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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.
Berkshire Hathaway Inc. (BRK.A; BRK.B) has elected Susan A. Buffett and Christopher C. Davis to its Board of Directors. Ms. Buffett chairs the Susan Thompson Buffett Foundation and the Sherwood Foundation, while Mr. Davis leads Davis Select Advisors, managing over $25 billion in assets. With diverse business interests in insurance, energy, transportation, and retail, Berkshire continues to expand its leadership team, potentially enhancing its strategic direction and investment opportunities.
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Johns Manville, a Berkshire Hathaway company, has unveiled its new JM Corbond® High Yield Open-Cell Spray Polyurethane Foam insulation. This innovative product boasts the highest yield in its category, providing superior performance and ease of installation for contractors. It features a low-density, water-blown formulation with an R-value of 3.6 per inch, making it ideal for energy-efficient buildings. With annual sales exceeding $3 billion and a strong market presence, Johns Manville continues to lead in building insulation solutions.
McLane Company, a major supply chain services firm, announced that 19 drivers from its Foodservice division have been inducted into the 2021 IFDA Truck Driver Hall of Fame, recognizing their exceptional service and safety records. This brings the total inductees to 32 since 2018, with the 2021 class contributing a combined 594 years of service. The Hall of Fame celebrates drivers meeting stringent criteria, including at least 25 years of service without chargeable accidents. McLane, a Berkshire subsidiary, operates over 80 distribution centers across the U.S.