Key Developments: Tenaris SA (TENR.MI)

TENR.MI on Milan Stock Exchange

5 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Tenaris SA laying off 100 at Arkansas mill - AMMMKT
Sunday, 17 Jan 2016 07:26pm EST 

Tenaris SA:Tenaris SA is laying off 100 employees at its welded pipe mill in Blytheville, Ark., the company announced Jan. 14 - AMMMKT.Oil prices hitting 12-year lows and a falling rig count are the reasons for the reductions, according to the Luxembourg-based pipe and tube maker - AMMMKT.  Full Article

Tenaris SA updates on Q3 2015 revenue guidance
Wednesday, 5 Aug 2015 05:27pm EDT 

Tenaris SA:Expects revenues to decline further in the Q3 2015, as unusually low level of shipments of premium products.  Full Article

Tenaris SA awarded contract for Statoil's Mariner Project
Sunday, 21 Jun 2015 08:00pm EDT 

Tenaris SA:Says it was awarded contract for the supply of casing, tubing and all related services for Statoil's Mariner Project.  Full Article

Tenaris SA corrects Usiminas investment value
Monday, 18 May 2015 05:39am EDT 

Tenaris SA:Corrects book value of its investment Usinas Siderurgicas de Minas Gerais SA (Usiminas) and restates financial statements to reduce book value of the investment to $122 million as of Sept. 30, 2014.As a result, also restates financial statements for Dec. 31, 2014 and March 31, 2015.Lowers total assets by $236 million as of Sept. 30, 2014.Lowers total assets by $165 million as of Dec. 31, 2014.Lowers total assets by $104 million as of March 31, 2014.Lowers income statement by $236 million, $185 million and increases by $33 million in the same consecutive quarterly financial statements.Cash flow statements remain unchanged.  Full Article

Tenaris SA approves FY 2014 dividend
Wednesday, 6 May 2015 06:55pm EDT 

Tenaris SA:Approves FY 2014 dividend of $0.45 per share (or 0.90 per ADS).That is a total of $531 mln and includes dividend advance of $0.15 per share paid in Nov. 2014.To pay out remaining $0.30 per share on May 20, ex-dividend date set to May 18.  Full Article

Tenaris SA to temporarily suspend operation at mill in Conroe, TX
Sunday, 22 Feb 2015 07:00pm EST 

Tenaris SA:Says that it will temporarily suspend operations at its welded tubes mill in Conroe, TX, resulting in the layoff of about 230 employees, effective April 24, 2015.Record levels of unfairly traded imports of OCTG (oil country tubular goods) from South Korea and the sharp decline in the price of oil and consequential reduction in drilling activity have driven Tenaris to make this decision.  Full Article

Tenaris SA approves the payment of an interim dividend
Wednesday, 5 Nov 2014 04:45pm EST 

Tenaris SA:Approves the payment of an interim dividend of $0.15 per share.Payment date will be Nov. 27 (however, because such date is not a business day in the U.S., shareholders in all jurisdictions may receive their interim dividend on or after Nov. 28, 2014, which is the first business day following the stated payment date).Ex-dividend date will be Nov. 24.  Full Article

Tenaris SA extends term of NKKTUBES joint venture agreement through 2030
Friday, 23 May 2014 04:15pm EDT 

Tenaris SA:Completes the renegotiation of its joint venture agreement with JFE Steel Corporation for the governance and operation of NKKTUBES.NKKTUBES is Japanese seamless steel pipe manufacturer that produces a wide range of carbon, alloy and stainless steel pipes for the domestic and export markets.Tenaris holds 51 pct interest in NKKTUBES, while JFE Steel Corporation holds the remaining 49 pct.Joint venture agreement, which was due to expire on July 31, 2015, will now run through July 31, 2030.JFE Steel Corporation will continue to supply steel billets and other essential inputs and services to NKKTUBES under existing supply agreements.  Full Article

Tenaris SA issues guidance for FY 2014
Thursday, 1 May 2014 08:23pm EDT 

Tenaris SA:Expects its overall results for 2014 to be in line with those for 2013.  Full Article

Tenaris SA proposes annual dividend
Thursday, 20 Feb 2014 04:03pm EST 

Tenaris SA:Proposes an annual dividend of $0.43 per share.Payable on May 22 with an ex-dividend date of May 19.  Full Article

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