Ternium (TX) reported Q4 adjusted loss late Tuesday of $0.42 per American depositary share, compared with $2.11 profit a year earlier.

Sales in the quarter ended Dec. 31 were $3.88 billion, down from $4.93 billion a year earlier.

Analysts surveyed by FactSet expected $4.19 billion.

The company said its board proposed an annual dividend of $2.70 per ADS, including interim dividend of $0.90 per ADS paid in Q4. If approved, a dividend of $1.80 per ADS will be paid on May 14 to shareholders of record on May 9.

Shares of Ternium were down more than 4% in after-hours activity.