and share buybacks. The proposed annual dividend per share increased by 38% over the previous year.
Strategic Achievements and Awards
Tenaris strengthened its industry position with significant awards and technological advancements. Notably, ExxonMobil honored Tenaris with the 2024 Supplier of the Year Award, and the company secured contracts for major projects with Shell, BP, and Total.
Middle East Market Expansion
Tenaris secured a major CCS pipeline project in Saudi Arabia and extended a long-term agreement with ADNOC in Abu Dhabi. These achievements demonstrate strong market presence and strategic growth in the Middle East.
Investments in Industrial Efficiency and Decarbonization
Completed investments to improve industrial efficiency, including a new electrical furnace in Argentina, modernization of the US facility, and new installations in Italy. Progress was made towards decarbonization goals, including expanding renewable energy use.
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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 |
|---|---|---|---|
| Feb 19, 2025 | $38.88 | $38.61 | -0.69% |
| 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% |
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 Apr 30, 2025, TBA Not Confirmed.
What is Tenaris SA (TS) earnings time?
Tenaris SA (TS) earnings time is at Apr 30, 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 2025 (Q1) is 0.78.
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