Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 89

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 89
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 earnings as a percentage of revenues
     
    7.8
    %

    8.0
    %

    9.7
    %

——————

* Excludes certain acquisition accounting expenses, which primarily relates to the amortization of intangible assets recorded in connection with certain of our business acquisitions. The after-tax acquisition accounting expenses excluded from earnings were $531 million in 2024, $693 million in 2023 and $681 million in 2022. These expenses are included in “Other” in the summary of earnings on page K-33 and in the “Other” earnings table on page K-54. 

K-45

Management’s Discussion and Analysis 

Manufacturing, Service and Retailing 

Manufacturing 

Our manufacturing group includes a variety of industrial, building and consumer products businesses. A summary of revenues and pre-tax earnings of our manufacturing operations follows (dollars in millions). 

    Percentage change

    2024

    2023

    2022

    2024 vs 2023

    2023 vs 2022

    Revenues

    Industrial products
    $
    35,833

    $
    34,884

    $
    30,824

    2.7
    %

    13.2
    %

    Building products
     
    26,525

    25,965

    28,896

    2.2

    (10.1
    )

    Consumer products
     
    14,873

    14,556

    16,061

    2.2

    (9.4
    )

    $
    77,231

    $
    75,405

    $
    75,781

    Pre-tax earnings

    Industrial products
    $
    6,017

    $
    5,686

    $
    4,862

    5.8
    %

    16.9
    %

    Building products
     
    4,134

    4,187

    4,789

    (1.3
    )

    (12.6
    )

    Consumer products
     
    1,744

    1,572

    1,526

    10.9

    3.0

    $
    11,895

    $
    11,