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Share buyback program of up to USD 1.2 billion

1. Tenaris approved a $1.2 billion share buyback program. 2. The buyback represents about 6.9% of outstanding shares. 3. Strong cash flow and balance sheet justify the buyback decision. 4. The program is expected to launch in June 2025. 5. Market conditions will influence share purchase execution.

Shares Buyback
+2.18%Current Return
VS
-0.58%S&P 500
$32.6105/27 06:15 PM EDTEvent Start
$33.3205/29 12:29 AM EDTLatest Updated
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FAQ

Why Bullish?

The share buyback reflects strong corporate health, historically boosting stock prices. Buyback programs often indicate confidence in future performance, typified by companies like Apple successfully uplifting their stock values post-buyback announcements.

How important is it?

The announcement is significant given the large sum involved and its effect on share supply and demand dynamics. Strong cash flow support signals financial stability, influencing investor perception positively.

Why Short Term?

The immediate execution of the buyback program increases demand for shares, likely impacting prices soon. Historical data shows that stock prices usually rally shortly after such announcements as seen with other companies in similar scenarios.

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CVXHALOXYXOM
May 27, 2025 17:59 ET  | Source: Tenaris SA LUXEMBOURG, May 27, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that Tenaris’s Board of Directors approved a share buyback program of up to $1.2 billion (which, at the closing price of May 27, 2025 on the Milan Stock Exchange would represent approximately 74 million shares, or 6.9% of Tenaris’s outstanding shares), to be executed within a year, with the intention to cancel the ordinary shares acquired through the program. The decision and opportunity of initiating the buyback program is driven by the company’s significant cash flow generation and strong balance sheet. The buyback program will be carried out under the authority granted by the annual general meeting of shareholders held on May 6, 2025, up to a maximum of 10% of the Company´s shares. The buyback program is expected to be launched in June 2025 and share purchases will be executed through a primary financial institution. The buybacks may be ceased, paused and continued at any time, subject to compliance with applicable laws and regulations. Tenaris will provide updates on the buyback program via press releases and on the Investors section of its corporate website. The buybacks will be carried out subject to market conditions and in compliance with applicable laws and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies. Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications. Giovanni Sardagna        Tenaris 1-888-300-5432www.tenaris.com

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