Medline Industries: +25.9%
Medline Industries: +25.9%2020 revenue: $17,500,000,000
Medical supply manufacturer Medline Industries’ revenue increased in 2020 as it expanded its footprint by nearly 1 million square feet to meet the growing demand for face masks and other essential medical equipment during COVID-19.
The Northfield, Ill.–based company reported $17.5 billion in sales in 2020, a 25.9% increase from 2019 when it made $13.9 billion in sales. In comparison, the company’s revenue increased 18.8% between 2018 and 2019 when there wasn’t a pandemic.
Medline’s headcount has remained the same since 2018 with 27,000 reported employees.
In 2020, Medline Industries expanded its manufacturing operations to support the growing demand for medical supplies. It opened several 1 million ft2 or larger distribution centers in the U.S. — an 820,000 ft2 facility in Uxbridge, Mass., and a 145,000 ft2 facility in Anchorage. Medline also expanded its manufacturing at its Lithia Springs, Ga. plant to produce 36 million face masks per month.
“Throughout the pandemic, Medline has been laser-focused on implementing new ideas to combat the national shortage of medical supplies. In particular, our customers have a critical need for readily available face masks. This is a significant capital investment in one of our largest manufacturing facilities that will increase the number of face masks Medline can offer to healthcare facilities and diversifies our PPE supply chain,” CEO Charlie Mills said in a news release.
