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LUXEMBOURG - Tenaris S.A. (NYSE and Mexico:TS and EXM Italy: TEN), currently trading at $17.93 with a market capitalization of $18.5 billion, has completed the first $600 million tranche of its $1.2 billion share buyback program, according to a company statement released Tuesday.
The steel tube manufacturer purchased 33,059,955 ordinary shares, representing 3.08% of its total issued share capital, between June 9 and September 30, 2025. The company spent approximately €516,588,880 ($600 million) on these repurchases. According to InvestingPro analysis, Tenaris maintains a strong financial position with more cash than debt and a healthy P/E ratio of 9.69.
The purchased shares are currently held in treasury, with Tenaris planning to cancel all shares acquired under the program in due course.
This repurchase initiative is part of a larger $1.2 billion share buyback program that was initially announced on June 6, 2025. The company has now completed half of its planned repurchases.
Tenaris operates as a supplier of steel tubes and related services primarily for the global energy industry and select industrial applications.
Information regarding the transactions is available on the company’s corporate website under the Share Buyback Program section, according to the press release.
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