Tenaris SA (TS) Reports Q3 EPS of 9c

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Tenaris Announces 2017 Third Quarter Results

November 1, 2017 4:46 PM EDT

LUXEMBOURG -- (Marketwired) -- 11/01/17 -- Tenaris S.A. (NYSE: TS) (BAE: TS) (BMV: TS) (MILAN: TEN) ("Tenaris") today announced its results for the quarter and nine months ended September 30, 2017 with comparison to its results for the quarter and nine months ended September 30, 2016.

Summary of 2017 Third Quarter Results

(Comparison with second quarter of 2017 and third quarter of 2016)

Q3 2017 Q2 2017 Q3 2016 -------- --------------- --------------- Net sales ($ million) 1,303 1,243 5% 987 32% Operating income (loss) ($ million) 79 51 54% (33) 342% Net income ($ million) 95 73 30% 15 515% Shareholders' net income ($ million) 105 75 41% 17 532% Earnings per ADS ($) 0.18 0.13 41% 0.03 532% Earnings per share ($) 0.09 0.06 41% 0.01 532% EBITDA ($ million)... More