Berkshire Hathaway Inc

Latest Results (17.12.2024):

Revenue Overview

In the third quarter of 2024, Berkshire Hathaway Inc. reported total revenues of $92,995 million, slightly down from $93,210 million in the same quarter of 2023. The company's revenue streams include insurance premiums, sales and service revenues, leasing revenues, and investment income. Despite a slight decrease in sales and service revenues, the company saw an increase in insurance premiums and investment income.

Net Earnings Surge

Berkshire Hathaway Inc. experienced a significant turnaround in net earnings for the third quarter of 2024, reporting $26,480 million compared to a loss of $12,567 million in the third quarter of 2023. This substantial improvement is attributed to increased investment gains and a reduction in costs and expenses across various segments.

Investment Gains

The third quarter of 2024 saw Berkshire Hathaway Inc. achieving investment gains of $20,514 million, a remarkable recovery from the losses of $29,778 million in the same period of 2023. This positive shift in investment performance played a crucial role in the company's overall earnings growth for the quarter.

Cost Management

Berkshire Hathaway Inc. managed to keep its total costs and expenses relatively stable at $81,223 million in the third quarter of 2024, compared to $80,653 million in the third quarter of 2023. The company achieved this through effective cost management in its insurance and other business segments, despite facing challenges in the railroad, utilities, and energy sectors.

Comprehensive Income

For the third quarter of 2024, Berkshire Hathaway Inc. reported comprehensive income of $26,674 million, a significant improvement from a loss of $12,619 million in the same quarter of 2023. This increase was driven by strong net earnings and a positive shift in other comprehensive income components, including foreign currency translation and investment gains.