Berkshire Hathaway Inc. - BRK.A STOCK NEWS

HomeServices of America, a Berkshire Hathaway affiliate, completed five acquisitions in 2021, adding 1,400 sales associates and $8 billion in closed sales volume. The acquired companies include Bennion Deville Homes, Berkshire Hathaway HomeServices Alliance Real Estate, Beach Properties of Florida, Hegg Realtors, and Joe Moholland Moving. These transactions aim to enhance HomeServices' commitment to a 'customer-for-life' approach and strengthen its market position, bringing its total to nearly 46,000 sales associates across 33 states.

McLane Company, a leader in supply chain services, has appointed Chris Smith as President of McLane Grocery, a business unit with $33 billion in sales, serving over 70,000 retailer locations. Smith brings extensive experience from Walgreens Boots Alliance, C&S Wholesale, and McKesson Corporation. His leadership is expected to enhance McLane's operational effectiveness. McLane operates over 80 distribution centers and is part of Berkshire Hathaway (NYSE: BRK). The move signals a strategic step towards bolstering supply chain capabilities.

Mouser Electronics has launched the final installment of its 2021 Empowering Innovation Together program, focusing on industrial automation and machine learning. This series includes engaging content such as blogs, infographics, and podcasts, featuring discussions on functional safety standards and the potential of automation. The program is sponsored by notable manufacturers, aiming to showcase new products and technological developments. Mouser, a Berkshire Hathaway company, continues to serve over 630,000 customers globally, providing a vast selection of electronic components and technical resources.

Berkshire Hathaway Inc. (BRK.A; BRK.B) reported third-quarter net earnings of $10.34 billion for 2021, compared to $30.14 billion in 2020. Year-to-date earnings reached $50.15 billion, significantly up from $6.69 billion in the same period last year. Operating earnings also rose to $6.47 billion for the quarter, a year-over-year increase from $5.48 billion, driven by contributions from insurance and other business segments. The company utilized $7.6 billion for stock repurchases, totaling approximately $20.2 billion for 2021. As of September 30, 2021, insurance float stood at $145 billion.

Berkshire Hathaway will release its third quarter earnings and 10-Q report on November 6, 2021, at 7:00 a.m. Central time. The financial results will be accessible on their website, www.berkshirehathaway.com. Berkshire Hathaway engages in various sectors such as insurance, utilities, manufacturing, and retailing. The company trades under the symbols BRK.A and BRK.B on the New York Stock Exchange. Investors should note that the statements in the release may contain forward-looking elements and are not guaranteed.

Berkshire Hathaway Inc. (BRK.A; BRK.B) has elected Susan A. Buffett and Christopher C. Davis to its Board of Directors. Ms. Buffett chairs the Susan Thompson Buffett Foundation and the Sherwood Foundation, while Mr. Davis leads Davis Select Advisors, managing over $25 billion in assets. With diverse business interests in insurance, energy, transportation, and retail, Berkshire continues to expand its leadership team, potentially enhancing its strategic direction and investment opportunities.

Mouser Electronics has been awarded the Distributor of the Year for 2020 by Hirose Electric USA. This award acknowledges Mouser's strong sales performance, growth, and exceptional customer service. Mouser has maintained a fruitful partnership with Hirose for 12 years, significantly contributing to customer loyalty and satisfaction. Despite industry challenges, Mouser experienced substantial growth in 2020, showcasing its adaptability and market understanding. The company continues to offer a wide range of Hirose products, solidifying its position as a key player in the electronic components distribution market.