Tenaris SA (TS) Tops Q1 EPS by 22c; offers outlook

Tenaris SA (NYSE: TS) reported Q1 EPS of $1.27, $0.22 better than the analyst estimate of $1.05. Revenue for the quarter came in at $3.44 billion versus the consensus estimate of $3.38 billion.

OUTLOOK

For the second quarter, as anticipated, our sales and margins will be lower than the first quarter reflecting the ongoing decline in OCTG prices in the Americas. In the third quarter, we will have stoppages at many of our mills, including at our Siderca steel shop where we will install a new furnace that will improve our environmental footprint, and this will lead to a further decline in sales and margins in the quarter.

For earnings history and earnings-related data on Tenaris SA (TS) click here.

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