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Tenaris SA (TS)

TS on New York Consolidated

27.85USD
29 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Tenaris posts Q2 qtrly loss $0.02/ADS
Wednesday, 3 Aug 2016 04:50pm EDT 

Tenaris Sa : Tenaris announces 2016 second quarter results . Qtrly net sales $1,121 million versus $1,868 million . "sales in Q3 will continue to be affected by low levels of activity in North America and further price declines" . "in Q4, however, we should see a recovery in sales volumes and capacity utilization levels" . Qtrly loss per ADS $0.02 . Qtrly loss per share $0.01 . Q2 revenue view $1.20 billion -- Thomson Reuters I/B/E/S .Maintained a net cash position of $1.8 billion at end of quarter..  Full Article

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

BRIEF-Tenaris posts Q2 qtrly loss $0.02/ADS

* "sales in Q3 will continue to be affected by low levels of activity in North America and further price declines"