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Tenaris delivered a stable Q1 2025, maintaining earnings per share and net income at prior-quarter levels despite a year-over-year revenue decline. EBITDA improved on a comparable basis, and free cash flow was strong thanks to a reduction in working capital.
Tenaris' Q4 2024 results showed a decline in revenue and net income compared to the previous year. The company's net sales fell by 17%, and net income dropped by 55% year-over-year. Despite challenges in North and South America, sales remained stable in the Middle East and Turkey, while EBITDA was supported by a favorable product mix. The company generated $310 million in free cash flow and ended the quarter with a net cash position of $3.6 billion.