Tenaris S.A. Reports on $700M Share Buyback Program
Ticker: TNRSF · Form: 6-K · Filed: Feb 10, 2025 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Feb 10, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-allocation
TL;DR
Tenaris is actively buying back its stock under a $700M program.
AI Summary
Tenaris S.A. filed a Form 6-K on February 10, 2025, reporting its Weekly Report for February 3-7, 2025. This report details the progress of its USD 700 million Share Buyback Program.
Why It Matters
This filing provides investors with an update on Tenaris's capital allocation strategy, specifically its commitment to returning value through share repurchases.
Risk Assessment
Risk Level: low — The filing is a routine update on a previously announced share buyback program and does not introduce new material risks.
Key Numbers
- $700 million — Share Buyback Program (Total authorized amount for share repurchases.)
Key Players & Entities
- TENARIS SA (company) — Registrant
- USD 700 million (dollar_amount) — Share Buyback Program amount
- February 7, 2025 (date) — Report date
- Giovanni Sardagna (person) — Investor Relations Officer
FAQ
What is the total amount authorized for Tenaris's Share Buyback Program?
The total amount authorized for the Share Buyback Program is USD 700 million.
What period does the reported Weekly Report cover?
The Weekly Report covers the period from February 3, 2025, to February 7, 2025.
What form was filed with the SEC?
A Form 6-K was filed with the SEC.
Who signed the report on behalf of Tenaris, S.A.?
Giovanni Sardagna, Investor Relations Officer, signed the report.
What is the principal executive office address of Tenaris, S.A.?
The principal executive office address is 26, Boulevard Royal, 4th floor, L-2449 Luxembourg.
Filing Stats: 463 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2025-02-07 19:46:30
Filing Documents
- f6k_020725.htm (6-K) — 12KB
- hdr.jpg (GRAPHIC) — 5KB
- tbl.jpg (GRAPHIC) — 46KB
- hdr2.jpg (GRAPHIC) — 1KB
- 0001171843-25-000700.txt ( ) — 84KB
From the Filing
FORM 6 - K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d - 16 of the Securities Exchange Act of 1934 As of February 7, 2025 TENARIS, S.A. (Translation of Registrant's name into English) 26, Boulevard Royal, 4th floor L-2449 Luxembourg (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F. Form 20-F Ö Form 40-F ___ The attached material is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended. This report contains Tenaris’s Weekly Report (February 3, 2025 – February 7, 2025) on the USD 700 million Share Buyback Program. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 7, 2025 Tenaris, S.A. By: /s/ Giovanni Sardagna Giovanni Sardagna Investor Relations Officer Giovanni Sardagna Tenaris 1-888-300-5432 www.tenaris.com Weekly Report (February 3, 2025 – February 7, 2025) on the USD 700 million Tenaris Share Buyback Program. Luxembourg, February 7, 2025. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its up to USD 700 million Share Buyback Program announced on November 10, 2024, (subject to a maximum of 46,373,915 ordinary shares), to be executed in the open market, it has repurchased the following ordinary shares from February 3, 2025 to (and including) February 7, 2025: From February 3, 2025 to (and including) February 7, 2025, the Company has purchased a total of 1,919,000 ordinary shares for a total consideration of €35,298,542, equivalent to USD36,510,245. As of February 7, 2025, the Company held in treasury 85,676,212 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 7.37% of the total issued share capital. Tenaris intends to cancel treasury shares purchased under the Programs in due course. Details of the above transactions, are available on Tenaris’s corporate website under the Share Buyback Program Section https://ir.tenaris.com/share-buyback-program. Some of the statements contained in this press release are “forward-looking risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies. Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.