BRK-B · 10-Q · 2026Q2 · Full report

Industrial Products Growth

BERKSHIRE HATHAWAY INC · 2026-08-10 · Importance 73 · Surprise 66 · In source text

Industrial products revenue increased 27.3% to $12.2 billion in the second quarter and 25.5% to $23.3 billion in the first six months of 2026, primarily from acquisitions and growth in pre-existing businesses. First-half pre-tax earnings increased 32.2% to $4.508 billion, raising the group pre-tax margin by 1.0 percentage point to 19.3%. PCC first-half revenue increased 11.4% to $6.0 billion and earnings increased 33.6%, while IMC revenue increased 23.6% to approximately $2.5 billion and earnings increased 56.6%, despite higher raw-material costs.

Key facts

• Industrial products revenues Q2 2026: $12,150 million; YTD 2026: $23,346 million (increases of $2.6 billion (27.3%) and $4.7 billion (25.5%) versus 2025) source
• Industrial products pre-tax earnings Q2 2026: $2,577 million; YTD 2026: $4,508 million (41.0% and 32.2% increases respectively) source
• PCC revenues Q2 2026: $3.1 billion; YTD 2026: $6.0 billion, increases of 14.4% and 11.4% respectively versus 2025 source
• IMC pre-tax earnings increased 71.0% in Q2 2026 and 56.6% YTD 2026 versus 2025 source
• IMC revenues approximately $1.3 billion Q2 2026 and $2.5 billion YTD 2026, increases of 26.5% and 23.6% respectively versus 2025 source
• Marmon revenues Q2 2026: $3.5 billion; YTD 2026: $6.9 billion, increases of 4.9% and 5.4% respectively versus 2025 source
• Lubrizol revenues Q2 2026: $1.8 billion; YTD 2026: $3.4 billion, increases of 11.1% and 7.0% respectively versus 2025 source
• PCC pre-tax earnings increased 34.2% in Q2 2026 and 33.6% YTD 2026 versus 2025 source

Impact estimates