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Berkshire Hathaway Inc. (BRK.B) is a diversified holding company with core operations and strategic investments across insurance, transportation, energy, and manufacturing sectors. This news hub provides investors with official updates from Omaha headquarters and subsidiary operations worldwide.
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Berkshire Hathaway announced that their Annual Shareholders Meeting will take place in person on April 30, 2022, at the CHI Health Center in Omaha, Nebraska. The company acknowledged a previous error regarding the meeting's location clarity and reaffirmed that Omaha remains the venue of choice. Berkshire's 2021 Annual Report will include further details, available online on February 26, 2022. The meeting will also be webcast, ensuring accessibility for shareholders.
The Berkshire Hathaway Annual Shareholders Meeting is scheduled for April 30, 2022, in Omaha, Nebraska, with plans for in-person attendance and a webcast. The 2021 Annual Report will be posted online on February 26, 2022, providing further details about the meeting. Stakeholders can find additional updates on the company's official website. Berkshire Hathaway, trading under symbols BRK.A and BRK.B, is engaged in various sectors including insurance, utilities, and manufacturing.
Mouser Electronics partners with DRAGON / PENSKE AUTOSPORT for the 2021–22 ABB Formula E FIA World Championship, marking their eighth consecutive year of collaboration. The season kicks off with double-header races in Diriyah on January 28 and 29, featuring electric vehicles that showcase advancements in sustainable automotive technologies. The partnership includes collaboration with TTI, Molex, and KYOCERA AVX, highlighting the focus on innovative electric vehicle technology. Notable drivers include Sérgio Sette Câmara and Antonio Giovinazzi, with a total of 16 races planned for the season.
Marmon Retail Solutions, a Berkshire Hathaway company, has acquired Big Red Rooster Flow (BRRF) and Project CSI as of November 18, 2021. The acquisition enhances their service offerings in program management and construction for retail fuel, drug, and quick-serve restaurant sectors. BRRF utilizes proprietary software for brand management, while Project CSI oversees branding and remodeling installations. This strategic move aims to bolster Marmon’s market position and service capabilities.
Mouser Electronics announces its associate sponsorship of the Vasser Sullivan Lexus IMSA WeatherTech SportsCar Championship for the 2022 season. Collaborating with Molex, they will sponsor two Lexus RC F GT3 entries. The season begins on January 21 with the Roar Before the Rolex 24 at Daytona. Mouser's partnership aims to leverage their technical expertise to enhance the racing team's performance. This marks a continuation of successful collaborations, as the Lexus RC F GT3 has achieved seven GTD class wins over three seasons.
Mouser Electronics has added a record 113 new manufacturers to its line card in 2021, significantly increasing product choices for design engineers and purchasing professionals. This expansion is particularly notable in the Internet of Things (IoT) and 5G sectors. Mouser's commitment to providing the latest components helps clients avoid costly manufacturing delays. The company manages over 1.1 million unique SKUs across various product categories, offering global distribution capabilities.
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.
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.