Operator
Good day, and thanks for standing by. Welcome to the third quarter Tenaris S.A. Earnings Convention Name. [Operator Instructions]. Please be suggested that right now’s convention is being recorded.
I might now like at hand the convention over to your speaker right now, Giovanni Sardagna, Investor Relations Officer. Please go forward.
Giovanni Sardagna
Investor Relations Director
Thanks, Gigi, and welcome to Tenaris 2025 Third Quarter Convention Name. Earlier than we begin, I wish to remind you that we are going to be discussing forward-looking info through the name and that our precise outcomes could range from these expressed or implied through the name.
With me on the decision right now are Paolo Rocca, our Chairman and CEO; Carlos Gomez Alzaga, our Chief Monetary Officer; Gabriel Podskubka, our Chief Working Officer; and Guillermo Moreno, President of our U.S. operations.
Earlier than passing over the decision to Paolo for his opening remarks, I wish to briefly touch upon our quarterly outcomes. Our third quarter gross sales reached $3 billion, up 2% year-on-year, however down 3% sequentially, primarily reflecting decrease gross sales to the North Sea and decrease shipments for offshore line pipe initiatives within the Center East, partially
