Tenaris S.A. Q3 2025 Earnings Recap

TS Q3 2025 October 31, 2025

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.

Earnings Per Share Beat

$0.85 vs $0.75 est.

+13.3% surprise

Revenue Beat

2964892784 vs 2950365940 est.

+0.5% surprise

Market Reaction

1-Day -0.35%

5-Day +0.43%

30-Day -0.8%

Key Takeaways

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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit TS on AllInvestView.