Tenaris Q3 net sales rise 4%, beat estimates
TS•Tenaris reported third-quarter net sales of $3.10 billion, up 4% year over year and above the $3 billion consensus estimate. Net income rose 15% to $521 million, and the company expects fourth-quarter sales and EBITDA to increase.
1. Quarterly results
Third-quarter net sales rose 4% year over year to $3.10 billion, beating the $3 billion analyst consensus. Net income increased 15% to $521 million; EBITDA was $756 million and operating income was $598 million.
2. Demand and outlook
Higher North American demand and increased shipments to the Middle East supported sales growth. Tenaris expects fourth-quarter sales and EBITDA to rise on higher North American OCTG demand and prices, and says the quarter should establish a new baseline for sales and EBITDA for 2027.
