Fastenal GAAP EPS of $0.52 in-line, revenue of $1.88B misses by $10M
Fastenal press release  (NASDAQ:FAST): Q2  GAAP EPS of $0.52 in-line.
Revenue of $1.88B (+5.9% Y/Y)  misses by $10M.
This was primarily due to growth at our Onsite locations, particularly those opened in the last two years, which more than offset lower revenues in construction and reseller end markets related to the execution of our go-to-market branch strategy. Foreign exchange negatively affected sales in the second quarter of 2023 by approximately 40 basis points.