Last $21.75 USD
Change Today 0.00 / 0.00%
Volume 0.0
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As of 8:10 PM 03/26/14 All times are local (Market data is delayed by at least 15 minutes).

tenaris sa (TNRSF) Snapshot

Open
$21.75
Previous Close
$21.75
Day High
$21.75
Day Low
$21.75
52 Week High
10/17/13 - $23.81
52 Week Low
06/20/13 - $20.00
Market Cap
25.7B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
1.2B
EX-Date
05/19/14
P/E TM
--
Dividend
$0.43
Dividend Yield
1.98%
Current Stock Chart for TENARIS SA (TNRSF)

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tenaris sa (TNRSF) Details

Tenaris S.A., through its subsidiaries, is engaged in the steel pipe manufacturing and distribution activities. The company produces and sells seamless and welded steel tubular products, as well as provides related services for the oil and gas industry primarily oil country tubular goods used in drilling operations, and for other industrial applications. Its products include casing and tubing, line pipes, mechanical and structural pipes, cold-drawn pipes, premium joints and couplings, and coiled tubing products. The company also offers other products, including sucker rods used in oil extraction activities; industrial equipment of various specifications and applications, including liquid and gas storage equipment; and welded steel pipes for electric conduits used in the construction industry, as well as energy and raw materials that exceed its internal requirements. It serves oil and gas companies, as well as engineering companies engaged in constructing oil and gas gathering, transportation, processing, and power generation facilities. The company sells its products in North America, South America, Europe, the Middle East, Africa, the Far East, and Oceania. The company is headquartered in Luxembourg. Tenaris S.A. operates as a subsidiary of Techint Holdings S.àr.l.

26,825 Employees
Last Reported Date: 02/27/14

tenaris sa (TNRSF) Top Compensated Officers

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Executives, Board Directors

tenaris sa (TNRSF) Key Developments

Tenaris Set to Launch Rio De Janeiro R&D Center

Tenaris will start up its new R&D center at Ilha do Fundão, in Brazil's Rio de Janeiro state, on April 15. Located at the Rio de Janeiro Federal University's technology park, the facility will be next to Petrobras' CENPES research center. Tenaris' goal is to develop products and technologies for OCTG and other markets - such as automotive, nuclear, mining and construction - besides improving its products currently being offered in Brazil. The center is Tenaris' fifth in the world. The others are in Argentina, Mexico, Italy and Japan.

Tenaris Mulls Acquisitions

Tenaris SA (BIT:TEN) is seeking acquisitions. Paolo Rocca, Chairman and Chief Executive Officer of Tenaris said, "As usual, we are always considering opportunities and alternatives that may intense strategic position. Why? We have the very strong financial position, but nothing."

Tenaris SA Proposes Annual Dividend, Payable on May 22, 2014; Announces Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for 2014; Plans to Invest Around $1.2 Billion in the Year 2014

The board of directors of Tenaris SA proposed, for the approval of the annual general shareholders' meeting to be held on May 7, 2014, the payment of an annual dividend of $0.43 per share ($0.86 per ADS), or approximately $508 million, which includes the interim dividend of $0.13 per share ($0.26 per ADS), or approximately $153 million, paid in November, 2013. If the annual dividend is approved by the shareholders, a dividend of $0.30 per share ($0.60 per ADS), or approximately $354 million will be paid on May 22, 2014, with an ex-dividend date of May 19, 2014. The company announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, shareholders' net income was $409 million on net sales of $2,674 million against shareholders' net income of $371 million on net sales of $2,758 million a year ago. Operating income was $589 million against $586 million a year ago. EBITDA was $745 million against $733 million a year ago. Earnings per ADS were $0.69 against $0.63 a year ago. Earnings per share were $0.35 against $0.31 a year ago. Net cash provided by operations was $428 million compared to $753 million in the previous quarter and $347 million in the fourth quarter of 2012. Capital expenditures amounted to $184 million compared to $206 million in the previous quarter and $202 million in the fourth quarter of 2012. Sales in the fourth quarter rose 11% sequentially driven by an exceptional level of sales in the Middle East and for sub-Saharan Africa deepwater projects. Operating income and EBITDA margin increased reflecting a rich mix of high value premium products and efficiency improvements. For the year, shareholders' net income was $1,551 million on net sales of $10,597 million against shareholders' net income of $1,699 million on net sales of $10,834 million a year ago. Operating income was $2,185 million against $2,357 million a year ago. EBITDA was $2,795 million against $2,875 million a year ago. Earnings per ADS were $2.63 against $2.88 a year ago. Earnings per share were $1.31 against $1.44 a year ago. Net cash provided by operations was $2,355 million compared to $1,860 million during 2012. Capital expenditures amounted to $753 million compared to $790 million in 2012. In 2013, net sales decreased slightly as a decline in sales in North America was offset by a strong increase in sales in the Middle East and Africa. Sales of premium OCTG products rose particularly strongly and contributed to a more favorable product mix. Operating income reflected a higher depreciation charge and earnings per share a higher tax rate. The company provided earnings guidance for the full year of 2014. The company provided earnings guidance for 2014. Overall results for 2014 are expected to be in line with those for 2013 as lower sales in Brazil, reflecting continuing project delays, largely offset a gradual recovery in North American sales while sales in the rest of the world are maintained close to current levels. Considering the negative impact on the company’s sales in the U.S. market in the coming quarters, resulting from the preliminary determinations made in the trade case, and the continuing project delays in Brazil, the company’s overall results for 2014 are expected to be in line with those for 2013, supported by positive developments in the rest of the world. The company expects to maintain 28% to 29% on tax rate. The company expects capex to go up to $1 billion or $2 billion. In 2014, the company plan to invest around $1.2 billion because the company is starting to spend in the building of the new plant.

 

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TNRSF

Industry Average

Valuation TNRSF Industry Range
Price/Earnings 17.1x
Price/Sales 2.5x
Price/Book 2.2x
Price/Cash Flow 17.1x
TEV/Sales 2.2x
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