The earnings call highlighted significant revenue growth and operational efficiency, particularly in U-Box and self-storage segments. However, the decline in earnings, reduced gains on equipment sales, and declining interest income were notable concerns. Overall, while there are strong areas of growth, certain financial metrics show challenges.
Company Guidance
During the U-Haul Holding Company third quarter fiscal 2025 investor call, management provided a comprehensive update on various business segments. The company reported third quarter earnings of $67 million, translating to $0.35 per nonvoting share, down from $99 million or $0.51 per share in the same quarter last year. EBITDA increased by $47.8 million, driven by a $39 million or 4.5% rise in equipment rental revenues and an 8% increase in self-storage revenues. Capital expenditures for new rental equipment reached $1.587 billion, while proceeds from equipment sales decreased by $73 million to $521 million. U-Haul's self-storage segment saw a significant addition of 80,000 new units, although average occupancy slightly declined to 78.7%. The U-Box segment continued its growth trajectory with a $9 million revenue increase, supported by expanded storage capacity. Despite challenges, the company remains optimistic about future growth, supported by a robust development pipeline of 8.5 million new square feet.
Revenue Growth and Increases
Equipment rental revenue increased by $39 million, which is over 4.5% for the quarter, surpassing the 1.5% to 1.7% improvements in previous quarters. Self-storage revenues increased by $17 million, an 8% increase for the quarter.
U-Box Expansion
U-Box revenue results increased by $9 million. The company increased its warehouse space for U-Box containers by over 20% in the last twelve months.
Operational Efficiency
Operating expenses were up by only 1.6%, with significant declines in fleet repair and maintenance costs of nearly $10.5 million.
Self-Storage Growth
The company added 2.3 million new net rentable square feet during the quarter, with a current development pipeline of approximately 8.5 million new square feet.
Record Pipeline
The company set a record with 7.4 million square feet of net rentable space added in the trailing twelve months.
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Amerco (UHAL) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UHAL Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 05, 2025
$71.57
$70.54
-1.44%
Nov 06, 2024
$76.44
$74.75
-2.21%
Aug 07, 2024
$63.27
$67.57
+6.80%
May 29, 2024
$62.87
$62.26
-0.97%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Amerco (UHAL) report earnings?
Amerco (UHAL) is schdueled to report earning on May 28, 2025, TBA Not Confirmed.
What is Amerco (UHAL) earnings time?
Amerco (UHAL) earnings time is at May 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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