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Berkshire Hathaway Inc. (BRK.A) maintains its position as a global conglomerate through strategic investments across insurance, energy, manufacturing, and retail sectors. This news hub provides investors with official announcements, regulatory filings, and market analysis related to BRK.A's diverse business operations.
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Mouser Electronics has enhanced its distribution capabilities by installing 102 vertical lift modules (VLMs) at its Dallas-Fort Worth facility, the largest installation in the Western Hemisphere and fourth largest globally. This advanced automation is aimed at improving order processing speed and accuracy. The center manages over 1.1 million unique SKUs and processes tens of thousands of orders weekly, with most completed within 15 minutes. These technological advancements not only boost operational efficiency but also contribute to improved sustainability and customer satisfaction.
Mouser Electronics has released the fifth installment of its 2021 Empowering Innovation Together program, focusing on intelligent transportation systems. This edition features a podcast episode with Dr. Maxime Flament discussing the integration of 5G technology in transportation. The series includes multimedia content such as blogs, infographics, and videos, highlighting the industry's shift towards safe and intelligent transport solutions. Sponsored by several leading manufacturers, the program emphasizes emerging technologies reshaping the automotive landscape.
Mouser Electronics is expanding its workforce at its headquarters in Mansfield, Texas, due to strong business growth. The company launched a new Careers site to simplify the application process and is hosting a Drive-Thru Job Fair on September 18. With over 3,000 employees globally, including roughly 2,000 in Mansfield, Mouser offers competitive pay and benefits, including a fitness center and health clinic. Notably, the company has not experienced layoffs since its inception in 1964, showcasing its commitment to growth and employee welfare.
Mouser Electronics is enhancing the North Texas job market by hosting a Drive-Thru Job Fair on September 18 from 9 a.m. to 1 p.m. at its headquarters in Mansfield. The company is seeking full-time employees for various roles, offering competitive pay starting at $17 per hour and comprehensive benefits. With over 2,000 employees, Mouser is Mansfield’s largest private employer, recognized as the Large Employer of the Year. Candidates can apply online, and the job fair will take place with safety measures in place.
HomeServices of America, a subsidiary of Berkshire Hathaway, has acquired Berkshire Hathaway HomeServices Hudson Valley Properties, a leading real estate company in the Mid-Hudson Valley. This acquisition significantly strengthens HomeServices' presence in the Northeast residential real estate market. Hudson Valley Properties, which has dominated the local market for 29 years, closed nearly 4,300 units worth $1.53 billion in sales over the last year, securing over 24% market share. The integration aims to leverage resources for enhanced service delivery.
Berkshire Hathaway reported a net earnings of $28,094 million for Q2 2021, surpassing $26,295 million in Q2 2020. The first half of 2021 saw a net earnings of $39,805 million, in contrast to a loss of $23,451 million in the same period last year. Operating earnings also increased to $6,686 million in Q2 2021 from $5,513 million in Q2 2020, contributing to a total of $13,704 million for the first six months.
Additionally, $6.0 billion was allocated for share repurchases in Q2 2021, totaling $12.6 billion for the first half of the year.
Berkshire Hathaway Inc. is set to release its second quarter earnings and Form 10-Q report on August 7, 2021, at 7:00 a.m. Central time. The earnings report will be accessible online at www.berkshirehathaway.com. Berkshire Hathaway operates across various sectors, including insurance, utilities, and retail. The company cautions that certain statements in the release are forward-looking and does not intend to update these projections.
Dominion Energy (NYSE: D) and Berkshire Hathaway Energy announced the termination of the planned sale of Questar Pipelines due to uncertainties with Federal Trade Commission clearance. This decision, effective July 9, 2021, does not affect the previous sale of gas transmission assets completed in November 2020. Dominion is initiating a competitive sale process for Questar Pipelines, aiming for completion by year-end 2021. The company will account for the pipelines as discontinued operations and plans to secure a 364-day loan to repay a $1.3 billion deposit to Berkshire Hathaway Energy.
GreenPower Motor Company (NASDAQ: GP) announced the delivery of five EV Star Cab and Chassis units to Forest River, a Berkshire Hathaway Company (NYSE: BRK.A). This marks a significant step in Forest River's electrification strategy, as they integrate GreenPower's electric platform with their renowned vehicle bodies. Forest River, a leader in the recreational vehicle market, sold its 100,000th bus in July 2020 and generates over $5 billion in annual revenue. The partnership aims to tap into the substantial market for electric cutaway buses, with Forest River selling approximately 9,000 units per year in this segment.
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