BRK-B · 10-Q · 2026Q3 · Full report

IMC Revenue and Margin Growth

BERKSHIRE HATHAWAY INC · 2026-11-09 · Importance 58 · Surprise 56

IMC revenue increased 20.0% to approximately $1.25 billion in Q3 2026 and 22.4% to $3.7 billion in the first nine months. Pre-tax earnings increased 29.8% in Q3 and 47.1% year to date, supported by higher sales, gross margin rates, fixed-cost absorption and product mix. Selling prices rose in response to significant raw-material price increases that began in 2025 and continued through the first nine months of 2026. The filing expects rising raw-material prices to pressure IMC earnings over the remainder of 2026 and into 2027; IMC manufactures a large portion of its products in Israel.

Key facts

• IMC pre-tax earnings increased 29.8% in the third quarter and 47.1% in the first nine months of 2026, reflecting sales and gross margin rate increases, favorable fixed-cost absorption and sales mix, partly offset by raw material costs and selling expenses. source
• IMC revenue was approximately $1.25 billion in the third quarter and $3.7 billion in the first nine months of 2026, increases of 20.0% and 22.4%, respectively. source
• Rising raw material prices are expected to negatively affect IMC earnings over the remainder of 2026 and into 2027. source