Tenaris Past Earnings Performance

Past criteria checks 6/6

Tenaris has been growing earnings at an average annual rate of 38.8%, while the Energy Services industry saw earnings growing at 25.5% annually. Revenues have been growing at an average rate of 12.3% per year. Tenaris's return on equity is 23.3%, and it has net margins of 24.7%.

Key information

38.8%

Earnings growth rate

38.8%

EPS growth rate

Energy Services Industry Growth	23.3%
Revenue growth rate	12.3%
Return on equity	23.3%
Net Margin	24.7%
Next Earnings Update	01 Nov 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Tenaris makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

WBAG:TEN Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 23	14,811	3,665	1,677
31 Mar 23	13,537	3,179	1,597
31 Dec 22	11,763	2,553	1,502
30 Sep 22	10,199	2,116	1,397
30 Jun 22	8,978	1,839	1,328
31 Mar 22	7,706	1,497	1,224
31 Dec 21	6,521	1,100	1,112
30 Sep 21	5,595	837	1,134
30 Jun 21	4,854	474	950
31 Mar 21	4,566	132	915
31 Dec 20	5,147	-634	995
30 Sep 20	5,757	-589	1,060
30 Jun 20	6,508	-450	1,107
31 Mar 20	7,185	-160	1,225
31 Dec 19	7,294	743	1,248
30 Sep 19	7,658	817	1,312
30 Jun 19	7,794	957	1,308
31 Mar 19	7,664	884	1,332
31 Dec 18	7,659	876	1,320
30 Sep 18	7,143	810	1,199
30 Jun 18	6,547	668	1,269
31 Mar 18	6,001	575	1,215
31 Dec 17	5,289	453	1,270
30 Sep 17	4,745	319	1,165
30 Jun 17	4,429	219	1,183
31 Mar 17	4,241	117	1,213
31 Dec 16	4,294	14	1,129
30 Sep 16	4,470	-78	1,543
30 Jun 16	5,043	-437	1,443
31 Mar 16	5,856	-344	1,478
31 Dec 15	6,903	-99	1,594
30 Sep 15	8,357	213	1,396
30 Jun 15	9,219	650	1,766
31 Mar 15	10,012	991	1,810
31 Dec 14	10,141	1,146	1,933
30 Sep 14	10,336	1,320	2,019
30 Jun 14	10,330	1,539	1,644
31 Mar 14	10,498	1,549	1,780
31 Dec 13	10,597	1,551	1,771
30 Sep 13	10,681	1,514	1,568
30 Jun 13	10,923	1,647	1,780
31 Mar 13	10,895	1,686	1,676
31 Dec 12	10,834	1,699	1,713

Quality Earnings: TEN has high quality earnings.

Growing Profit Margin: TEN's current net profit margins (24.7%) are higher than last year (20.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TEN's earnings have grown significantly by 38.8% per year over the past 5 years.

Accelerating Growth: TEN's earnings growth over the past year (99.3%) exceeds its 5-year average (38.8% per year).

Earnings vs Industry: TEN earnings growth over the past year (99.3%) exceeded the Energy Services industry 38.2%.

Tenaris Past Earnings Performance

Past criteria checks 6/6

Key information

Recent past performance updates

Tenaris S.A. to Report Q3, 2024 Results on Nov 06, 2024

Second quarter 2023 earnings released: EPS: US$0.95 (vs US$0.54 in 2Q 2022)

Full year 2022 earnings released: EPS: US$2.16 (vs US$0.93 in FY 2021)

Full year 2022 earnings released: EPS: US$2.16 (vs US$0.93 in FY 2021)

Tenaris S.A. to Report Q1, 2023 Results on Apr 26, 2023

Third quarter 2022 earnings released: EPS: US$0.51 (vs US$0.28 in 3Q 2021)

Recent updates

Tenaris S.A., Annual General Meeting, Apr 30, 2024

Tenaris S.A. to Report Q3, 2024 Results on Nov 06, 2024

Tenaris S.A. (BIT:TEN) entered into a definitive agreement to acquire Bredero Shaw International B.V. from Shawcor Ltd. (TSX:MATR) for $182.6 million.

Tenaris S.A. Approves Interim Dividend, Payable on November 22, 2023

Now 20% undervalued

Now 21% undervalued

enaris S.A. (BIT:TEN) entered into a definitive agreement to acquire Bredero Shaw International B.V. from Shawcor Ltd. (TSX:MATR) for $166 million .

Second quarter 2023 earnings released: EPS: US$0.95 (vs US$0.54 in 2Q 2022)

Tenaris S.A. Appoints Martin Castro as President for Canadian Operations

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.34 per share at 3.8% yield

Tenaris S.A. Approves Dividend for the Year 2022, Payable on May 24, 2023

Full year 2022 earnings released: EPS: US$2.16 (vs US$0.93 in FY 2021)

Investor sentiment deteriorates as stock falls 15%

Now 25% undervalued after recent price drop

Tenaris S.A., Annual General Meeting, May 03, 2023

Now 20% undervalued

Tenaris S.A. Proposes Dividend, Payable on May 24, 2023

Full year 2022 earnings released: EPS: US$2.16 (vs US$0.93 in FY 2021)

Tenaris S.A. to Report Q1, 2023 Results on Apr 26, 2023

Upcoming dividend of US$0.17 per share

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: US$0.51 (vs US$0.28 in 3Q 2021)

Tenaris S.A. Approves an Interim Dividend, Payable on November 23, 2022

Less than half of directors are independent

Tenaris S.A. (BIT:TEN) entered into an agreement to acquire Benteler Steel & Tube Corporation from Benteler North America Corp. for $460 million

Tenaris S.A. (BIT:TEN) entered into an agreement to acquire Benteler Steel & Tube Corporation from Benteler North America Corp. for $460 million

Tenaris Resolves U.S. Securities and Exchange Commission Investigation into Legacy Issue in Brazil

Italian Court Dismisses Case Against Tenaris’s Chairman and Chief Executive Officer and Two Other Board Members over Allegedly Improper Payments

Upcoming dividend of US$0.28 per share

Tenaris Declares Annual Dividend Payable on May 25, 2022

First quarter 2022 earnings released: EPS: US$0.43 (vs US$0.09 in 1Q 2021)

Less than half of directors are independent

Now 20% undervalued

Tenaris S.A., Annual General Meeting, May 03, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Tenaris S.A. Proposes Dividend for Year 2021, Payable on May 25, 2022

Now 21% undervalued

Upcoming dividend of US$0.13 per share

Third quarter 2021 earnings released: EPS US$0.28 (vs US$0.028 loss in 3Q 2020)

Less than half of directors are independent

Tenaris S.A. Provides Sales Guidance for the Third Quarter of 2021

Tenaris S.A. Approves Dividend, Payable on May 26, 2021

Tenaris S.A., Annual General Meeting, May 03, 2021

Tenaris S.A. to Report Q4, 2020 Results on Feb 24, 2021

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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