Berkshire Hathaway Inc. Stock Price, News & Analysis

MiTek Inc., a Berkshire Hathaway company (NYSE: BRK-A, NYSE: BRK-B), has announced the realignment of three key brands—Benson Curtain Wall, SidePlate Connection Designs, and Ultra-Span Trusses—into a unified MiTek portfolio. This strategic move aims to meet the increasing demand for efficient, sustainable building solutions. Customers will continue to benefit from the same services while gaining access to new innovations and software solutions under the MiTek brand. CEO Mark A. Thom emphasized the importance of integration for enhancing customer value and addressing global construction challenges.

Berkshire Hathaway's operating results for Q1 2021 reported net earnings of $11.7 billion, rebounding from a $49.7 billion loss in Q1 2020. Operating earnings rose to $7.0 billion from $5.9 billion. Investment gains were $4.7 billion compared to losses of $55.6 billion the previous year. Insurance float reached approximately $140 billion, increasing by $2 billion since 2020. Berkshire repurchased $6.6 billion in shares during the quarter, with 1,525,655 Class A equivalent shares outstanding as of March 31, 2021.

Berkshire Hathaway will hold its 2021 Annual Shareholders Meeting on May 1, 2021, at 1:30 p.m. ET, accessible via live stream due to restrictions on physical attendance. The company will also release its first quarter earnings and Form 10-Q report on the same day at 8:00 a.m. ET. Shareholders can view these documents on www.berkshirehathaway.com. Berkshire operates in various sectors including insurance, utilities, and manufacturing, and its common stock trades as BRK.A and BRK.B.

Berkshire Hathaway announces its reinstatement of the employee bracket contest for the NCAA Tournament, after a hiatus due to the pandemic. The contest, starting with a $100,000 prize for the first correct picks, escalates to $1 million for perfect first-round selections and an annuity for perfect first and second-round picks. A potential double prize is available if Berkshire's favored team, Creighton, reaches the final four. This initiative aims to foster engagement among employees, reflecting on past successes where participants nearly achieved perfect brackets.

Berkshire Hathaway's operating results for the fourth quarter and full year 2020 show an increase in net earnings attributable to shareholders at $35.8 billion for Q4 and $42.5 billion for the full year, compared to $29.2 billion and $81.4 billion in 2019. Key highlights include operating earnings of $5 billion in Q4, and $21.9 billion annually, alongside substantial investment gains. The company utilized approximately $9 billion for share repurchases in Q4, totaling $25 billion for the year, with approximately 1.54 million Class A equivalent shares outstanding by year-end.

Berkshire Hathaway will release its 2020 Annual Report on February 27, 2021, at around 8:00 a.m. ET. The report will be available online at www.berkshirehathaway.com and will include Warren Buffett’s letter to shareholders along with vital financial data. In conjunction with the report, an earnings release will also be issued. Berkshire Hathaway engages in a variety of business sectors, including insurance, utilities, and manufacturing, with common stock traded under the symbols BRK.A and BRK.B.

GreenPower Motor Company (NASDAQ: GP) announced an exclusive purchase agreement with Forest River, a Berkshire Hathaway company (NYSE: BRK.A), for up to 150 EV Star Cab and Chassis units. The EV Star CC will support Forest River's new zero-emission product line. Initial deliveries include six units this quarter, with the remaining units expected over 36 months. Forest River is a major player in the bus and recreational vehicle markets, boasting over $5 billion in annual revenues and 10,000 employees.

SAN FRANCISCO--BUSINESS WIRE reports on recent developments from DD TEST. Highlights include a focus on innovative product developments aimed at improving user engagement and operational efficiency. The company emphasizes the importance of maintaining high standards in service delivery and customer satisfaction. No specific financial metrics or stock performance indicators were disclosed, leaving investors awaiting further details on potential impacts.

Berkshire Hathaway Inc. (BRK.A; BRK.B) announced that its 2021 Annual Meeting of Shareholders will be held virtually on May 1, 2021, due to safety concerns for attendees amidst ongoing health issues. The format will mirror the earlier virtual meeting, streaming via Yahoo. Berkshire plans to include further details in its 2020 Annual Report, set for online release on February 27, 2021, and in its proxy statement in mid-March 2021. The company expressed hope that the 2021 meeting will be the final virtual gathering, with expectations to return to in-person meetings in 2022.