Sales: $2.8 billion in Q4 2024, down 17% year-over-year and 2% sequentially.
EBITDA: $726 million in Q4 2024, up 6% sequentially; margin increased to 25.5%.
Adjusted EBITDA: $659 million in Q4 2024, margin of 23% without one-off effects.
Cash Flow from Operations: $492 million in Q4 2024.
Net Cash Position: $3.6 billion at the end of Q4 2024.
Dividend Proposal: Annual dividend of $0.83 per share, including an interim dividend of $0.27 per share.
Annual Results: EBITDA of $3.1 billion, net income of $2.1 billion, net sales of $12.5 billion for 2024.
Free Cash Flow: $2.2 billion for 2024, distributed to shareholders through dividends and share buybacks.
Positive Points
Tenaris SA (NYSE:TS) reported a solid financial performance for 2024, with EBITDA reaching $3.1 billion and net income of $2.1 billion on net sales of $12.5 billion.
The company maintained a strong net cash position of $3.6 billion, despite significant expenditures on dividends, share buybacks, and capital investments.
Tenaris SA (NYSE:TS) is proposing a 38% increase in the annual dividend per share, reflecting confidence in its financial health and commitment to returning value to shareholders.
The company has made significant investments to improve industrial efficiency and reduce its environmental footprint, including new electric arc furnaces and renewable energy projects.
Tenaris SA (NYSE:TS) has strengthened its position in key markets, securing major contracts in North America, the Middle East, and deepwater projects, enhancing its competitive edge.
Negative Points
Sales in Q4 2024 decreased by 17% compared to the same quarter in the previous year, primarily due to lower volumes and average selling prices.
The net cash position decreased due to substantial outflows for dividends, share buybacks, and capital expenditures, which could impact future liquidity.
The company faced a tragic accident at its main plant in Argentina, resulting in the loss of two employees, highlighting safety concerns.
In Mexico, sales were negatively impacted by a steep decline in drilling activity and financial difficulties at Pemex, affecting revenue streams.
The geopolitical and trade policy uncertainties, particularly in the US, pose potential risks to Tenaris SA (NYSE:TS)'s operations and market dynamics.
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