Shaw Earnings Impacted By Raw Material Costs

Omaha, NE, March 2, 2015—Berkshire Hathaway, owner of Shaw Industries, released its financial report on February 28, which reveals that, though its building product businesses were up as a whole in 2014, Shaw experienced a decline in earnings due to the rising cost of raw materials.

The piece reports that 2014 revenues from the company’s building product businesses were up 5% to $10.1 billion.

According to the company, “Revenues in 2014 from Shaw were relatively unchanged from 2013, reflecting the impact of the closure of its rugs division in early 2014 and lower carpet sales, offset by higher sales of hard flooring products.”

Related Topics:Shaw Industries Group, Inc.