Berkshire Hathaway Inc. - BRK.A STOCK NEWS

Berkshire Hathaway will release its 2020 Annual Report on February 27, 2021, at around 8:00 a.m. ET. The report will be available online at www.berkshirehathaway.com and will include Warren Buffett’s letter to shareholders along with vital financial data. In conjunction with the report, an earnings release will also be issued. Berkshire Hathaway engages in a variety of business sectors, including insurance, utilities, and manufacturing, with common stock traded under the symbols BRK.A and BRK.B.

GreenPower Motor Company (NASDAQ: GP) announced an exclusive purchase agreement with Forest River, a Berkshire Hathaway company (NYSE: BRK.A), for up to 150 EV Star Cab and Chassis units. The EV Star CC will support Forest River's new zero-emission product line. Initial deliveries include six units this quarter, with the remaining units expected over 36 months. Forest River is a major player in the bus and recreational vehicle markets, boasting over $5 billion in annual revenues and 10,000 employees.

SAN FRANCISCO--BUSINESS WIRE reports on recent developments from DD TEST. Highlights include a focus on innovative product developments aimed at improving user engagement and operational efficiency. The company emphasizes the importance of maintaining high standards in service delivery and customer satisfaction. No specific financial metrics or stock performance indicators were disclosed, leaving investors awaiting further details on potential impacts.

Berkshire Hathaway Inc. (BRK.A; BRK.B) announced that its 2021 Annual Meeting of Shareholders will be held virtually on May 1, 2021, due to safety concerns for attendees amidst ongoing health issues. The format will mirror the earlier virtual meeting, streaming via Yahoo. Berkshire plans to include further details in its 2020 Annual Report, set for online release on February 27, 2021, and in its proxy statement in mid-March 2021. The company expressed hope that the 2021 meeting will be the final virtual gathering, with expectations to return to in-person meetings in 2022.

Berkshire Hathaway (BRK.A) reported strong earnings for Q3 2020, with net earnings reaching $30.1 billion compared to $16.5 billion in Q3 2019. For the first nine months, net earnings totaled $52.3 billion, down from $6.7 billion in 2019. Notable investment gains included $24.8 billion in Q3, while operating earnings fell to $5.5 billion, down from $8.1 billion the previous year. Share repurchases were significant, totaling approximately $9 billion in Q3, increasing the total for the year to $16 billion.

Dominion Energy (NYSE: D) announced the completion of a significant sale to Berkshire Hathaway Energy for about $2.7 billion in cash and $5.3 billion in related debt. The transaction includes over 5,500 miles of gas transmission pipelines and substantial gas storage capacity. Additionally, a follow-on sale of Questar Pipelines is anticipated in early 2021, expected to further reduce debt by nearly $6 billion and involve $430 million in debt transfer. The company also plans a share repurchase program totaling at least $3 billion.

Dominion Energy (D) announced updates regarding its sale of gas transmission and storage assets to Berkshire Hathaway (BRK.A). The deal, excluding Questar Pipelines, is expected to close around November 1, 2020, for $2.7 billion in cash and $5.3 billion in debt assumption. A second phase involving Questar Pipelines is anticipated in early 2021 for $1.3 billion. The company has initiated over $500 million in share repurchases and aims for at least $3 billion total by early 2021. Dominion also raised its 2020 earnings per share guidance to the upper range of $3.37 to $3.60.