Quarterly ResultMay 7, 2026, 05:02 PM
Tenaris Q1 Net Sales $3.10B, Net Income $564.16M, EPS $0.54
AI Summary
Tenaris reported strong first-quarter 2026 financial results, with net sales increasing by 6.1% to $3.10 billion and net income rising by 8.9% to $564.16 million. Diluted earnings per share grew by 14.9% to $0.54. The company also completed the acquisition of the oilfield division of AllTorque during the period, though net cash provided by operating activities decreased by 24.8%.
Key Highlights
- Net sales increased 6.1% to $3.10 billion in Q1 2026.
- Net income rose 8.9% to $564.16 million for the quarter.
- Diluted earnings per share (EPS) grew 14.9% to $0.54.
- Operating income increased 6.2% to $583.86 million.
- Net cash provided by operating activities was $617.65 million, down 24.8%.
- Acquired the oilfield division of AllTorque for $4.51 million.
- Repurchased $89.56 million in treasury shares.
- Cash and cash equivalents totaled $1.15 billion as of March 31, 2026.