Tenaris Triumphs with $600 Million Share Buyback Completion

Author: Addison Perry Updated: 09-30-2025 06:45 PM

Tenaris Achieves Milestone with Share Buyback Program

Tenaris S.A. (NYSE: TS and BMV: TS.MX) has recently marked a significant achievement in its financial strategy with the completion of the first tranche of its ambitious Share Buyback Program. This initial phase involved an impressive investment of USD600 million, showcasing the company's commitment to returning value to its shareholders.

Understanding the Share Buyback Program

The Share Buyback Program, valued at USD1.2 billion, was designed to enhance shareholder value and signal confidence in Tenaris's business model and market position. The first tranche spanned from June 9 through September 30. During this period, Tenaris acquired 33,059,955 ordinary shares, which accounts for about 3.08% of its total issued share capital.

Details of the Share Acquisition

The completion of this tranche led to a total expenditure of approximately €516 million, which translates to around USD600 million. As of the completion date, all shares acquired are now held in treasury. This strategic move allows Tenaris to not only manage its equity effectively but also enhance its long-term shareholder value.

Future Plans for Treasury Shares

Tenaris has plans to cancel all treasury shares acquired through this program in the future. This cancellation is expected to further reduce the total outstanding shares, thereby increasing the earnings per share for existing shareholders, which aligns with Tenaris's broader financial strategy.

Company Overview

Tenaris, a premier supplier of steel tubes and related services, serves critical markets, including the global energy sector and various industrial applications. The company is well-positioned to navigate the complexities of the steel and energy industries, benefiting from its robust operational foundation and market reach.

Contact Information

For any further inquiries, you can reach out to Giovanni Sardagna at Tenaris. He can be contacted at 1-888-300-5432 or through their official website at www.tenaris.com.

Frequently Asked Questions

What is the significance of the Share Buyback Program?

The program aims to enhance shareholder value by reducing the number of outstanding shares, which can increase earnings per share and overall market confidence.

How much did Tenaris spend in the first tranche?

In the first tranche, Tenaris spent approximately USD600 million to acquire over 33 million shares.

What are treasury shares?

Treasury shares are shares that have been repurchased by the company and are held in the company's custody. They can be reissued or canceled in the future.

Will shareholders benefit from the Program?

Yes, shareholders stand to benefit through potential increases in earnings per share and overall shareholder value as the share count decreases.

How can I find more information about Tenaris's operations?

Detailed information about Tenaris's operations and financial strategies can be found on their corporate website, including updates on the Share Buyback Program.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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