Q1 2025 Tenaris SA Earnings Call Transcript

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May 01, 2025

May 01, 2025 / 12:00PM GMT
Operator

Good day and thank you for standing by. Welcome to the Tenaris first quarter 2025 earnings call.

(Operator Instructions).

I would now like to turn the conference over to Giovanni Sardagna, Investor relations officer. Please go ahead.

Giovanni Sardagna - Tenaris SA - Investor Relations Director

Thank you and welcome to Tenaris 2025, First quarter conference call.

Before we start, I would like to remind you that we will be discussing information in the call and that the actual results may vary from those expressed to reply during this call.

With me on the call today are Paolo Rocca, our Chairman and CEO; Alicia Mondolo, our Chief Financial Officer; Gabriel Podskubka, our Chief Operating Officer, and Guillermo Moreno, newly appointed President of our US operations.

Before passing over the call to Paolo for his opening remarks, I would like to briefly commend our quarterly results.

Our fourth quarter sales reached $2.9 billion, down 15% year on year, but up 3% sequentially due to higher seasonal volumes in

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