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Medline Inc
NASDAQ:MDLN

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Medline Inc
NASDAQ:MDLN
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Price: 45.6 USD -0.2% Market Closed
Market Cap: $37B

Medline Inc
Investor Relations

Medline Inc is a US-based company operating in Health Care Equipment & Supplies industry. The company is headquartered in Northfield, Illinois. The company went IPO on 2025-12-17. Medline Inc. is a provider of medical-surgical products and supply chain solutions serving all points of care. The firm delivers mission-critical products used daily across the full range of care settings, from hospitals and surgery centers to physician offices and post-acute facilities. The company operates through two segments: Medline Brand and Supply Chain Solutions. These segments offer approximately 335,000 medical-surgical products, including surgical and procedural kits, gloves and protective apparel, urological and incontinence care, wound care, and consumable lab and diagnostics products. Its Medline Brand products are organized into three product categories: Front Line Care, Surgical Solutions, and Laboratory and Diagnostics. The Supply Chain Solutions segment procures and distributes a variety of third-party products from national brands and also provides tailored logistics and supply chain optimization services to domestic and international consumers.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 25, 2026
AI Summary
Q4 2025

Strong year: Medline said 2025 was a milestone year, with net sales of $28.4 billion, up 12%, and strong fourth-quarter momentum.

Tariff pressure: Tariffs remained a major headwind, but management said mitigation, sourcing changes, and a price increase helped offset part of the burden; 2026 still includes a $200 million tariff headwind.

Growth drivers: New customer signings were a major highlight, with $2.4 billion of total new signings in 2025, including major wins in VA, lab, and large integrated delivery networks.

2026 outlook: Medline guided to 8% to 9% organic sales growth and $3.5 billion to $3.6 billion of adjusted EBITDA, while saying utilization may soften a bit if reimbursement pressure worsens.

Balance sheet: The IPO strengthened liquidity, with $7 billion raised, $4 billion used to pay down debt, and net leverage falling to 3.1x.

Automation push: The company is expanding AutoStore and piloting Symbotic bulk-picking automation, aiming to improve speed, accuracy, and capacity across its distribution network.

Key Financials
Net sales
$7.8 billion
Net sales
$28.4 billion
Adjusted EBITDA
$805 million
Adjusted EBITDA
$3.5 billion
Adjusted EBITDA margin
10%
Adjusted EBITDA margin
12.2%
Free cash flow
$1.3 billion
Capital expenditures
$447 million
Cash and cash equivalents
$1.9 billion
Net leverage
3.1x
Debt paydown
$4 billion
IPO proceeds raised
over $7 billion
New customer signings
$2.4 billion
Tariff impact
approximately $290 million
Incremental tariff headwind
$200 million
Fully diluted shares outstanding
approximately 1.4 billion
Total new customer signings increase
$3 billion
Other Earnings Calls
2025

Management

Mr. James M. Boyle
CEO & Director
No Bio Available
Mr. James M. Pigott
President
No Bio Available
Mr. Michael B. Drazin
Chief Financial Officer
No Bio Available
Mr. Stephen L. Miller
Chief Operating Officer
No Bio Available
Mr. Christopher P. Shryock
Chief Human Resources Officer
No Bio Available
Mr. Douglas P. Golwas
Chief Commercial Officer
No Bio Available
Mr. Marshall Lancaster
Chief Information Officer
No Bio Available
Ms. Karen M. King
Global Head Investor Relations
No Bio Available
Mr. Alex M. Liberman
Chief Legal Officer
No Bio Available
Mr. Ben Fox
Vice President of Corporate Communications
No Bio Available

Contacts

Address
ILLINOIS
Northfield
3 Lakes Drive
Contacts
+18479495500
ir.medline.com
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