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Berkshire Hathaway Inc. is an American multinational conglomerate holding company with its headquarters in Omaha, Nebraska, United States. The company's primary business is insurance, which it uses to invest in various subsidiaries, equity positions, and other securities. Berkshire Hathaway operates in diverse sectors, including insurance, utilities, energy, manufacturing, service, and retail operations. The conglomerate is known for its decentralized structure, allowing autonomy to its subsidiaries.
Mouser Electronics has been named 2021 Catalog Distributor of the Year by RECOM Power Inc, recognizing its excellence in New Product Introductions and rapid global customer growth. This award reflects the strong partnership between the companies, highlighting Mouser's commitment to promoting RECOM's products effectively. Mouser offers an extensive range of RECOM's latest power supplies, including AC/DC and DC/DC converters. The distributor, a subsidiary of Berkshire Hathaway, serves over 650,000 customers worldwide.
Mouser Electronics has been recognized as the 2021 e-Commerce Distributor of the Year by Bourns, a leading electronic components manufacturer. The award highlights Mouser's exceptional sales performance and innovative marketing strategies that contributed to growth. This partnership has flourished over 20 years with a focus on quality and customer service. Mouser has previously won multiple top awards from Bourns, showcasing its strong position in the electronics distribution market. The company continues to stock a wide range of Bourns products for engineers globally.
Mouser Electronics has been awarded the 2021 Distributor of the Year by Hirose Electric USA for exceptional sales growth and customer service. The award was presented by Hirose's Distribution Manager Adrian Orat at EDS 2022 in Las Vegas. Mouser celebrates its continuous partnership with Hirose, highlighting their collaborative success over the years. Mouser offers a wide range of Hirose products, including innovative mini coaxial and waterproof automotive connectors, and emphasizes its commitment to customer service and satisfaction.
Mouser Electronics announced its role as a Philanthropic Partner for the 2022 ExCEllence in Senior Design Showcase at the University of Texas at Dallas on May 19-20. The event showcases electrical and computer engineering students' innovative senior projects. Senior Vice President Hayne Shumate will deliver the keynote address. Mouser emphasizes its commitment to education, offering resources for students and educators. The ESD Showcase, launched in May 2019, now involves nearly 20 universities and aims to highlight engineering design skills.
Mouser Electronics has been awarded the 2021 Distributor Partner of the Year by Neutrik Americas, recognizing its significant sales growth and cooperative marketing efforts. Neutrik, a leader in AVL connectivity solutions, praised Mouser for its commitment to mutual business success. Mouser has previously won multiple awards from Neutrik, including Outstanding Performance awards in 2020, 2019, and 2017. This recognition showcases Mouser's dedication to providing top-tier service and support to its customers and business partners.
Mouser Electronics, a Berkshire Hathaway company, emphasizes its commitment to customer service with the launch of enhanced online tools aimed at streamlining the selection and purchasing process for semiconductors and electronic components. The redesigned Services and Tools page offers features such as order tracking, technical support, and the Intelligent BOM Tool. The Help Center consolidates customer support resources, making it easier for users to access information and manage orders. Mouser aims to improve the efficiency of design and engineering projects through these resources.
Berkshire Hathaway reported a significant decline in net earnings for Q1 2022, with net earnings attributable to shareholders at $5.46 billion, down from $11.71 billion in Q1 2021. Operating earnings were $7.04 billion, slightly up from $7.02 billion a year prior. Investment losses totaled $1.58 billion in Q1 2022, contrasting with gains of $4.69 billion in Q1 2021. Share repurchases amounted to $3.2 billion in Q1 2022, and insurance float increased to $148 billion.
On April 30, 2022, Berkshire Hathaway will release its first quarter earnings report and Form 10-Q at 7:00 a.m. Central time, accessible via www.berkshirehathaway.com. The company will also hold its 2022 Annual Shareholders Meeting on the same day, featuring a Q&A session with key executives, including Warren Buffett and Charlie Munger, starting at approximately 9:15 a.m. Central time. This event will be streamed live, beginning at 8:45 a.m. Central time, on CNBC.