Tenaris S.A. (TS) reported first quarter shareholders' net income of $541 million compared to $507 million, last year. Earnings per share was $0.54 compared to $0.47. Earnings per ADS was $1.07 compared to $0.94. Net sales increased to $3.10 billion from $2.92 billion.
Tenaris S.A. also announced that its Board has appointed Gabriel Podskubka as Chief Executive Officer. Podskubka has served as Tenariss Chief Operating Officer since 2023. Paolo Rocca will continue to serve as Chairman of the Board.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.