Financial Performance - For the year, Tenaris reported EBITDA of 3.1billion,netincomeof2.1 billion, and net sales of 12.5billion,withfreecashflowof2.2 billion distributed to shareholders through dividends and share buybacks [23]. - The company proposed a 38% increase in the annual dividend per share compared to the previous year, while maintaining a net cash position of 3.6billion[23].−Thecompany’sdividendpaymentsdependontheoperationalresultsandfinancialconditionofitssubsidiaries,whichcouldberestrictedbylegalorcontractuallimitations[131].−Thecompany’sabilitytopaydividendsissubjecttoLuxembourglaw,whichrequiresdividendstobepaidoutofnetprofitsandretainedearnings[133].OperationalDevelopments−TenarishasstrengtheneditsservicedifferentiationinNorthAmerica,providing24/7digitalwellintegritysolutionsandextendingitsrangeofWedgeSeries400™connections[24].−Thecompanycompletedseveralinvestmentsaimedatimprovingoperationalefficiencyandreducingenvironmentalimpact,includingnewelectricarcfurnacesandmodernizationoffacilities[30].−TenarisisadvancingitstargettoreducecarbonemissionsandisconstructingasecondwindfarminArgentinatoincreaserenewableenergyusage[32].−TenarisisexpandingitsRigDirectservicesglobally,integratingoperationswithcustomerstoreducecostsandimproveefficiency[155].MarketPositionandStrategy−Thecompanyreceivedthe2024supplieroftheyearawardfromExxonMobilforitssupplychainintegrationeffortsandhassecuredlong−termagreementsforUSshaleoperations[25].−Tenarisestablishedaleadingpositionin20KprojectsintheUSdeepwater,withawardsfromShellandBPforcasingsupplyandproducttesting[26].−ThecompanyconsolidateditspositionintheGuyana−SurinamebasinbysupplyinglinepipeandinsulationcoatingforTotal′sGranMorgudevelopment[27].−InSaudiArabia,TenariswonatenderforamajorCCSpipelineandextendeditslong−termagreementwithADNOCinAbuDhabi[28].RegulatoryandEnvironmentalChallenges−ThecompanyfacesincreasedregulatoryrequirementsrelatedtoGHGemissions,includingtheEUCarbonBorderAdjustmentMechanismadoptedonMay17,2023,whichcouldaffectdemandforitsproducts[56].−TheSECadoptedclimate−relateddisclosurerulesinMarch2024,whichwouldrequireexpandedclimate−relateddisclosures,althoughimplementationwasvoluntarilystayed[57].−Thecompanyisexposedtophysicalrisksfromclimatechange,includingextremeweathereventsthatcoulddisruptoperationsandfinancialresults[61].−ThecompanyfacesregulatoryuncertaintiesinMexicoduetorecentconstitutionalreformsimpactingenergysupplyandcoststructure[80].EconomicandGeopoliticalFactors−Thecompanyissignificantlyimpactedbythevolatilityininternationaloilandgasprices,whichaffectssalesandprofitability[53].−TheUnitedStatesimposeda251.8 billion investment, featuring a seamless mill with a capacity of 757,000 tons per year [180]. - The company operates an integrated network of steel pipe manufacturing, research, finishing, and service facilities across the Americas, Europe, the Middle East, Asia, and Africa [141].
Tenaris S.A.(TS)2025-04-01 19:49