Tenaris Announces 2026 Second Quarter Results
Tenaris reported a 4% year-over-year decline in Q2 revenue to $2.97 billion, with operating income dropping 15% due to shipment delays in the Middle East and higher logistics costs. Despite the earnings decline, the company generated $396 million in free cash flow and maintained a robust net cash position of $3.6 billion, supporting an interim dividend of $0.59 per share.
Key figures
- Eps
- 0.95
- Revenue
- 2967000000
- Guidance
- In the second half, we expect our sales and EBITDA to remain in line with the first half, despite sales continuing to be affected by lower shipments to the Middle East and higher raw material costs.
- Fcf
- 396000000
- Ebitda
- 649000000
- Net cash
- 3600000000
- Ebitda margin
- 21.9%
- Dividend per share
- 0.59
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