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Tenaris' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Tenaris S.A. (TS)

Q1 2012 Earnings Call

April 26, 2012 10:00 AM ET


Giovanni Sardagna – Director, IR

Paolo Rocca – Chairman and CEO

Ricardo Soler – CFO

Alejandro Lammertyn – Managing Director, Eastern Hemisphere Corporation


William Sanchez – Howard Weil

Marcus Sequeira – Deutsche Bank

Ole Slorer – Morgan Stanley

Stephen Gengaro – Sterne Agee

Phillips Santos – JP Morgan



Good day, ladies and gentlemen, and welcome to the Q1 2012 Tenaris SA Earnings Conference Call. My name is Karen and I’ll be your operator for today. At this time, all participants are in a listen-only mode and we will conduct a question-and-answer session towards the end of this conference. (Operator Instructions) I would like to remind that this call is being recorded for replay purposes.

I’d like to turn the call over to Giovanni Sardagna, the Investor Relations Director. Please proceed sir.

Giovanni Sardagna

Thank you Karen and welcome to Tenaris 2012 first quarter conference call. Before we start, I would like to remind you as usual that we will be discussing forward-looking information in the call and that our actual results may vary from those expressed or implied here-in. Factors that could affect those results include those mentioned in the company’s 20-F and other documents filed with the SEC.

With me on the call today are Paolo Rocca, our Chairman and CEO; Guillermo Vogel, Vice President of Finance and Member of our Board of Directors. Ricardo Soler, our Chief Financial Officer; Alejandro Lammertyn, the Managing Director of our Eastern Hemisphere Corporation; and joining us from Huston, Germán Curá, the Managing Director of our North American Operation.

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