Medline Inc. reported second quarter and first six months 2026 results on August 5, 2026. Second quarter net sales increased 11.6% to $7.7 billion, while net income decreased 58.3% to $139 million due to a $336 million loss from a fire at its Tracy, California distribution center and higher operating expenses. Adjusted EBITDA rose 13.4% to $1.1 billion, supported by $243 million in net IEEPA tariff refund benefits partially offset by $89 million in customer repayments. The company updated its full year 2026 organic sales growth guidance to 9.0%-10.0% and Adjusted EBITDA guidance to $3.3-$3.4 billion, citing inflationary pressures and retail channel softness. Medline Inc. is the largest provider of medical-surgical products and supply chain solutions serving all points of care.

Stephen L. Miller, Chief Operating Officer of Medline Inc., notified the company of his intention to retire for health-related reasons, effective August 30, 2026. The company has initiated a search for a successor. Medline Inc. is a medical products and services company.

Medline Inc. issued $1,250.0 million in 5.000% senior secured notes due 2031 and $750.0 million in 5.250% senior secured notes due 2033, while refinancing its existing term loan with a new $2,750.0 million facility. Additionally, selling stockholders completed an underwritten public offering of 72,554,594 shares of Class A common stock at $37.00 per share.