Record Top-Line Revenue
The company achieved a record top-line revenue for any quarter in its history, despite it being the strongest seasonal quarter.
Increase in Adjusted EBITDA
Adjusted EBITDA at the Moving and Storage segment increased by 6% or nearly $32 million for the quarter.
Expansion of Dealer Network
Since July, U-Haul has been expanding its dealer network, adding nearly 1,000 new locations in the last 12 months, eclipsing the 25,000 location count for the first time.
Strong Self-Storage Performance
Self-storage revenues were up nearly $22 million, approximately a 10% increase, with average revenue per foot improving by just under 5%.
U-Box Revenue Growth
U-Box saw revenue growth, with storage rent and delivery income increasing. The company is gaining market share and aims to become the market leader.