Medline hit by California facility fire; shares slide

Medline

12/06/2026 13:39

** Shares of medical supply giant Medline MDLN.O fall 2.8% to $36.09 premarket
** Several news outlets reported Thursday that a massive fire engulfed Medline's distribution center in Tracy, California. No injuries were reported
** This means that the facility has been taken offline as the company reviews orders and sets contingency plans to support customers, brokerage Leerink Partners says 
** Leerink says outage could cause near-term disruption in product availability and fill rates
** Brokerage says impact likely to be treated as a one-time item, tied to inventory loss and insurance recovery
** Notes Medline has over 28 mln sq ft of warehousing, with nearby sites helping mitigate disruption
** As of last close, stock down ~12% YTD

 (Reporting by Sahil Pandey in Bengaluru)
 ((Sahil.Pandey@thomsonreuters.com))