Tenaris S. A. (TS)
The company now
Tenaris, a maker of steel pipe for oil and gas wells, reported second-quarter net sales of $2,967 million, down 4 percent from the first quarter 2.
The company said shipments to Middle East customers were postponed because the strait of Hormuz was effectively closed for most of the period 2.
Operating income fell to $494 million from $584 million, and the Tubes segment's operating margin slipped to 16.6 percent from 18.6 percent 2.
Net cash stood at $3.6 billion on 30 June 2026 after $606 million of dividends in the quarter 2.
On 6 May 2026 the board named Gabriel Podskubka chief executive, and Paolo Rocca stays as chairman 37.
The Buenos Aires Herald reported that the change followed harsh public criticism of Rocca by Argentina's president, after Tenaris lost a pipeline bid 8.
As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.
Newer filings are on file since this was written; an update is queued.