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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth Superintendent candidate withdraws from consideration

And then there were none. The lone Fort Worth ISD Superintendent candidate, Dr. Joel D. Boyd, has informed the Fort Worth ISD Board of Education that he is

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DR Horton 1Q net jumps 86 percent

 

D.R. Horton, the largest U.S. homebuilder, said Tuesday that its fiscal first-quarter net income jumped 86 percent as selling prices for its houses rose 10 percent to $275,600. Its shares climbed in morning trading.

The company said it saw "pricing power across most of our markets and increased demand from move-up buyers." It said housing market conditions are improving across most of its markets, and the pace of sales increased this month.

The Fort Worth-based company earned $123.2 million, or 36 cents per share, for the quarter that ended Dec. 31. That was up from $66.2 million, or 20 cents per share, during the same period a year earlier. Revenue rose almost 33 percent to $1.64 billion, from $1.23 billion a year earlier.

Analysts surveyed by FactSet had been expecting a profit of 31 cents per share on revenue of $1.49 billion.

The company said it believes it is "well-positioned to capture demand" in the spring with a strong inventory of homes ready to sell.

Its shares rose $1.33, or 6.4 percent, to $22.27 in morning trading. Its shares are up 14 percent over the past three months.


 

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