Tenaris S.A. (TS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the second quarter 2025 Denadie's Essay Earnings Conference 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. To ask a question during the session you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Giovanni Sardagna, Investor Relations Officer. Please go ahead. Thank you Gigi and welcome to Denadie's 2025 Second Quarter Conference Call. Before we start I would like to remind you that we will be discussing forward-looking information during 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, Carlos Gomez-Saltzga, our newly appointed Chief Financial Officer, Gabriel Potskufka, our Chief Operating Officer, and Gizermo Moreno, 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 second quarter sales reached 3.1 billion, down 7% year on year, but up 6% sequentially, mainly reflecting an increase in North American OCTG prices and stable volumes. Average selling prices in our Tubes operating segment decreased 2% compared to the corresponding quarter of last year, but increased 6% sequentially. Our ABDA for the quarter was up 5% sequentially to 733 million, with our ABDA margin for the quarter close to 24%. Our margins remain in line with those of the previous quarter, our cost of...