On February 21, 2024, Tenaris S.A. reported its 2023 Fourth Quarter and Annual results, showing a net income of $1.1 billion for Q4 with a 110% increase year-over-year, and annual net sales of $14.9 billion, reflecting a 26% rise from 2022, driven by strong performance in the Middle East and offshore projects. The company expects stable sales in the first half of 2024 due to favorable market conditions.