Share buyback program of up to USD 1.2 billion
Tenaris (NYSE: TS) has announced a significant share buyback program of up to $1.2 billion, representing approximately 74 million shares or 6.9% of outstanding shares. The program, approved by the Board of Directors, will be executed within a year with the intention to cancel the repurchased shares.
The buyback initiative is driven by Tenaris's strong cash flow generation and robust balance sheet. The program will operate under the authority granted at the May 6, 2025 annual general meeting, with a maximum limit of 10% of company shares. Set to launch in June 2025, the buybacks will be executed through a primary financial institution and may be adjusted based on market conditions and regulatory compliance.
Tenaris (NYSE: TS) ha annunciato un importante programma di riacquisto di azioni fino a 1,2 miliardi di dollari, che corrisponde a circa 74 milioni di azioni, pari al 6,9% delle azioni in circolazione. Il programma, approvato dal Consiglio di Amministrazione, sarà realizzato entro un anno con l’intenzione di annullare le azioni riacquistate.
L’iniziativa di riacquisto è sostenuta dalla solida generazione di flussi di cassa di Tenaris e dal suo robusto bilancio. Il programma sarà attuato sotto l’autorizzazione concessa all’assemblea generale annuale del 6 maggio 2025, con un limite massimo del 10% delle azioni societarie. Il lancio è previsto per giugno 2025 e i riacquisti saranno eseguiti tramite un istituto finanziario principale, potendo essere adeguati in base alle condizioni di mercato e alla conformità normativa.
Tenaris (NYSE: TS) ha anunciado un importante programa de recompra de acciones de hasta 1.200 millones de dólares, que representa aproximadamente 74 millones de acciones o el 6,9% de las acciones en circulación. El programa, aprobado por el Consejo de Administración, se ejecutará en el plazo de un año con la intención de cancelar las acciones recompradas.
La iniciativa de recompra está impulsada por la fuerte generación de flujo de caja de Tenaris y su sólido balance. El programa operará bajo la autorización otorgada en la junta general anual del 6 de mayo de 2025, con un límite máximo del 10% de las acciones de la compañía. Está previsto que comience en junio de 2025 y las recompras se realizarán a través de una institución financiera principal, pudiendo ajustarse según las condiciones del mercado y el cumplimiento regulatorio.
테나리스(NYSE: TS)는 최대 12억 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이는 약 7,400만 주, 즉 발행 주식의 6.9%에 해당합니다. 이 프로그램은 이사회 승인을 받았으며, 1년 이내에 실행되어 매입한 주식을 소각할 예정입니다.
이번 자사주 매입은 테나리스의 강력한 현금 흐름과 견고한 재무 상태에 기반한 것입니다. 이 프로그램은 2025년 5월 6일 연례 주주총회에서 승인된 권한 하에 운영되며, 회사 주식의 최대 10%까지 매입할 수 있습니다. 2025년 6월에 시작될 예정이며, 주요 금융기관을 통해 매입이 이루어지며 시장 상황과 규제 준수에 따라 조정될 수 있습니다.
Tenaris (NYSE : TS) a annoncé un important programme de rachat d’actions pouvant atteindre 1,2 milliard de dollars, soit environ 74 millions d’actions, représentant 6,9 % des actions en circulation. Ce programme, approuvé par le conseil d’administration, sera exécuté dans un délai d’un an avec l’intention d’annuler les actions rachetées.
Cette initiative de rachat est motivée par la forte génération de flux de trésorerie de Tenaris et sa solide situation financière. Le programme sera mis en œuvre sous l’autorisation accordée lors de l’assemblée générale annuelle du 6 mai 2025, avec une limite maximale de 10 % des actions de la société. Le lancement est prévu pour juin 2025, les rachats seront effectués par une institution financière principale et pourront être ajustés en fonction des conditions du marché et du respect des réglementations.
Tenaris (NYSE: TS) hat ein bedeutendes Aktienrückkaufprogramm von bis zu 1,2 Milliarden US-Dollar angekündigt, was etwa 74 Millionen Aktien oder 6,9 % der ausstehenden Aktien entspricht. Das vom Vorstand genehmigte Programm soll innerhalb eines Jahres umgesetzt werden, mit der Absicht, die zurückgekauften Aktien zu annullieren.
Die Rückkaufinitiative wird durch Tenaris’ starke Cashflow-Generierung und solide Bilanz getragen. Das Programm wird unter der beim Jahreshauptversammlung am 6. Mai 2025 erteilten Ermächtigung durchgeführt, mit einem Höchstlimit von 10 % der Unternehmensaktien. Der Start ist für Juni 2025 geplant, die Rückkäufe erfolgen über ein führendes Finanzinstitut und können je nach Marktbedingungen und regulatorischer Compliance angepasst werden.
- Substantial $1.2 billion share buyback program representing 6.9% of outstanding shares
- Strong cash flow generation and robust balance sheet position
- Plan to cancel repurchased shares, potentially increasing value for remaining shareholders
- Significant cash expenditure that could otherwise be used for business operations or growth
- Reduction in company's cash reserves and financial flexibility
Insights
Tenaris's $1.2B share buyback (6.9% of shares) signals strong cash flow and management confidence in long-term value creation.
Tenaris has announced an ambitious $1.2 billion share repurchase program, representing approximately
The scale of this repurchase is substantial and sends a strong signal to the market. By reducing the number of outstanding shares, Tenaris is effectively increasing the ownership stake of existing shareholders. The planned cancellation of repurchased shares (rather than holding them as treasury stock) demonstrates a permanent reduction in share count, which should provide a corresponding boost to earnings per share and potentially support share price appreciation.
What's particularly notable is the company's explicit statement that this decision is driven by "significant cash flow generation and strong balance sheet." This indicates Tenaris is generating more cash than needed for operations and strategic investments, suggesting robust underlying business performance. The company is prioritizing returning excess capital to shareholders rather than pursuing aggressive expansion or holding excessive cash reserves.
The buyback has received proper governance approval, with authorization from the annual general meeting and will be executed through a primary financial institution under applicable market regulations. The flexible structure allowing for pauses and resumptions indicates a thoughtful approach to capital deployment, allowing management to respond to changing market conditions.
For a steel tube supplier serving the energy industry, this level of capital return reflects confidence in sustained demand despite the cyclical nature of the energy sector, suggesting management views current valuation as attractive relative to long-term business prospects.
LUXEMBOURG, May 27, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that Tenaris’s Board of Directors approved a share buyback program of up to
The decision and opportunity of initiating the buyback program is driven by the company’s significant cash flow generation and strong balance sheet.
The buyback program will be carried out under the authority granted by the annual general meeting of shareholders held on May 6, 2025, up to a maximum of
The buyback program is expected to be launched in June 2025 and share purchases will be executed through a primary financial institution.
The buybacks may be ceased, paused and continued at any time, subject to compliance with applicable laws and regulations.
Tenaris will provide updates on the buyback program via press releases and on the Investors section of its corporate website. The buybacks will be carried out subject to market conditions and in compliance with applicable laws and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052.
Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.
Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.
Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com
FAQ
What is the size of Tenaris (TS) share buyback program announced in May 2025?
When will Tenaris (TS) start its $1.2 billion share buyback program?
Why is Tenaris (TS) implementing a share buyback program?
What is the maximum percentage of shares Tenaris can repurchase under this program?
