Tenaris (TS) Q2 2025 Earnings Call July 31, 2025 08:00 AM ET Company ParticipantsGiovanni Sardagna - Investor Relations DirectorPaolo Rocca - Chairman & CEOGabriel Podskubka - Chief Operating OfficerSebastian Erskine - Associate - Equity ResearchMarc Bianchi - Managing DirectorJ. David Anderson - Managing DirectorGuillermo Moreno - President - US OperationsKévin Roger - Head - Energy Equipment & ServicesCarlos Gómez Álzaga - CFOConference Call ParticipantsArun Jayaram - Research AnalystAlessandro Pozzi - OI ...

Tenaris (TS) Q2 2025 Earnings Call July 31, 2025 08:00 AM ET Speaker0Good day and thank you for standing by. Welcome to the Second Quarter twenty twenty five Denaris S. A. Earnings Conference Call. At this time, all participants are in a listen only mode.After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Giovanni Sardagna, Investor Relations Officer. Pl ...

Core Insights - Tenaris S.A. reported a revenue of $3.09 billion for the quarter ended June 2025, reflecting a decrease of 7.1% year-over-year, while EPS increased to $0.99 from $0.59 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $3.01 billion by 2.54%, and the EPS also surpassed the consensus estimate of $0.88 by 12.5% [1] Financial Performance Metrics - Tubes Sales volume for Seamless was 803.00 Kmt, exceeding the average estimate of 778.36 Kmt [4] - Total Tubes Sales volume reached 982.00 Kmt, slightly above the average estimate of 978.87 Kmt [4] - Welded Tubes Sales volume was 179.00 Kmt, below the average estimate of 200.50 Kmt [4] - Net sales for Tubes in North America were $1.4 billion, surpassing the average estimate of $1.26 billion, but showing a year-over-year decline of 0.5% [4] - Net sales for Tubes in Asia Pacific, Middle East, and Africa were $771 million, below the estimated $809.92 million, representing a 4.8% decline year-over-year [4] - Net sales for Tubes in Europe were $215 million, slightly above the average estimate of $208.36 million, but down 19.5% year-over-year [4] - Net sales for Tubes in South America were $531 million, below the average estimate of $566.22 million, reflecting an 8.8% decline year-over-year [4] - Revenues from Other segments were $166 million, exceeding the average estimate of $157.38 million, but down 34.4% year-over-year [4] - Total Revenues from Tubes were $2.92 billion, above the average estimate of $2.86 billion, but down 4.9% year-over-year [4] - Operating income from Other segments was $29 million, slightly below the average estimate of $32 million [4] - Operating income from Tubes was $554 million, in line with the average estimate of $551.36 million [4] Stock Performance - Tenaris shares returned +3.2% over the past month, compared to the Zacks S&P 500 composite's +3.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital d ...

LUXEMBOURG, June 18, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”, or the “Company”) announced today that the Company’s controlling shareholder, San Faustin S.A. (“San Faustin”), has notified the Company that, as a result of Tenaris’s open market repurchases of own shares under its share buyback program publicly announced on May 27, 2025, San Faustin has passively crossed a voting rights threshold triggering a notice requirement under the Luxembourg Transparency ...

Core Insights - The article emphasizes the importance of conducting thorough due diligence before making investment decisions, highlighting that past performance does not guarantee future results [3]. Group 1 - The content expresses that the author's opinions are personal and do not constitute investment recommendations [2]. - It is noted that the author has no financial positions in the companies mentioned, indicating a lack of conflict of interest [1]. - The article clarifies that the views expressed may not reflect those of the platform as a whole, underscoring the diversity of opinions among contributors [3].

Group 1 - Tenaris S.A. announced a Share Buyback Program covering up to USD 1.2 billion, with a non-discretionary buyback agreement with a primary financial institution [1][2] - The buyback program will be executed in compliance with applicable regulations, allowing purchases during closed periods [2] - The first tranche of the program will cover up to USD 600 million and will commence on June 9, 2025, ending no later than December 8, 2025 [3] Group 2 - Ordinary shares purchased under the program will be cancelled in due course, following the authority granted by the general meeting of shareholders held on May 6, 2025 [3] - Tenaris is recognized as a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [5]

Group 1 - Tenaris S.A. announced a share buyback program of up to $1.2 billion, representing approximately 74 million shares or 6.9% of its outstanding shares [1] - The buyback program is driven by significant cash flow generation and a strong balance sheet, with a maximum limit of 10% of the company's shares [2] - The program is expected to launch in June 2025 and will be executed through a primary financial institution [2] Group 2 - The buybacks may be paused or ceased at any time, subject to compliance with applicable laws and regulations [3] - Updates on the buyback program will be provided via press releases and on the Investors section of Tenaris's corporate website [3] - The buybacks will be conducted in compliance with the Market Abuse Regulation and other relevant regulations [3] Group 3 - Tenaris is a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [5]

Core Viewpoint - The article focuses on the recent Federal Reserve meeting, where it was decided to maintain interest rates unchanged, primarily due to the unclear impact of Trump's tariff policies on the U.S. economy and a stable job market. The market anticipates three rate cuts of 25 basis points each by the end of the year. Additionally, it highlights three dividend-paying companies for further investor research [5]. Group 1: Tenaris SA - Tenaris SA, a Luxembourg energy company, will distribute a dividend of $1.12 per share to shareholders registered by May 20 [7]. - The company has consistently increased its dividend since 2020, indicating potential for future dividend growth [9]. - Tenaris SA has a solid financial position, supporting its ability to maintain ongoing dividend payments [11]. Group 2: Artisan Partners Asset Management - Artisan Partners Asset Management has a dividend yield of approximately 8%, with its stock price showing signs of recovery [14]. - The ex-dividend date is May 16, with the payment date on May 21, aligning with Tenaris SA [14]. - The company has a dividend payout ratio of 80.33%, with an annualized dividend amount of $3.22 per share, indicating a strong commitment to returning value to shareholders [15]. Group 3: Universal Insurance Holdings - Universal Insurance Holdings has an ex-dividend date of May 9 and will pay dividends on May 16, demonstrating a history of stable dividend payments [18]. - The company's fundamentals are strong, and valuation models suggest a fair value increase of over 20% [21]. - The stock price is projected to test $51, indicating long-term potential for investors [17].

Core Points - Tenaris S.A. held its annual and extraordinary general meetings on May 6, 2025, where all resolutions on the agendas were approved [1] - Shareholders acknowledged the consolidated annual report for the year ended December 31, 2024, including financial and non-financial information, and approved the consolidated financial statements for the same period [2] - An annual dividend of US$0.83 per share was approved, totaling approximately US$0.9 billion, with a balance of US$0.56 per share to be paid on May 21, 2025 [3] - The number of directors was maintained at eleven, with re-appointments of existing board members and the election of audit committee members [4] - Compensation for board members for the year ending December 31, 2025, was approved, along with the appointment of Forvis Mazars as the statutory auditor for the fiscal year ending December 31, 2025 [5] - Authorization to purchase company shares was renewed, allowing the board to acquire shares under approved terms [6] - The extraordinary general meeting approved the cancellation of 90,762,598 ordinary shares, reducing the share capital from US$1,162,757,528 to US$1,071,994,930 [7]