Berkshire Hathaway Reports Record Cash Holdings and Strong Operating Earnings Under New CEO Greg Abel
In its first quarter under new CEO Greg Abel, Berkshire Hathaway reported a record $397.38 billion in cash holdings and an 18% year-over-year increase in operating earnings to $11.35 billion. The company sold more equity securities than it bought during the period while restarting share buybacks for the first time in nearly two years.
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Topics: Berkshire Hathaway cash reserves CEO transition operating earnings