Ternium Q4 Earnings Plunge - Quick Facts

(RTTNews) - Steel maker Ternium S.A. (TX) said its net income for the fourth quarter 2014 fell to $60.1 million from $171.1 million in the year-ago quarter. Quarterly earnings per ADS amounted to $0.31, significantly lower than $0.64 reported last year. On average, 5 analysts polled by Thomson Reuters expected earnings of $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

The firm clocked net sales of $2.15 billion for the quarter, compared with the prior-year figure of $2.12 billion, while 4 analysts estimated $2.27 billion in sales. EBITDA for the recent three-month period totaled $300.9 million.

Ternium said it had record steel shipments in 2014, mainly due to a 13% increase in shipments in the Mexican market.