2023-04-26 17:03:43 ET
- Tenaris press release ( NYSE: TS ): Q1 Non-GAAP EPS of $1.91 beats by $0.28 .
- Revenue of $4.14B (+74.7% Y/Y) beats by $270M .
-
Net cash provided by operations during the first quarter of 2023 was $921 million, compared with net cash provided by operations of $524 million in the previous quarter and net cash used in operation of $27 million in the first quarter of 2022. Working capital increased by $461 million during the quarter, mainly reflecting higher trade receivables, following the increase in sales.
-
Capital expenditures amounted to $117 million for the first quarter of 2023, compared to $108 million in the previous quarter and $67 million in the first quarter of 2022.
-
During the quarter we had a positive free cash flow of $804 million, compared to $416 million in the previous quarter and negative free cash flow of $94 million in the first quarter of 2022.
-
Our positive net cash position increased to $1.7 billion at March 31, 2023, compared to $0.9 billion at December 31, 2022.
For further details see:
Tenaris Non-GAAP EPS of $1.91 beats by $0.28, revenue of $4.14B beats by $270M