Medline(NASDAQ) MDLN

Medline Inc. makes and ships medical supplies to healthcare providers. It helps hospitals and doctor offices get the tools they need. The company provides everything from surgical gloves to lab equipment.

What's in the Box?

• Supply Chain Solutions: Distribution of third-party products and logistics services; accounts for 53.9% of total net sales for the three-month period ended June 27, 2026.
• Surgical Solutions: Operating room products including trays, drapes, gowns, and implants; part of the Medline Brand segment which accounts for 46.1% of total net sales for the same period.
• Frontline Care: Patient-facing items like wound care treatments, exam gloves, and nursing supplies; part of the Medline Brand segment.
• Laboratory and Diagnostics: Clinical testing equipment, monitoring systems, and lab consumables; part of the Medline Brand segment.

Strategic Moves and New Sites

• Completed an initial public offering on Dec. 18, 2025.
• Executed secondary public offerings of Class A common stock in March and May 2026.
• Entered lease agreements for two new distribution centers in Northern California in June 2026.
• Expanded manufacturing facilities in Mexico and other regions during the first half of fiscal year 2026.

A Connected Care Network

Medline operates a Prime Vendor model supported by a specialized distribution network and commercial platform. The company maintains vertically integrated manufacturing and a sourcing footprint to manage global supply chain challenges.

Measuring Recent Performance

• Net sales reached $7.7 billion for the three-month period ended June 27, 2026, up 11.6% year over year.
• Net income was $139 million for the three-month period ended June 27, 2026, down 58.3% year over year.
• Adjusted EBITDA, which the company uses to assess performance by removing non-core items, hit $1.1 billion for the three-month period ended June 27, 2026.
• Total indebtedness was $12.8 billion as of June 27, 2026, including senior secured and unsecured notes.

The Big Picture

Medline has transitioned from a private entity to a public company while expanding its role as a primary distributor and manufacturer for the healthcare industry. Its integrated supply chain and product breadth help stabilize operations across diverse care settings.