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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.
Mouser Electronics, a distributor of semiconductors and electronic components, has been named the 2020 Catalog Distributor of the Year by RECOM Power. This recognition highlights Mouser's commitment to new product introductions and substantial global customer growth. RECOM's President expressed appreciation for Mouser's long-standing relationship and anticipated continued success. Mouser offers a comprehensive selection of new RECOM products, including advanced AC/DC converters, aiming to support design engineers worldwide.
Johns Manville, a Berkshire Hathaway company, has unveiled its new JM Corbond® High Yield Open-Cell Spray Polyurethane Foam insulation. This innovative product boasts the highest yield in its category, providing superior performance and ease of installation for contractors. It features a low-density, water-blown formulation with an R-value of 3.6 per inch, making it ideal for energy-efficient buildings. With annual sales exceeding $3 billion and a strong market presence, Johns Manville continues to lead in building insulation solutions.
Mouser Electronics has been awarded the 2020 Global e-Catalog Distributor of the Year by Molex for the second consecutive year, marking the fifth time overall. The award recognizes Mouser's success in driving financial growth and significant customer expansion for Molex due to excellent customer service and product diversity. Mouser also received several regional awards earlier this year. This acknowledgment highlights Mouser's ability to provide access to over 31,000 Molex products ready for shipment, affirming its position as a top distributor of electronic components.
McLane Company, a major supply chain services firm, announced that 19 drivers from its Foodservice division have been inducted into the 2021 IFDA Truck Driver Hall of Fame, recognizing their exceptional service and safety records. This brings the total inductees to 32 since 2018, with the 2021 class contributing a combined 594 years of service. The Hall of Fame celebrates drivers meeting stringent criteria, including at least 25 years of service without chargeable accidents. McLane, a Berkshire subsidiary, operates over 80 distribution centers across the U.S.
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