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Businesses globally are preparing for a new reality of high interest rates as central banks raise rates to combat inflation. Tenaris SA, an oilfield equipment and services company, stands out with its strong balance sheet and low debt levels. Tenaris has reported impressive financial results, including increased sales volumes, high margins, and substantial cash flows, making it an attractive investment option.
Tenaris is a Luxembourg-headquartered supplier of welded steel pipes for gas pipelines, with manufacturing facilities across multiple continents. The company has achieved record sales and financial results for the 2022 fiscal year and is a leading player in the energy industry. Tenaris is investing in new ventures, such as wind farms, to support the ongoing global transition in energy and reduce CO2 emissions.
Tenaris S.A. (NYSE:TS ) Q3 2023 Earnings Call Transcript November 2, 2023 8:00 AM ET Company Participants Giovanni Sardagna - Head of IR Paolo Rocca - Chairman and CEO Luca Zanotti - President, US Operations Gabriel Podskubka - COO Conference Call Participants Alessandro Pozzi - Mediobanca Arun Jayaram - JPMorgan Securities Marc Bianchi - TD Cowen Luke Lemoine - Piper Sandler David Anderson - Barclays Jamie Franklin - Jefferies Operator Good day, and thank you for standing by.
Tenaris S.A. (TS) has received quite a bit of attention from Zacks.com users lately.
Zacks.com users have recently been watching Tenaris S.A. (TS) quite a bit.
Tenaris S.A. has experienced rapid revenue growth, with net sales increasing 75% YoY to reach $4.4 billion. The company has a strong financial position, with a solid balance sheet and substantial cash flows, making it an attractive investment opportunity. Despite concerns about a slowdown in drilling projects and the rise of renewables, Tenaris is expected to continue serving a large market and delivering solid returns to shareholders.
Tenaris S.A. (TS) has been one of the stocks most watched by Zacks.com users lately.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Tenaris S.A. (TS) has been one of the stocks most watched by Zacks.com users lately.
Tenaris pays out a solid dividend with a safe payout ratio, consistently rewarding shareholders with a secure dividend amid cyclical upswings. Recent earnings exemplify Tenaris' ability to outperform expectations and the business' plan to increase CapEX expenditures.