Before we dive into the latest on Berkshire, Matt, let's actually catch our listeners up on what exactly Berkshire does, and more importantly, how in the world is it so awesome at making money? First of all, a lot of people don't think of Berkshire as a financials sector company, but in reality, it's the largest financials sector company. The reason for it is, at its core, Berkshire is an insurance company.
B and Precision Castparts Corp. The transaction having been approved by PCC shareholders and having met all U. The transaction was announced on August 10, With the closing of this transaction, PCC is now a wholly-owned subsidiary of Berkshire.
About Berkshire Hathaway http: Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services.
About Precision Castparts Corp. It serves the aerospace, power, and general industrial markets. PCC is a market leader in manufacturing complex structural investment castings and forged components for aerospace markets, machined airframe components, and highly engineered, critical fasteners for aerospace applications, and in manufacturing airfoil castings for the aerospace and industrial gas turbine markets.
PCC also is a leading producer of titanium and nickel superalloy melted and mill products for the aerospace, chemical processing, oil and gas, and pollution control industries, and manufactures extruded seamless pipe, fittings, and forgings for power generation and oil and gas applications.
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Cautionary Statement Regarding Forward-Looking Statements Statements in this press release about the future expectations, beliefs, goals, plans or prospects of the board or management of Precision Castparts Corp. There are a number of factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: Berkshire Hathaway and Precision Castparts Corp.
In addition, please refer to the documents that Precision Castparts Corp. These filings identify and address other important factors that could cause Precision Castparts Corp.Aug 03, · After Berkshire Hathaway's board changed its share buyback policy in July, investors have awaited word on a formal plan.
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We thank you for staying with us for business travel. Berkshire Hathaway's announcement that it is amending its repurchase plan has sent the stock higher by more than 5%.
Share repurchases at current prices will support higher growth in book value. Berkshire Hathaway Benefits From U.S. Tax Plan “This is a company that would like to hold itself up as having a superior business model and a superior strategy, yet the bump from the results.
BERKSHIRE HATHAWAY INC. Farnam Street Omaha, NE Official Home Page. Aug 11, · Jones: Matt, you mentioned, at its core, Berkshire Hathaway is an insurance business. Generally speaking, there are two ways insurers make their money.