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Stock impact report

Tenaris S.A. (TS) Returns $600M to Shareholders through Buybacks [Yahoo! Finance]

Tenaris S.A. American Depositary Shares (TS) 
Last tenaris s.a. american depositary shares earnings: 2/19 04:34 pm Check Earnings Report
US:NYSE Investor Relations: ir.tenaris.com
Company Research Source: Yahoo! Finance
company completed a $600 million tranche of a $1.2 billion share buyback program. The company repurchased 33.1 million shares, representing 3.08% of its issued share capital. Tenaris S.A. (TS) Returns $600M to Shareholders through Buybacks The repurchase is part of the company's bid to reduce share outstanding and return value to shareholders. While the company plans to cancel all treasury shares repurchased under the program, this move is expected to help improve earnings per share over time. The repurchase comes as the company has established itself as a leading supplier of steel tubes and related services to the energy industry, as well as for other industrial applications. Tenaris S.A. (NYSE:TS) is a global manufacturer and supplier of steel pipes and related services, primarily for the energy industry, including the oil and gas sector. The company's integrated manufacturing process includes steelmaking, pipe rolling, heat treatment, and finishing, with a global network of Show less Read more
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