Berkshire Hathaway Reports Strong Operating Earnings of $11.22 Billion in Q1

In the first quarter of the year, Berkshire Hathaway, the conglomerate helmed by renowned investor Warren Buffett, registered a substantial increase in operating earnings, which reached $11.22 billion, marking a 39.1% year-over-year improvement. In terms of net earnings per share, the figures were $8,825 for Class A shares and $5.88 for Class B shares.

Overall Financial Performance

Berkshire Hathaway's total revenues climbed to $89.87 billion, reflecting a 5.2% increase from the same period last year. However, the net earnings attributable to Berkshire shareholders saw a steep decline of 64.2% year-over-year, coming in at $12.70 billion.

Berkshire's Investment Portfolio and Cash Reserves

As of the end of March 2024, Berkshire Hathaway's cash reserves surged to $188.99 billion, up from $167.64 billion at the end of the previous year. A significant proportion of the company's investment portfolio was concentrated in five major companies, namely American Express, Apple, Bank of America, Coca-Cola, and Chevron. Among these, Apple's investment value decreased from $174.3 billion at the end of December 2023 to $135.4 billion on March 31, 2024, while the other four investments showed increases in their respective values.

Berkshire, Earnings, Buffett