Berkshire Hathaway Inc. Earnings Report (Q3 2021)

Berkshire Hathaway Inc. (BRK.A and BRK.B) reported strong operating profits despite various share buybacks
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Berkshire Hathaway Inc., the US equity investment firm and holding company with famous stock trader Warren Buffett at its figurehead, has seen profits and capital recover from COVID-19. It has a market capitalisation of over $650 billion and its Class A shares are one of the most expensive you can buy on the stock exchange.

Earnings for Berkshire Hathaway Inc. (Ordinary Class A and Class B common stocks) and its consolidated subsidiaries was released Saturday morning. The financial results were strong due to recovery in various sectors as the pandemic’s impact on equity markets wain.

Operating profits came in at $6.47 billion (vs $5.47 billion in Q3 2020, up 18% year on year). Over the first nine months of 2021, Berkshire’s operating profits stand at $20.1 billion.

Net earnings for Berkshire Class A shareholders came in at $6,882 (vs $18,994 in Q3 2020). Net earnings for Class B shares was $4.29 (vs $12.66 in Q3 2020).

In its press release, Berkshire Hathaway said:

“Beginning in the third quarter of 2020, many of our businesses experienced significantly higher sales and earnings relative to the second quarter, reflecting higher customer demand. The extent of the effects over longer terms cannot be reasonably estimated at this time.”

Berkshire Hathaway’s cash pile came in at a record $149.2 billion at the end of September 2021, despite many aggressive share buybacks in the company totalling $20.2 billion year to date ($7.6 billion which came from this quarter.)

Please note that the limited information available in this article is insufficient for current or prospective investors (either Class A or Class B) to make informed judgments on their equity positions of Berkshire Hathaway Inc. Those who wish to manage their Berkshire Hathaway portfolio (or, indeed, buy shares of the firm) should read their 10-Q form to the Securities Exchange Commission by clicking on the link below.

https://www.berkshirehathaway.com/qtrly/3rdqtr21.pdf

Shares of Berkshire Hathaway Inc. Class A common stock rose 0.21% ($898) to $434,000 per share in extended trading. Class B shares rose 0.39% ($1.12) to $289 per share. Other Berkshire Hathaway subsidiary and dividend shares also rose.

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