BERKSHIRE HATHAWAY Stock Price, News & Analysis

Berkshire Hathaway reported significant financial results for the third quarter and the first nine months of 2022. Key highlights include a net loss attributable to shareholders of $(2,688) million in Q3 2022, compared to a profit of $10,344 million in Q3 2021. For the first nine months, the loss was $(40,983) million versus a profit of $50,149 million in 2021. Operating earnings improved to $7,761 million in Q3 2022, up from $6,466 million in Q3 2021, reflecting a robust operational performance despite investment losses totaling $(10.1 billion) in Q3 and $(63.9 billion) year-to-date.

Berkshire Hathaway Inc. will release its third quarter earnings and Form 10-Q on November 5, 2022, at around 7:00 a.m. Central time.

The earnings report will be accessible on their official website, www.berkshirehathaway.com. Berkshire Hathaway operates in various sectors, including insurance, utilities, transportation, and more, with stock listings on NYSE under symbols BRK.A and BRK.B.

Forward-looking statements are included but are subject to change.

Mouser Electronics, a Berkshire Hathaway company, announces its sponsorship of MATHCOUNTS, a program engaging almost 90,000 middle school students across 5,000 schools in the U.S. Through live competitions, MATHCOUNTS encourages students to tackle mathematical challenges, fostering curiosity and education in young innovators. This Fall, around 800 students from 25 schools in the Dallas-Fort Worth area will participate. Additionally, Mouser continues its commitment to education by supporting various STEM initiatives and local competitions.

Mouser Electronics has been awarded the 2022 Global Distributor of the Year — Pinnacle Award by Qorvo, recognizing its significant contributions to Qorvo’s growth in key technology sectors. This marks the second time Mouser has received this accolade, having previously won in 2018. The award highlights Mouser's role as a leading internet channel partner, enhancing Qorvo's market share in areas such as 5G, Wi-Fi, and power management solutions. Mouser’s extensive product range supports various applications, reinforcing its commitment to quality and customer service.

AM Best has placed under review with positive implications the Financial Strength Ratings (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) for Transatlantic Reinsurance Company and its subsidiaries, as well as for Alleghany Corporation (NYSE: Y) and RSUI Indemnity Company. This action follows Berkshire Hathaway Inc.'s acquisition of Alleghany, which is likely to bolster the ratings due to Berkshire's financial resources. Three companies are affected, including Capitol Indemnity Corporation, whose ratings have also been placed under review.

Berkshire Hathaway has successfully completed its acquisition of Alleghany Corporation, with shareholders receiving $848.02 per share in cash. The total equity value of this transaction amounts to approximately $11.6 billion. Alleghany will continue to operate as a wholly-owned subsidiary under the leadership of Joe Brandon. Financial advisory was provided by Goldman Sachs, while legal services were rendered by Willkie Farr & Gallagher LLP for Alleghany and Munger, Tolles & Olson LLP for Berkshire.

Lubrizol has unveiled CompuZol™ ICS, a fully warrantied immersion-ready cooling solution, in collaboration with Intel at the 2022 OCP Global Summit in San Jose, California. This innovation aims to streamline the transition to immersion cooling in data centers, addressing concerns about performance and warranty. With data centers consuming up to 200 terawatt hours annually for cooling, this solution offers a sustainable alternative that enhances energy efficiency and computing power. Live demonstrations and insight sessions will showcase its capabilities during the event.

Berkshire Hathaway has received all regulatory approvals for its acquisition of Alleghany Corporation, with an expected closing date of October 19, 2022. This merger, announced on March 20, 2022, was approved by Alleghany's stockholders on June 9, 2022. Both companies engage in diverse business activities, with Berkshire primarily in insurance and Alleghany focused on property and casualty reinsurance. The acquisition aims to enhance Berkshire's portfolio and is subject to customary closing conditions.

Eaton Corporation and The Lubrizol Corporation have announced a collaboration aimed at advancing sustainable turnkey immersion cooling solutions for data centers and computing applications. This partnership will combine Lubrizol’s advanced thermal management fluids with Eaton's extensive data center expertise. The initiative addresses the critical need for energy efficiency, as data centers currently consume vast amounts of electricity, with a significant portion allocated to traditional cooling methods. Both companies will showcase their solutions at the Open Compute Project Global Summit from October 18-20, 2022.