TNRSF - Tenaris S.A. (TS) Q4 2023 Earnings Call Transcript
2024-02-22 15:30:07 ET
Tenaris S.A. (TS)
Q4 2023 Earnings Conference Call
February 22, 2024 09:30 AM ET
Company Participants
Giovanni Sardagna - Head of Investor Relations
Paolo Rocca - Chairman & Chief Executive Officer
Alicia Mondolo - Chief Financial Officer
Gabriel Podskubka - Chief Operating Officer
Luca Zanotti - President-US Operations
Conference Call Participants
Arun Jayaram - JPMorgan
Alessandro Pozzi - Mediobanca
Marc Bianchi - TD Cowen
Kevin Roger - Kepler Cheuvreux
David Anderson - Barclays
Jamie Franklin - Jefferies
Joseph Charuy - Bank of America Securities
Presentation
Operator
Good day and thank you for standing by. Welcome to Fourth Quarter and Full Year 2023 Tenaris S.A. Earnings Conference Call. At this time, all participants are in a listen-only mode. After the 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 your speaker today, Giovanni Sardagna. Please go ahead.
Giovanni Sardagna
Thank you, Gigi, and welcome to Tenaris 2023 fourth quarter and annual results conference call. Before we start, I would like to remind you that we will be discussing forward-looking information in this 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 Luca Zanotti 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. During the fourth quarter of 2023, sales reached $3.4 billion, down 6% compared with those of the corresponding quarter of the previous year but up 5% sequentially, mainly driven by high level of shipment to the Middle East and to offshore pipeline projects, combined with the inclusion of our newly acquired Shawcor pipe coating business, which offset the ongoing price declines in the Americas....
Tenaris S.A. (TS) Q4 2023 Earnings Call Transcript