With travel stop operator Pilot Travel Centers now 80% owned by Berkshire Hathaway, the conglomerate’s first earnings report since Berkshire took its ownership up to that level is providing a more complete look at Pilot’s finances.
Pilot had been privately owned but with a 38.6% interest held by Berkshire Hathaway, acquired in 2017. The sale of the additional shares bringing Berkshire up to 80% was finalized earlier this year, though it had been agreed upon previously. The founding Haslam family owns the remaining 20% of Pilot.
The new ownership benchmark results in more detailed financial data being reported as part of Berkshire Hathaway’s quarterly earnings report.
Among the key points in the report, which did not discuss Pilot’s business in detail:
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