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VALLOUREC TO SHOWCASE DELPHY, ITS INNOVATIVE HYDROGEN STORAGE SOLUTION, AT HYVOLUTION 2026
Globenewswire· 2026-01-23 06:00
Core Insights - Vallourec will showcase its innovative hydrogen storage solution, Delphy, at Hyvolution 2026, where it has been awarded the Innovation Award [1][4] Group 1: Company Overview - Vallourec is a global leader in premium seamless tubular solutions, focusing on energy markets and demanding industrial applications [5] - The company employs nearly 13,000 people across more than 20 countries, emphasizing innovation and R&D to provide advanced tubular solutions [5] Group 2: Product Details - Delphy is an underground hydrogen storage solution capable of storing up to 100 tons of hydrogen gas vertically, designed for high-pressure performance and safety [3] - The solution has been certified by Bureau Veritas and DNV, indicating its reliability and industry standards [3] Group 3: Strategic Partnerships - Vallourec has established partnerships with H2V, NextChem Tech, and Geostock to enhance its green hydrogen production and storage capabilities [3] Group 4: Event Participation - At Hyvolution 2026, Vallourec will engage with visitors at booth J50 and present technical talks on the hydrogen market and Delphy [5] - Keynote presentations and panel discussions featuring Vallourec experts are scheduled during the event [7]
VALLOUREC : DISCLOSURE OF TRADING IN OWN SHARES FROM 01/12/2026 TO 01/16/2026
Globenewswire· 2026-01-19 13:44
Core Viewpoint - Vallourec SA has initiated a share buyback program as authorized by its shareholders, aimed at enhancing shareholder value through the repurchase of its own shares [2][4]. Group 1: Share Buyback Program - The share buyback program was authorized during the Shareholders' General Meeting on May 22, 2025 [2]. - The total volume of shares repurchased from January 12 to January 16, 2026, amounted to 540,000 shares, with a daily weighted average purchase price of €17.1320 [3]. Group 2: Transaction Details - On January 12, 2026, Vallourec repurchased a total of 100,000 shares across multiple transactions, with prices ranging from €16.9982 to €17.0231 [3]. - On January 13, 2026, the company bought back 96,000 shares, with prices between €17.1592 and €17.1867 [3]. - On January 14, 2026, 100,000 shares were repurchased at prices from €17.0794 to €17.0952 [3]. - On January 15, 2026, Vallourec acquired 115,000 shares, with prices ranging from €17.2071 to €17.2339 [3]. - On January 16, 2026, the company repurchased 120,000 shares, with prices between €17.1395 and €17.1533 [3]. Group 3: Company Overview - Vallourec is a global leader in premium tubular solutions, serving energy markets and industrial applications, including oil and gas wells and high-performance mechanical equipment [4]. - The company employs nearly 13,000 people across more than 20 countries, focusing on innovative and competitive tubular solutions [4].
VALLOUREC : DISCLOSURE OF TRADING IN OWN SHARES FROM 01/08/2026 TO 01/09/2026
Globenewswire· 2026-01-12 17:19
DISCLOSURE OF TRADING IN OWN SHARES FROM 01/08/2026 TO 01/09/2026 Meudon (France), on January 12, 2026 Share buyback program (ISIN Code: FR0013506730) implemented in accordance with the authorization given by the Shareholders' General Meeting of Vallourec SA (LEI: 969500P2Q1B47H4MCJ34) on May 22, 2025 (ninth resolution). Day of the transaction Total daily volume (number of shares)Daily weighted average purchase price of the shares (€)Market Code 01/08/202677 00016,3881XPAR01/08/202638 000<td style="width: ...
VALLOUREC INITIATES A €200 MILLION SHARE BUYBACK AND TARGETS TOTAL SHAREHOLDER RETURN TO BE AT LEAST €500 MILLION BY AUGUST 2026
Globenewswire· 2026-01-07 17:00
Core Viewpoint - Vallourec has announced a €200 million share buyback program aimed at enhancing shareholder returns, targeting a total of at least €500 million by August 2026 [1][4]. Share Buyback Program - The share buyback will be executed through a mandate with an investment services provider and is set to conclude by June 30, 2026 [1]. - The repurchased shares will be used to cover part of the warrants issued by Vallourec, thereby mitigating dilution from their exercise [2]. Financial Strategy and Shareholder Returns - Vallourec plans to return approximately €300 million from the exercise of the warrants, along with 80-100% of 2025 cash generation not allocated for share buybacks, through an extraordinary interim dividend in Q3 2026 [4]. - The company does not intend to propose an annual dividend for 2025 at the annual shareholders' meeting in 2026 due to the expected extraordinary interim dividend [5]. - The shareholder returns are consistent with Vallourec's capital allocation policy, which maintains a leverage ratio of +/- 0.5x net debt to EBITDA and liquidity above €1 billion [5]. Management Commentary - Philippe Guillemot, Chairman and CEO, emphasized that this announcement aligns with Vallourec's goal to be a shareholder-friendly company and reflects the value potential of its stock [6].
AMENDMENT TO THE TERMS AND CONDITIONS OF THE WARRANTS
Globenewswire· 2025-12-01 17:01
AMENDMENT TO THE TERMS AND CONDITIONS OF THE WARRANTS Meudon (France), on December 1st, 2025 – Vallourec announces that holders of warrants (“BSA”) (ISIN code: FR00140030K7), held today a general meeting, under the chairmanship of Aether, representative of the warrant holders. With a quorum of 100 % of warrant holders present, represented, or having voted by correspondence, the BSA holders have approved unanimously the amendment to the terms and conditions of the BSA, provided in the 1st resolution, in orde ...
NATHALIE DELBREUVE IS APPOINTED AS CHIEF FINANCIAL OFFICER OF VALLOUREC AND JOINS THE EXECUTIVE COMMITTEE
Globenewswire· 2025-11-28 18:05
NATHALIE DELBREUVE IS APPOINTED ASCHIEF FINANCIAL OFFICER OF VALLOURECAND JOINS THE EXECUTIVE COMMITTEE Meudon (France), November 28, 2025 – Vallourec, a world leader in premium tubular solutions, announces today the appointment of Nathalie Delbreuve as Chief Financial Officer of the Group. She will join the Executive Committee and assume her new role as of December 1st, 2025. Nathalie Delbreuve was previously Chief Financial Officer of Verallia, the European leader and world’s third-largest producer of gla ...
VALLOUREC RECEIVES INVESTMENT GRADE RATING FROM MOODY'S AND S&P
Globenewswire· 2025-11-27 17:15
Core Insights - Vallourec has received Investment Grade ratings from Moody's, S&P Global, and Fitch, indicating robust financial health and improved cash generation capabilities [1][2][6] Group 1: Credit Ratings - Moody's upgraded Vallourec's issuer rating from Ba1 to Baa3, reflecting successful strategic transformation and cost reduction since 2022 [1][6] - S&P Global upgraded Vallourec's long- and short-term issuer credit ratings from BB+/B to BBB-/A-3, citing sustainable margin improvements and resilience despite macroeconomic uncertainties [1][6] Group 2: Strategic Outlook - The company anticipates continued cash conversion improvement as restructuring costs decrease, supporting profitable growth [2] - Investment Grade status enhances Vallourec's flexibility in optimizing its balance sheet and accessing debt capital markets under favorable conditions [2] Group 3: Company Overview - Vallourec is a leader in premium tubular solutions for energy markets and industrial applications, employing nearly 13,000 people across more than 20 countries [3] - The company focuses on innovative and competitive tubular solutions, catering to demanding environments and projects [3]
Vallourec Third Quarter 2025 Results
Globenewswire· 2025-11-14 06:30
Core Insights - Vallourec reported solid results for Q3 2025, with Group EBITDA margin reaching its highest level since Q1 2024, marking three consecutive years of around 20% EBITDA margin and positive cash generation [4][6][9] Financial Performance - Q3 2025 Group EBITDA was €210 million, a 12% increase sequentially, aligning with the midpoint of guidance [6] - EBITDA margin was strong at 23%, the highest since Q1 2024 [6] - Tubes EBITDA per tonne increased by over 25% sequentially to €621 [6] - Adjusted free cash flow was €69 million, with total cash generation of €67 million, and net debt reduced to €140 million [6] Market Dynamics - Robust demand in the US market, with stable customer drilling activity and improved market share, while imports are expected to slow due to higher steel tariffs [5][6] - A new Long-Term Agreement with Petrobras in Brazil is expected to expand market share and could generate up to $1 billion in revenue over four years [7] Strategic Initiatives - The company has made significant progress in crisis-proofing its business and achieving best-in-class profitability since the New Vallourec plan was announced in May 2022 [9] - The focus remains on improving return on invested capital and returning capital to shareholders, with proposed modifications to warrant terms for flexibility in shareholder returns [10] Future Outlook - Q4 2025 Group EBITDA is expected to range between €195 million and €225 million, with full-year EBITDA projected between €799 million and €829 million [4][6] - Production sold in Mine & Forest is expected to be around 1.4 million tonnes [6]
VALLOUREC – CONVENING OF THE GENERAL MEETING OF WARRANT HOLDERS
Globenewswire· 2025-11-14 06:29
Core Points - Vallourec has announced a general meeting for warrant holders to be held on December 1, 2025, to discuss the delivery of newly-issued or existing shares upon the exercise of warrants [1] - The current terms only allow for the delivery of newly-issued shares upon the exercise of the warrants [1] Company Overview - Vallourec is a global leader in premium tubular solutions for energy markets and industrial applications, employing nearly 13,000 people across more than 20 countries [3] - The company focuses on innovative, safe, competitive, and smart tubular solutions, catering to various demanding sectors including oil & gas and power generation [3] Stock Information - Vallourec is listed on Euronext Paris and is part of several indices including CAC Mid 60, SBF 120, and Next 150 [4] - The company has a sponsored Level 1 American Depositary Receipt (ADR) program in the United States, with a parity set at 5:1 between ADR and ordinary shares [4]
VALLOUREC ANNOUNCES MULTI MILLION DOLLAR INVESTMENT IN A NEW PREMIUM THREADING LINE IN YOUNGSTOWN, OHIO
Globenewswire· 2025-11-10 06:00
Core Insights - Vallourec announced a $48 million investment to expand operations in Youngstown, Ohio, as part of a broader commitment to U.S. manufacturing, totaling over $1.5 billion invested in the U.S. over the past 15 years [1][2]. Investment Details - The investment will create a new Premium Threading Line within Vallourec's existing operations, enhancing its competitive position in the Oil Country Tubular Goods (OCTG) market in the U.S. [2] - The new line will increase capacity to thread VAM® high-torque connections, which are increasingly utilized in onshore wells with long laterals [2]. Construction and Employment Impact - Construction began in July 2025 and is expected to be completed by early 2027, with no disruption to current operations [3]. - Once operational, the new line will create 40 full-time-equivalent positions and expand the local supply chain, supporting the regional energy industry [3]. Company Overview - Vallourec North America is a fully integrated supplier of 100% Made in America seamless tubes, focusing on high-performance tubular solutions for energy and industrial sectors [4]. - The company emphasizes a strong circular economy approach, manufacturing seamless tubes entirely from recycled scrap metal [4]. - Vallourec's North American headquarters are located in Houston, Texas, with its main production facility in Youngstown, Ohio, employing nearly 2,000 people in North America [5]. Leadership Statement - Philippe Guillemot, Group Chairman and CEO, highlighted that the expansion reflects Vallourec's long-term vision and commitment to the U.S. market, reinforcing the region's manufacturing legacy [6].