Filing Flows › Tenaris SA (TS) › FY2024
Tenaris SA (TS) FY2024 earnings results (fiscal 2024)
20-F filed Apr 1, 2025
Tenaris SA (TS) reported revenue of $12.5B for the fiscal 2024 (FY2024), -16% from a year earlier. Operating margin was 19.3%, net earnings $2.0B (16.3% of revenue).
Tenaris SA, FY2024: revenue $12.5B (-16% year over year), operating margin 19.3%, net earnings $2.0B, operating cash flow $2.9B. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.5B | — | -16% |
| Gross profit | $4.4B | — | -29% |
| Operating profit | $2.4B | — | -44% |
| Net earnings | $2.0B | — | -48% |
| Operating cash flow | $2.9B | — | -35% |
What changed
Revenue was $12.5B in FY2024, down 16% year over year.
Gross margin was 35.0%, down 6.7 points from FY2023. Operating profit was $2.4B, a 19.3% margin (down 9.7 points year over year). Operating expenses grew 5% against a revenue fall of 16%. Net earnings were $2.0B, down 48% year over year. The effective tax rate was 18.8%.
Operating cash flow was $2.9B (down 35% year over year), 138% of net earnings. Non-cash charges added back $0.63B of depreciation and amortization. Working capital and other items added $0.16B.
Questions
What was Tenaris SA's revenue in the fiscal 2024?
Tenaris SA (TS) reported revenue of $12.5B for the fiscal 2024 (FY2024), -16% from a year earlier.
Was Tenaris SA profitable in the fiscal 2024?
Operating profit was $2.4B (19.3% of revenue) and net earnings $2.0B.
Source: Tenaris SA 20-F on SEC EDGAR.