Berkshire Hathaway Operating Earnings Increase

FORT WORTH, Texas — Berkshire Hathaway operating earnings for the second quarter and first six months of 2010 increased 72.7 percent and 52.0 percent from the comparable periods in 2009.

BNSF was the major contributor adding $885 million to net earnings since the company’s acquisition on Feb. 12, including $603 million during the second quarter. Its acquisition increased the company’s shares outstanding by 6.1 percent.

Another major reason for the improvement occurred at NetJets with a swing from a pre-tax loss of $348.5 million in the first six months of 2009 to a pre-tax profit of $114.5 million in 2010.

This financial turnaround has been accompanied by record customer satisfaction scores.