Tenaris SA Commences $1.2 Billion Share Buyback Program

Tenaris SA, a Luxembourg-based company specializing in seamless steel pipe products, has announced the commencement of its $1.2 billion share buyback program. The company’s board of directors has authorized the program, which will be executed in two tranches.

Program Details

• The first tranche of $600 million will be executed within six months.
• The remaining $600 million will be allocated to the second tranche, which will be executed at a later date.

Financial Position and Share Price

The company’s share price has been relatively stable over the past year, with a recent high of 19.445 and a low of 12.05.

• Current share price: not specified
• Price-to-earnings ratio: 9.91, indicating a moderate valuation

Share Buyback Program Objectives

The share buyback program is expected to reduce the share count and potentially increase shareholder value. The company’s strong financial position and commitment to shareholder returns have enabled the implementation of this program.