Why did MTUS's EPS trend downward in 2024?

Metallus Inc.'s (NYSE: MTUS) EPS trended downward in 2024 due to a combination of factors:

1. **Unusual Items**: Metallus' profit was reduced by $10 million due to unusual items over the last year. These one-time expenses significantly impacted the company's financial performance, making its statutory profit weaker than it would otherwise be.
2. **Market Pressures**: The company faced ongoing market pressures, which were reflected in its financial results. Despite sequential growth in net sales and adjusted EBITDA, Metallus experienced a GAAP net loss and reduced revenue. These pressures likely contributed to the decline in EPS.
3. **Analyst Estimates and Outlook**: Analysts at Sidoti Csr decreased their EPS estimates for Metallus in a research report issued on May 13, 2024. This adjustment in estimates suggests that industry experts were also anticipating a decline in Metallus' earnings per share.

In summary, Metallus' EPS trended downward in 2024 primarily due to the impact of unusual items on its profit and ongoing market pressures.