Tenaris S.A. (NYSE:TS) Q1 2025 Earnings Call Transcript May 1, 2025 8:00 AM ET
Company Participants
Giovanni Sardagna – Investor Relations Officer
Paolo Rocca – Chairman & Chief Executive Officer
Guillermo Moreno – President, US Operations
Gabriel Podskubka – Chief Operating Officer
Conference Call Participants
Alessandro Pozzi – Mediobanca
Arun Jayaram – JPMorgan Securities LLC
David Anderson – Barclays
Sebastian Erskine – Redburn Atlantic
Stephen Gengaro – Stifel
Derek Podhaizer – Piper Sandler
Jamie Franklin – Jefferies
Daniel Thomson – BNP Paribas Exane
Operator
Good day, and thank you for standing by. Welcome to Tenaris First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to Giovanni Sardagna, Investor Relations Officer. Please go ahead.
Giovanni Sardagna
Thank you, Liz, and welcome to Tenaris 2025 first quarter conference call. Before we start, I would like to remind you that we will be discussing forward-looking information in the call and that our actual results may vary from those expressed or implied 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 comment 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 Canada and higher onshore sales in the US. While our average selling price declined due to market and product mix effects with lower sales of OCTG premium products in Mexico, Turkey and Saudi Arabia, in addition to
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