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Tenaris SA (TENR.MI)

TENR.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tenaris planing to keep some facilities idle but no shutdowns
Thursday, 30 Apr 2020 

April 30 (Reuters) - Tenaris executive says in conference call on Q1 results::ASKED IF FREE CASH FLOW THIS YEAR COULD APPROACH $1 BILLION, SAYS "YOU'RE NOT FAR IN YOUR VIEW".PREPARING TO KEEP SOME PRODUCTION FACILITIES IDLE FOR EXTENDED PERIOD OF TIME, BUT NOT PLANNING ANY PERMANENT SHUT DOWNS.  Full Article

Tenaris Reports Qtrly Loss Per ADS $1.12
Thursday, 30 Apr 2020 

April 29 (Reuters) - Tenaris SA ::ANNOUNCES 2020 FIRST QUARTER RESULTS.QTRLY NET SALES $1,762 MILLION VERSUS $1,872 MILLION.QTRLY LOSS PER ADS $1.12.FOR Q2 OF 2020, EXPECTING SUBSTANTIAL REDUCTION IN SALES, MARGINS, PARTICULARLY IN AMERICAS.Q2 2020 SALES COULD BE AROUND 35% LOWER THAN Q1 & EBITDA MARGIN, EXCLUDING RESTRUCTURING CHARGES, COULD FALL TO HIGH SINGLE DIGIT.EXPECT TO REDUCE WORKING CAPITAL FURTHER AND CONTINUE TO GENERATE POSITIVE FREE CASH FLOW.  Full Article

Tenaris Resumes Operations In Italy With Preventive Measures In Place
Monday, 27 Apr 2020 

April 27 (Reuters) - Tenaris SA ::OPERATIONS IN ITALY RESUME WITH STRONG PREVENTIVE MEASURES IN PLACE.  Full Article

Tenaris Temporarily Suspends Operations At Certain US Facilities Due To Covid-19
Tuesday, 14 Apr 2020 

April 14 (Reuters) - Tenaris SA ::TEMPORARILY SUSPENDS OPERATIONS AT CERTAIN U.S. FACILITIES.FACILITIES IN KOPPEL AND AMBRIDGE, PA, BROOKFIELD, OH, AND BAYTOWN, TX, HAVE BEEN OR WILL BE TEMPORARILY CLOSED DUE TO COVID-19.WILL BE PERFORMING EMPLOYEE REDUCTIONS AND ADJUSTING PRODUCTION LEVELS AT ITS OTHER FACILITIES IN LINE WITH MARKET DEMAND.  Full Article

Tenaris Suspends Operations At Certain U.S. Facilities
Tuesday, 14 Apr 2020 

April 13 (Reuters) - Tenaris SA ::TENARIS TEMPORARILY SUSPENDS OPERATIONS AT CERTAIN U.S. FACILITIES.TENARIS - FACILITIES IN KOPPEL & AMBRIDGE, PA, BROOKFIELD, OH, & BAYTOWN, TX, HAVE BEEN OR WILL BE TEMPORARILY CLOSED UNTIL MARKET CONDITIONS IMPROVE.TENARIS - TENARIS WILL BE PERFORMING EMPLOYEE REDUCTIONS AND ADJUSTING PRODUCTION LEVELS AT ITS OTHER FACILITIES IN LINE WITH MARKET DEMAND.TENARIS - IS RESTRUCTURING OPERATIONS IN UNITED STATES.TENARIS - COMPANY IS RESTRUCTURING ITS OPERATIONS IN UNITED STATES.  Full Article

Canadian Solar Signs PPA Contract With Techgen S.A De C.V. In Mexico
Monday, 9 Mar 2020 

March 9 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR SIGNS PPA CONTRACT WITH TECHGEN S.A DE C.V. IN MEXICO.CANADIAN SOLAR INC - PPA CONTRACT HAS A 15-YEAR TERM.CANADIAN SOLAR- PPA CONTRACT TO ALLOW CO TO FINANCE, BUILD A 103 MWP SOLAR POWER PROJECT LOCATED IN OJOCALIENTE MUNICIPALITY, MEXICO.  Full Article

Tenaris Reports Q4 Eps $0.13
Thursday, 20 Feb 2020 

Feb 19 (Reuters) - Tenaris SA ::TENARIS ANNOUNCES 2019 FOURTH QUARTER AND ANNUAL RESULTS.TENARIS - QTRLY EPS $0.13.TENARIS - IN Q4 OF 2019, SALES WERE AFFECTED BY A SLOWDOWN IN ACTIVITY IN ARGENTINA AND LOWER PRICES IN AMERICAS.TENARIS - QTRLY NET SALES $1,741 MILLION VERSUS $2,105 MILLION.  Full Article

Tenaris’S Board Provides Full Support To Its Chairman, CEO, Two Directors
Saturday, 15 Feb 2020 

Feb 14 (Reuters) - Tenaris SA ::TENARIS’S BOARD OF DIRECTORS PROVIDES FULL SUPPORT TO ITS CHAIRMAN AND CHIEF EXECUTIVE OFFICER AND TWO OTHER DIRECTORS.TENARIS - ITALIAN COURT OVERSEEING INVESTIGATION INTO ALLEGED IMPROPER PAYMENTS MADE IN BRAZIL HAS DECIDED TO MOVE CASE TO TRIAL.TENARIS - OUTSIDE COUNSEL INFORMED THAT FILE NOR MAGISTRATE'S DECISION SETS FORTH EVIDENCE OF INVOLVEMENT BY ANY OF 3 DIRECTORS IN ALLEGED WRONGDOING.  Full Article

Tenaris Completes Acquisition Of IPSCO Tubulars From TMK
Friday, 3 Jan 2020 

Jan 3 (Reuters) - Tenaris SA ::SAID ON THURSDAY CO HAS COMPLETED ACQUISITION OF IPSCO TUBULARS FROM PAO TMK .FINAL PRICE OF ACQUISITION IS USD 1.07 BLN .PRICE INCLUDES ABOUT USD 220 MLN IN WORKING CAPITAL.TENARIS WILL CONSOLIDATE IPSCO’S BALANCE SHEET IN ITS FINANCIAL STATEMENTS STARTING FROM Q1 2020.FOLLOWING CLOSING OF TRANSACTION, PARTIES ENTERED 6-YEAR MASTER DISTRIBUTION AGREEMENT .ACCORDING TO DISTRIBUTION AGREEMENT CO WILL BE EXCLUSIVE DISTRIBUTOR OF TMK’S OCTG AND LINE PIPE PRODUCTS IN THE U.S AND CANADA AS OF JAN. 2, 2020 .  Full Article

Tenaris Reports Quarterly Earnings Per Share Of $0.09
Thursday, 31 Oct 2019 

Oct 30 (Reuters) - Tenaris SA ::TENARIS ANNOUNCES 2019 THIRD QUARTER RESULTS.Q3 SALES FELL 7 PERCENT.TENARIS - QTRLY EARNINGS PER ADS $0.18.TENARIS - QTRLY EARNINGS PER SHARE $0.09.TENARIS - DO NOT EXPECT A RECOVERY IN US SHALE DRILLING ACTIVITY GOING INTO 2020.TENARIS - SALES WILL BE AFFECTED BY LOWER AVERAGE SELLING PRICES AND ACTIVITY SLOWDOWNS IN USA AND ARGENTINA IN Q4.TENARIS - QTRLY NET SALES $1,764 MILLION VERSUS $1,899 MILLION.  Full Article