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Tenaris S.A. - TS STOCK NEWS

Welcome to our dedicated news page for Tenaris S.A. (Ticker: TS), a resource for investors and traders seeking the latest updates and insights on Tenaris S.A..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tenaris S.A.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tenaris S.A.'s position in the market.

Rhea-AI Summary
Tenaris S.A. files its 2023 Annual Report and Sustainability Report, including financial and non-financial information. The reports are available on various platforms. The company will hold its Annual General Meeting of Shareholders on April 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
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Rhea-AI Summary
Tenaris S.A. announced a non-discretionary buyback agreement with a primary financial institution as part of its Share Buyback Program, covering up to $1.2 billion to cancel acquired ordinary shares. The buyback agreement will run from February 26, 2024, to May 24, 2024, with shares purchased under the Program to be cancelled. The purchases will comply with regulations, including the Market Abuse Regulation 596/2014.
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buyback
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Rhea-AI Summary
Tenaris S.A. announces strong financial results for Q4 2023 and full year 2023, showcasing growth in net sales, operating income, and net income. The company's performance was driven by increased sales volumes, acquisitions, and favorable market conditions. Tenaris plans to propose a dividend and continue its share buyback program in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.77%
Tags
earnings
Rhea-AI Summary
Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) has announced the completion of the first tranche of its Share Buyback Program, purchasing 17,779,302 ordinary shares for a total consideration of €276,201,768, or US$300 million. The company intends to cancel all shares purchased under the Program and the second tranche is expected to begin on February 26, 2024.
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Rhea-AI Summary
Tenaris S.A. (NYSE: TS, EXM Italy: TEN) has completed the acquisition of Mattr's pipe coating business unit for US$182.6 million, including estimated working capital and US$16.9 million in cash. The acquisition encompasses nine plants across multiple countries, world-class R&D facilities, and a wide IP/product portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
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acquisition
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Rhea-AI Summary
Tenaris S.A. has announced a Share Buyback Program of up to $1.2 billion. The program will be executed in the open market with the intention of canceling the acquired shares. Tenaris has entered into a buyback agreement with a primary financial institution, which will make independent trading decisions. The first tranche of the program will start on November 6, 2023, and end by February 9, 2024. Ordinary shares purchased will be canceled.
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buyback
Rhea-AI Summary
Tenaris S.A. announced its results for the third quarter of 2023, reporting a 21% decline in net sales compared to the same quarter last year. Operating income decreased by 32% and net income decreased by 52%. Earnings per share and per ADS also declined by 52%. The company's EBITDA decreased by 29% with a margin of 31.0% of net sales. The decline in sales was attributed to activity and price declines in the Americas, lower shipments to offshore projects, and lower sales in market segments such as European mechanical products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.7%
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earnings
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Rhea-AI Summary
Tenaris announced a change in its depository structure and the appointment of a new principal agent. The shares' ISIN code will also change. The changes will not impact the listing terms or rights attached to Tenaris's shares or ADRs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
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none
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Rhea-AI Summary
Tenaris S.A. is set to acquire Mattr's pipe coating business, Bredero Shaw International BV, for US$166 million. The deal includes nine plants across multiple countries, R&D facilities, and a wide IP/product portfolio. The transaction is subject to regulatory approvals and is expected to close in six months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
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acquisition
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.31%
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earnings
Tenaris S.A.

NYSE:TS

TS Rankings

TS Stock Data

23.00B
439.31M
11.41%
0.42%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
Link
Luxembourg
29 Avenue De La Porte Neuve

About TS

Tenaris S.A. is a global manufacturer and supplier of steel pipes and related services, primarily for the energy industry