Welcome to our dedicated page for BRK news (Ticker: BRK), a resource for investors and traders seeking the latest updates and insights on BRK stock.
BRK is a diversified conglomerate with strategic holdings spanning insurance, manufacturing, and industrial sectors, including notable subsidiaries like Duracell and Johns Manville. This page provides centralized access to official announcements, financial updates, and market developments related to BRK's multifaceted business activities.
Investors and analysts will find timely updates on earnings reports, strategic acquisitions, and leadership decisions that shape the company's cross-industry operations. The curated news collection serves as a reliable resource for tracking BRK's performance across its consumer goods, industrial manufacturing, and financial service segments.
Content includes press releases on portfolio expansions, analyses of operational milestones, and coverage of management initiatives driving long-term value creation. Regular updates ensure stakeholders stay informed about BRK's unique approach to maintaining a balanced, diversified business model.
Bookmark this page for streamlined access to BRK's latest developments, or check back regularly to monitor how the company continues leveraging its market position across multiple industries through disciplined investment strategies.
Duracell made its debut in Super Bowl advertising with a creative 30-second spot featuring Tom Brady and The Duracell Scientist. The commercial showcases Brady appearing to have a 'power outage' during a broadcast with FOX announcer Kevin Burkhardt, before being 'rescued' by The Duracell Scientist using batteries with Power Boost™ Ingredients.
The campaign connects Brady's reputation of being 'Built Different' with Duracell's unique Power Boost technology. Brady, a seven-time champion and five-time MVP, endorsed Duracell's commitment to innovation and pushing boundaries. The ad was created through a collaboration between VaynerMedia, Shadow Lion, EssenceMediacom, and Citizen Relations.
Warren Buffett announced the conversion of 1,600 Class A shares into 2,400,000 Class B shares of Berkshire Hathaway for distribution to four family foundations. The distribution includes 1,500,000 shares to The Susan Thompson Buffett Foundation and 300,000 shares each to The Sherwood Foundation, The Howard G. Buffett Foundation, and NoVo Foundation. This conversion reduces Buffett's Class A holdings to 206,363 shares, representing a 56.6% decrease since his 2006 pledge. Buffett discusses his philanthropic philosophy, family wealth distribution strategy, and the requirement for unanimous decision-making among his children regarding foundation actions.
Williams Racing and Duracell have announced a multi-year extension of their Formula 1 partnership ahead of the Las Vegas Grand Prix. The collaboration, which began in 2022, will continue into 2025 and beyond, featuring Duracell's iconic copper and black battery design on the Williams airbox. The partnership includes the FW47 to be driven by Alex Albon and Carlos Sainz. Duracell joins recent partnership extensions with Kraken and Gulf Oil International, demonstrating continued confidence in Williams' transformation strategy. The announcement coincides with special DRS flap branding at the Las Vegas GP, where Williams is incorporating Duracell's battery design elements.
Batteries Plus and Duracell have announced their fifth consecutive partnership with the U.S. Marine Corps Toys for Tots Campaign, pledging to donate over one million batteries this holiday season. This year's donation, ten times larger than last year's, is driven by customer participation in the nationwide 'Buy One, Give One' promotion, where Batteries Plus donates a pack of AA or AAA Duracell batteries for every pack purchased.
The initiative addresses a important need, as Toys for Tots requires batteries for all donated toys before distribution to families in need. Customers can also donate new toys at their nearest Batteries Plus store for the annual campaign.
Berkshire Hathaway reported Q3 2024 net earnings of $26.25 billion, compared to a loss of $12.77 billion in Q3 2023. Operating earnings reached $10.09 billion in Q3 2024, slightly down from $10.76 billion in Q3 2023. For the first nine months of 2024, net earnings totaled $69.30 billion, up from $58.65 billion in 2023.
The company's insurance float increased by $5 billion to $174 billion since year-end 2023. Berkshire repurchased approximately $2.9 billion of its shares during the first nine months of 2024. Notable performance includes insurance-investment income of $3.66 billion in Q3 2024, up from $2.47 billion in Q3 2023.
Berkshire Hathaway has announced that it will release its third quarter earnings report and Form 10-Q on Saturday, November 2, 2024, at approximately 7:00 a.m. Central time. The financial documents will be accessible through the company's website at www.berkshirehathaway.com.
Duracell has been announced as the official battery partner of the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX 2024. The partnership includes sponsorship of one of the Las Vegas Strip Circuit™ DRS Zones, where Duracell's iconic copper & black colors will be prominently displayed. This collaboration merges high-speed innovation with top-tier performance, highlighting Duracell's Power Boost™ Ingredients.
The partnership will feature gantry LED animated boards, trackside signage, and unique rooftop branding around the circuit. Additionally, Williams Racing, Duracell's partner since 2022, will turn the DRS flaps on both drivers' FW46 rear wings into a Duracell battery and change the color of the DRS button on the steering wheels to Duracell copper.
Duracell, the #1 trusted battery brand, has expanded its portable power lineup with new offerings. The company introduced the M100 Portable Charging Hub, a compact device weighing just over one pound, designed for charging phones, tablets, and earbuds on the go. Duracell also launched the G-Series Portable Power Stations, including the G350 and G800 models, tailored for outdoor enthusiasts. These power stations feature multiple charging ports, a 360-degree lantern light, and can be charged using the new G-Solar Panel.
The M100 joins Duracell's existing M-Series, which includes the M150 and M250 Portable Charging Hubs. All products are available on PowerStations.Duracell.com, with prices ranging from $99 to $199. The new lineup aims to provide flexible power solutions for various aspects of life, both at home and on the go.
Helzberg Diamonds, a renowned US jewelry retailer, has partnered with Proximity, creator of the award-winning Retail Super-App, to enhance customer experience. The collaboration aims to empower sales associates with a clienteling platform that delivers hyper-personalized service across all touchpoints. Launched in summer 2024, the platform connects customer data and uses innovative technology to power personalization and provide endless aisle capabilities.
The partnership is expected to transform customer engagement, drive repeat purchases, and increase in-store efficiency. Proximity's CEO, Cathy McCabe, expressed excitement about forging deep connections with customers and cultivating loyalty. Brad Hampton, CEO of Helzberg Diamonds, highlighted the opportunity to accelerate their digital transformation while maintaining the human touch that sets them apart in the industry.
Berkshire Hathaway Inc. (BRK.A; BRK.B) has released its financial results for the second quarter and first six months of 2024. The company reported net earnings of $30,348 million for Q2 2024, compared to $35,912 million in Q2 2023. Operating earnings increased to $11,598 million in Q2 2024 from $10,043 million in Q2 2023.
For the first six months of 2024, net earnings were $43,050 million, down from $71,416 million in the same period of 2023. The company's insurance-underwriting and insurance-investment income showed significant improvements. Berkshire repurchased approximately $345 million of its shares during Q2 2024, bringing the six-month total to $2.9 billion. As of June 30, 2024, Berkshire's insurance float was approximately $169 billion.
