Berkshire’s Manufacturing, Retail and Services Units Earn $4.5 Billion in Q2 as Revenue Rises 15.2%
Updated
Updated · currently.att.yahoo.com · Aug 13
Berkshire’s Manufacturing, Retail and Services Units Earn $4.5 Billion in Q2 as Revenue Rises 15.2%
3 articles · Updated · currently.att.yahoo.com · Aug 13
Summary
$4.5 billion in net earnings on $61.5 billion of revenue made Berkshire Hathaway’s manufacturing, services and retailing businesses a standout in the second quarter.
Those units grew revenue 15.2% and profit 24.1% from a year earlier, accelerating from Q1 despite a sluggish economy, lingering inflation and rising job losses.
The segment now supplies nearly 40% of Berkshire’s spendable cash flow, making it the conglomerate’s biggest and most consistent operating cash generator.
That strength may be underappreciated in valuation models focused on Berkshire’s roughly $360 billion cash pile and limited pace of deploying it under CEO Greg Abel.