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Medline Q2 Earnings Call Highlights
['Michael Walen']
Markets Daily
Customer repayments associated with IEEPA tariff refunds reduced segment growth by about three percentage points, according to Chief Financial Officer Mike Drazin.
Medline said it has $507 million in total tariff refunds available.
Guidance Raised for Sales, Lowered for EBITDAMedline raised its full-year organic sales growth outlook to 9% to 10%, from 8.5% to 9.5%.
The outlook includes $89 million in IEEPA tariff refunds that Medline plans to provide to customers.
The revised outlook excludes IEEPA tariff refunds but includes external and internal pressures.