Reliance Steel & Aluminum (NYSE: RS) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Reliance Steel & Aluminum met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share shrank significantly. GAAP earnings per share shrank significantly.

Margins shrank across the board.

Revenue details
Reliance Steel & Aluminum recorded revenue of $2.45 billion. The 10 analysts polled by S&P Capital IQ looked for sales of $2.47 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $2.21 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.14. The 12 earnings estimates compiled by S&P Capital IQ forecast $1.19 per share. Non-GAAP EPS of $1.14 for Q2 were 21% lower than the prior-year quarter's $1.44 per share. GAAP EPS of $1.05 for Q2 were 27% lower than the prior-year quarter's $1.44 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 25.4%, 40 basis points worse than the prior-year quarter. Operating margin was 5.9%, 250 basis points worse than the prior-year quarter. Net margin was 3.3%, 160 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $2.53 billion. On the bottom line, the average EPS estimate is $1.31.

Next year's average estimate for revenue is $9.52 billion. The average EPS estimate is $4.83.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 544 members out of 572 rating the stock outperform, and 28 members rating it underperform. Among 131 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Reliance Steel & Aluminum a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Reliance Steel & Aluminum is outperform, with an average price target of $71.92.

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