Tenaris SA ( (TS) ) has provided an announcement.
Tenaris S.A. announced the progress of its USD 700 million Share Buyback Program, initially revealed on November 10, 2024. From February 17 to February 21, 2025, the company repurchased 2,404,282 ordinary shares, totaling approximately USD 46.96 million. As of February 21, 2025, Tenaris holds 89,945,494 ordinary shares in treasury, representing 7.74% of its total issued share capital. The company plans to cancel these treasury shares in due course, which could impact its share capital structure and potentially benefit shareholders by increasing the value of remaining shares.
More about Tenaris SA
Tenaris is a leading global supplier of steel tubes and related services primarily for the energy industry and certain other industrial applications.
YTD Price Performance: 0.08%
Average Trading Volume: 1,441,918
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $22.24B
Learn more about TS stock on TipRanks’ Stock Analysis page.