Quarterly ResultMay 6, 2026, 04:59 PM
Tenaris Q1 Net Sales $3.1B, Net Income $564M, EPS $1.07
AI Summary
Tenaris reported strong first-quarter 2026 results with net sales rising 6% year-over-year to $3.1 billion and net income increasing 9% to $564 million, despite disruptions in the Middle East. The company generated $503 million in free cash flow and repurchased $90 million in shares, ending the quarter with a net cash position of $3.8 billion. However, the outlook for Q2 anticipates lower sales in the Middle East and higher logistics costs, with a recovery expected in the second half of 2026, contingent on the reopening of the Strait of Hormuz.
Key Highlights
- Net sales reached $3,100 million in Q1 2026, a 6% increase year-over-year.
- Net income for the quarter was $564 million, up 9% compared to Q1 2025.
- Earnings per ADS stood at $1.07, marking a 14% rise year-over-year.
- EBITDA increased 6% year-over-year to $735 million.
- Free cash flow amounted to $503 million during the quarter.
- The company executed $90 million in share buybacks.
- Net cash position was $3.8 billion as of March 31, 2026.
- Tubes segment net sales were $2,931 million, up 6% year-over-year.