Tenaris S.A. reported Q3 sales of $3 billion, reflecting a 2% year-on-year increase, though down 3% sequentially, driven by lower sales in certain offshore projects but offset by robust performance in the U.S. and Canadian markets.
- EBITDA rose 3% sequentially to $753 million, aided by a $34 million one-off gain; adjusting for this, EBITDA margin stands at 24%.
- Free cash flow for the quarter reached $133 million despite capital expenditures of $185 million and $351 million in share buybacks.
- An interim dividend of $0.29 per share was declared, marking a 7% increase from the previous year, reflecting sustained shareholder returns.
- Strong operational performance in U.S. mills contributed to maintaining sales levels despite broader market slowdowns, showcasing a resilient customer base.
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