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Mouser Electronics, a Berkshire Hathaway company, has launched a new Purchasing Resource Library aimed at aiding electronics purchasing professionals. This platform provides a variety of articles and instructional videos on crucial topics, including innovations in electronics design and supply chain challenges. It features partnerships with leading manufacturers like Coilcraft and Analog Devices, offering insights on components such as inductors and ADCs. Overall, this resource enhances buyer capabilities by facilitating informed purchasing decisions, making it easier for professionals to navigate the evolving electronics landscape.
The Lubrizol Corporation has named Mary Rhinehart as interim president and CEO, effective immediately. Previously serving as the chair of Lubrizol’s board, she succeeds Chris Brown, who focused on safety and operational excellence since 2021. Rhinehart, also the president and CEO of Johns Manville, a Berkshire Hathaway company, has over 40 years of leadership experience. She will lead the search for a new CEO while continuing her role as board chair, aiming to enhance customer value and community support.
International Dairy Queen, through FountainVest Partners, is set to expand its presence in China by opening 600 DQ restaurants by 2030. The initial phase starts with 100 locations in 2022. This move aims to strengthen DQ's foothold in one of the fastest-growing markets for quick service restaurants (QSR). With over 1,100 existing DQ locations, the company has shown strong performance in the region, supported by innovative product offerings tailored to the local market.
Mouser Electronics announces the launch of the 2022 edition of its Empowering Innovation Together program, which includes six installments focusing on cutting-edge technologies, starting with RISC-V architecture. This program offers various resources such as podcasts, videos, and articles to advance understanding and innovation. The first podcast features discussions between Mouser's Raymond Yin and RISC-V International's Mark Himelstein on the significance of RISC-V, its future, and its benefits in enhancing stability and scalability.
Mouser Electronics has announced its sponsorship of the 20th Create the Future Design Contest, aimed at fostering innovation globally. Co-sponsored by Intel and Analog Devices, the contest invites submissions until July 1, 2022, with a grand prize of $25,000 for a product that benefits society. The competition highlights significant designs improving healthcare and sustainability, with previous entries from over 100 countries. Mouser emphasizes its support for engineers and innovation in technology.
Berkshire Hathaway reported significant growth in its fourth quarter and full year 2021 results, with net earnings attributable to shareholders reaching $39.6 billion for Q4 and $89.8 billion for the full year, compared to $35.8 billion and $42.5 billion in 2020, respectively. Operating earnings grew to $7.3 billion in Q4 from $5.0 billion in 2020. The company repurchased approximately $6.9 billion in shares during Q4, totaling $27 billion for the year. As of December 31, 2021, there were 1.4 million Class A equivalent shares outstanding.
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Berkshire Hathaway Inc. will release its 2021 Annual Report on February 26, 2022, at 8:00 a.m. ET, available at www.berkshirehathaway.com. The report will include an earnings release and Warren Buffett’s letter to shareholders. Additionally, it will provide insights into Berkshire's financial status and operations. The Annual Shareholder Meeting is scheduled for April 30, 2022. Berkshire Hathaway, trading under BRK.A and BRK.B, is involved in various sectors including insurance, utilities, and manufacturing.
McLane Company, Inc., a major supply chain services firm, is set to host its second annual National Hiring Day on February 25, 2022, aiming to recruit over 2,000 drivers and warehouse teammates. Job seekers aged 18+ for warehouse roles and 21+ for drivers can apply in person at any of McLane's 71 distribution centers nationwide from 9 a.m. to 6 p.m.. Immediate job offers may be available, and no reservations or resumes are needed.
McLane offers competitive benefits, including affordable health care, a 401(k) plan with employer match, paid holidays, and more.
Mouser Electronics is enhancing its global distribution center with cutting-edge automation, including the world's largest installation of 120 vertical lift modules (VLMs). This initiative aims to boost efficiency, reduce order processing time by 45%, and improve customer satisfaction. The center, located in the Dallas-Fort Worth area, manages over 1 million unique SKUs and processes tens of thousands of orders weekly. The investment in automation is expected to streamline operations and support sustainable practices, ultimately enhancing customer service.