Medline tallies tariff refunds as Q2 sales rise 11.6%
Medline Inc. recorded $243 million in net tariff refunds that it realized during its current fiscal year by the end of its Q2. Those funds arrived against the backdrop of an overall net income decline of 58.3% year over year to $139 million for the quarter ended June 27. Despite that decrease, the medical supply […] The post Medline tallies tariff refunds as Q2 sales rise 11.6% appeared first on Digital Commerce 360.
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Medline Inc. recorded $243 million in net tariff refunds that it realized during its current fiscal year by the end of its Q2. Those funds arrived against the backdrop of an overall net income decline of 58. 3% year over year to $139 million for the quarter ended June 27.
Despite that decrease, the medical supply company outlined its growth plans for the rest of its fiscal year. In addition, it reported an overall sales increase of 11. 6% to $7. 7 billion for the same period. Jim Boyle, chief executive officer of Medline, said Q2 reflected “strong execution of our growth strategy” and “operational resilience.”
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