Berkshire Reports 10% Increase in Earnings
Omaha, NE, March 3, 2014 -- Berkshire Hathaway, parent company of Shaw Industries, said Saturday that fourth quarter income rose 10%.
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Quarterly net income rose to $4.99 billion on revenue of $47.05 billion from $4.55 billion on revenue of $44.72 billion in 2012.
The company earned $19.48 billion for 2013 on total revenue of $182.15 billion. That's up from $14.82 billion in income and revenue of $162.46 billion in 2012.
Berkshire, as usual, did not refer to Shaw Industries specifically. However, it mentioned that homebuilding activity had picked up in its Clayton Homes division.
Warren Buffett, in his letter to shareholders, also spoke highly of the new Nebraska Furniture Mart store in Texas.
Also, its Home Services real estate brokerage division, which owns 67% of the Prudential and Real Living franchise operations, is rebranding itself as Berkshire Hathaway HomeServices.
Home Services has more than 22,000 agents nationwide.