Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 224

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 224
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 The decrease reflected lower brokerage services revenues and margins, primarily due to a 19% reduction in closed brokerage transaction volumes, as well as lower mortgage services revenues and margins from a 28% decrease in closed transaction volumes. 

Manufacturing, Service and Retailing 

A summary of revenues and earnings of our manufacturing, service and retailing businesses follows (dollars in millions). 

    Percentage change

    2024

    2023

    2022

    2024 vs 2023

    2023 vs 2022

    Revenues

    Manufacturing
    $
    77,231

    $
    75,405

    $
    75,781

    2.4
    %

    (0.5
    )%

    Service and retailing
     
    138,672

    144,342

    91,512

    (3.9
    )

    57.7

    $
    215,903

    $
    219,747

    $
    167,293

    (1.7
    )

    31.4

    Pre-tax earnings

    Manufacturing
    $
    11,895

    $
    11,445

    $
    11,177

    3.9
    %

    2.4
    %

    Service and retailing
     
    4,948

    6,144

    5,042

    (19.5
    )

    21.9

    16,843

    17,589

    16,219

    (4.2
    )

    8.4

    Income taxes and noncontrolling interests
     
    3,771

    4,227

    3,707

    Net earnings*
    $
    13,072

    $
    13,362

    $
    12,512

    Effective income tax rate
     
    21.7
    %

    22.2
    %

    22.2
    %

    Pre-tax 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