Berkshire Hathaway more than doubles buybacks in third quarter as earnings decline
The company said the repurchases were the largest in its history and came as operating earnings slipped 5.8% on weaker insurance results.
- Berkshire Hathaway repurchased a record $9.6 billion of its own shares in the third quarter, marking the most the company has ever spent on its stock in a single quarter.
- This represents the first major share repurchase under CEO Greg Abel, who assumed leadership in 2026; under Berkshire's guidelines, buybacks occur only when the CEO believes shares trade below their intrinsic business value.
- Operating earnings fell 5.8% to $12.7 billion during the quarter as insurance results declined, while overall earnings dropped 28% to $22.1 billion; Berkshire maintains $352.3 billion in cash and Treasury bills.
- Management viewed Berkshire stock as undervalued at around $504 a share, according to the quarterly report; shares are up 13.6% this year, hitting a record close of $579.09 on Wednesday.
- The quarterly buyback more than doubled the $4.5 billion spent in the second quarter and surpassed the previous record of roughly $9.3 billion set in the third quarter of 2020.
23 Articles
23 Articles
Berkshire Hathaway buys back $9.6 billion of its own stock but its profits declined – WTOP News
OMAHA, Neb. (AP) — Berkshire Hathaway repurchased $9.6 billion worth of its own shares in the third quarter, but Geico disappointed and its overall profit fell more than 28% as the value of its investments changed. But the buybacks likely came to a halt recently as Berkshire’s Class A stock price surged past $878,000 and...
Warren Buffett isn't running Berkshire anymore. You wouldn't know it.
Warren Buffett is the former CEO and chairman of Berkshire Hathaway.Daniel Zuchnik/WireImageWarren Buffett is no longer at the helm of Berkshire Hathaway, but you might not know it.Berkshire bought and sold few stocks last quarter, echoing Buffett's final years in charge.New CEO Greg Abel did ramp up stock buybacks to $9.6 billion worth, the highest figure in years.Warren Buffett is no longer running Berkshire Hathaway, but you almost wouldn't k…
Berkshire Hathaway accelerates stock buybacks, operating profit falls
Berkshire Hathaway accelerated stock repurchases in the third quarter, finding its own shares among the best assets to invest in its huge cash pile, while lower results from its insurance businesses weighed on overall profit.
Without Buffett in the presidency, Berkshire reduces profit and accelerates buyback – ECO Log in with Google Other social networks Your security is our priority We use secure connections and never share your data with third parties. Log in with ECO Premium Email Choose how you want to subscribe Instant access to all Premium content. Cancel whenever you want. Your browser is outdated! Update your browser to have a better experience and view of th…
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