Tenaris Wraps Up USD700 Million Share Buyback Successfully

Author: Ryan Hughes Updated: 03-04-2025 07:12 PM

Tenaris Finalizes USD700 Million Share Buyback Initiative

Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) proudly announced the successful conclusion of its USD700 million Share Buyback Program. This strategic move underscores the company’s commitment to shareholder value and confidence in its continued growth prospects.

Overview of the Share Buyback Program

The Share Buyback Program, which commenced on November 11, 2024, and concluded on March 4, 2025, saw the company repurchase a staggering 36,862,132 ordinary shares. This accounted for approximately 3.17% of the total issued share capital at the program’s outset, with a total cost nearing €668 million, roughly equivalent to USD700 million.

Impact on Company Holdings

As of the completion date, Tenaris amassed a total of 90,762,598 ordinary shares in its treasury, which includes 53,900,466 shares acquired from its previous USD 1.2 billion Share Buyback Program. This represents about 7.81% of the total issued share capital, positioning the company favorably in the market.

Future Plans for Treasury Shares

Looking ahead, Tenaris has plans to cancel the treasury shares obtained through this recent buyback program in a timely manner. This initiative is expected to enhance the overall value for its investors and reinforce its financial position.

About Tenaris

Tenaris stands as a leader in the global supply of steel tubes and related services, serving the energy sector and various industrial applications. The company is renowned for its innovative solutions and strategic initiatives aimed at optimizing performance and efficiency across its operations.

Company Contact Information

For further inquiries or details about Tenaris, you can reach out to Giovanni Sardagna at Tenaris. Contact is available at 1-888-300-5432 or visit the official website at www.tenaris.com.

Frequently Asked Questions

What is the purpose of the Share Buyback Program?

The Share Buyback Program aims to return wealth to shareholders and signal confidence in the company’s future performance.

How many shares did Tenaris repurchase during the program?

Tenaris repurchased a total of 36,862,132 ordinary shares throughout the duration of the program.

What percentage of share capital does Tenaris hold in treasury now?

Tenaris holds approximately 7.81% of its total issued share capital in treasury shares post-program.

Will Tenaris cancel the shares it bought back?

Yes, Tenaris intends to cancel the treasury shares acquired during the buyback program.

Where can I find more information about Tenaris?

Additional company information can be found on Tenaris's official website, which includes details about its buyback initiatives and broader corporate strategies.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

Contact Ryan Hughes privately here. Or send an email with ATTN: Ryan Hughes as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.