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An announcement from Tenaris SA ( (TS) ) is now available.
Tenaris announced its financial results for the fourth quarter and full year 2024. The company reported a decrease in net sales and EBITDA compared to 2023, primarily due to lower market prices and reduced drilling activities in the Americas. However, sales in the Middle East reached record levels. The net cash position at the end of 2024 was $3.6 billion after significant dividend payments and share buybacks. Additionally, Tenaris announced a change in its Chief Financial Officer, with Carlos Gomez Alzaga taking over the role in May 2025.
More about Tenaris SA
Tenaris S.A. operates in the energy sector, specializing in the production of steel pipes for the oil and gas industry. The company focuses on manufacturing tubular products used in onshore and offshore drilling activities, serving markets primarily in the Americas, Middle East, and Europe.
YTD Price Performance: 3.49%
Average Trading Volume: 1,388,210
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $23.07B
See more data about TS stock on TipRanks’ Stock Analysis page.
