Financial PerformanceTEN 3Q24 results beat consensus in EBITDA, Revenue, and Free Cash Flow, coupled with a dividend per share raise to $0.27.
Shareholder ValueThe $1.2 billion buyback commitment is expected to enhance Tenaris's dividend yield by cutting another ~7% of its outstanding shares.
Strategic OutlookThe 2025 outlook is expected to be more positive due to potentially increased protectionism and solid international demand for OCTG.