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Advertisement Buffett was right about Kirby s stellar prospects. The company s annual pretax earnings almost tripled to $59 million between 1986 and 1996, and Berkshire s net earnings from Kirby nearly quadrupled to $40 million over the same period. Moreover, Kirby generated more profit than all but one of Berkshire s 10 non-insurance businesses in 1996, and was responsible for about 5% of the conglomerate s operating earnings that year. It s unclear why Scott Fetzer decided to dispose of Kirby, a company it owned for more than 50 years and partnered with for more than a century. Experts told Insider that financial, operational, or cultural challenges might explain the move. Advertisement It s possible the Kirby vacuum ain t what it used to be, or perhaps that the door-to-door business model controversies aren t worth it, Lawrence Cunningham, a law professor at George Washington University and the author of several books about Buffett and Berkshire, told Insider.

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