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Tenaris ADR Rep 2 Ord Shs T.TS.B


Primary Symbol: TS

Tenaris S.A. is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. It operates in geographical areas, such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its products and services include OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive.


NYSE:TS - Post by User

Bullboard Posts
Post by extremeriskon May 04, 2016 12:38pm
283 Views
Post# 24840992

Results

ResultsEbitda is flat to last year when you take out one time items that are digital tax credit of 6; 5 million advertising for star touch and 1.4 contribution from print plant. They also said on call that ebitda will be growing for remainder of year since print plant outsource staff saving. This was front loaded in q1 and also star touch advertising will stop. Vertical scope growing stronger remainder of year. The restructuring cut 350 positions. At $60k a job that is 21 million going to your ebitda line. My cost base on this is good at 1.70 but tempted to add more. Struck by CFO saying on call that that he is pleased with level of interest in star print plant location. Given crazy toronto real estate market I think this will be the upside surprise for torstar stock.
Bullboard Posts