PHOENIX--(BUSINESS WIRE)--The daunting winter storm about to impact much of the U.S. with dangerous levels of ice and snow this weekend will have many residents turning to propane as a primary or backup heating and energy source. "Propane is affordable and clean burning. It has many benefits. But always respect the product. Be safe with it,†said Steve Dudley, U-Haul VP of Retail Sales. Share Propane is currently available at locations across the U-Haul network despite the winter storms, with some temporary ...

RENO, Nev.--(BUSINESS WIRE)--U-Haul Holding Company (NYSE: UHAL, UHAL.B), the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, plans to report its third quarter fiscal 2026 financial results after the close of market trading on Wednesday, February 4, 2026. The Company is scheduled to conduct its third quarter investor conference call and webcast at 8 a.m. Arizona Time (10 a.m. ET) on Thursday, February 5, 2026. Listen via ...

RENO, Nev.--(BUSINESS WIRE)--U-Haul Holding Company (NYSE: UHAL, UHAL.B), parent of U-Haul International, Inc., North America's largest "do-it-yourself†moving and self-storage company will participate in the KeyBanc Capital Markets Self-Storage Investor Forum on Thursday, January 8, 2026 in New York City. About U-Haul Holding Company U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Compan. ...

美国搬家、物品搬运与仓储租赁服务提供商U-Haul控股公司（UHAL）报告显示，在整个2025年，得克 萨斯州、佛罗里达州和田纳西州净迁入人数居前，而加州垫底，凸显税收与生活成本差异在搬迁决策中 的影响。 责任编辑：张俊 SF065 美国搬家、物品搬运与仓储租赁服务提供商U-Haul控股公司（UHAL）报告显示，在整个2025年，得克 萨斯州、佛罗里达州和田纳西州净迁入人数居前，而加州垫底，凸显税收与生活成本差异在搬迁决策中 的影响。 责任编辑：张俊 SF065 ...

Core Insights - The Dallas-Fort Worth-Arlington metropolitan area has been recognized as the top U-Haul growth metro for 2025, replicating its 2024 achievement with the highest net gain of one-way customers [1] - Texas dominates the U-Haul Growth Index, holding the top three spots and six of the top 25 growth metros, while Florida has eight of the top 10 growth cities [2][4] - The city of Ocala, Florida, continues to lead as the top U-Haul growth city, a title it has maintained since 2022 [1][4] U-Haul Growth Metros - The top three growth metros in 2025 are Dallas, Houston, and Austin, with additional notable metros including Charlotte, Phoenix, and Nashville [6] - The complete list of top 10 growth metros includes Dallas, Houston, Austin, Charlotte, Phoenix, Nashville, Charleston, Raleigh, Atlanta, and the Brownsville-McAllen corridor [6] U-Haul Growth Cities - Florida cities dominate the growth city rankings, with Ocala, North Port, Myrtle Beach, Kissimmee, and Clermont in the top five [7] - Other notable growth cities include McKinney, Fort Lauderdale, and St. Augustine, with several smaller cities making their debut in the index [5][7] Migration Trends - Some major metros, such as San Francisco, Denver, and Philadelphia, reversed recent migration trends, showing strong net gains in 2025 after experiencing losses in 2024 [3] - The U-Haul Growth Index is based on over 2.5 million annual one-way transactions, providing insights into migration patterns across the U.S. and Canada [8]

PHOENIX--(BUSINESS WIRE)-- #california--Texas and Florida lead the list of in-migration states on the U- Haul® Growth Index analyzing one-way customer transactions during 2025, while California ranks last with the greatest out-migration number for the sixth consecutive year. Texas reclaims the title of No. 1 U-Haul growth state for the seventh time in 10 years. It climbs one spot from its previous ranking behind South Carolina, which slides four spots after being the leading growth state for 2024. Florida, ...

Core Points - U-Haul is providing 30 days of free self-storage and U-Box container usage at nine facilities in western Washington to assist those impacted by the Snohomish River flooding [1] - The City of Snohomish has declared a state of emergency due to the flooding, which has already occurred [1] - The Snohomish River is expected to exceed a record level of 33 feet by Thursday, threatening residential properties with potential water damage [1]

Group 1 - U-Haul Holding Company reported consolidated revenue of $1.71 billion for Q2 2026, an increase from $1.65 billion in Q2 2025, with self-moving equipment rental revenues rising by $23.1 million year-over-year [1] - Earnings from operations decreased to $217.6 million in Q2 2026 compared to $302.0 million in Q2 2025, while total costs and expenses rose by $146.2 million year-over-year [2] - The depreciation expense related to the rental fleet increased by $50.6 million year-over-year due to a rise in the number of box trucks and anticipated decreases in resale values [3] Group 2 - U-Haul added 23 locations with storage, translating to approximately 1.6 million new net rentable square feet, with 6.5 million square feet actively developed across 116 projects [3]

Core Insights - U-Haul reported Q3 CY2025 revenue of $1.72 billion, reflecting a 3.7% year-on-year growth, meeting Wall Street expectations, but GAAP profit of $0.49 per share fell 24.6% short of analyst estimates [1][6] Financial Performance - Revenue: $1.72 billion vs analyst estimates of $1.73 billion, representing a 3.7% year-on-year growth [6] - EPS (GAAP): $0.49 vs analyst expectations of $0.65, a 24.6% miss [6] - Adjusted EBITDA: $523.9 million vs analyst estimates of $569.5 million, with a margin of 30.5%, an 8% miss [6] - Operating Margin: 12.9%, down from 18.4% in the same quarter last year [6] - Market Capitalization: $9.61 billion [6] Operational Challenges - Increased depreciation expenses and losses on equipment sales significantly impacted profit, attributed to high purchase prices of trucks now facing lower resale values [3][7] - Management highlighted the need for fleet refreshes, with Chairman Edward Shoen noting the high costs associated with acquiring new trucks [3][7] Strategic Initiatives - U-Haul is expanding its dealer network, surpassing 25,000 independent dealer locations, which is expected to enhance inventory deployment and support growth in moving transactions [7] - The company is focusing on growing its U-Box and self-storage businesses, which are viewed as future profit drivers despite high competition in the storage sector [4][8] Future Outlook - Management anticipates continued near-term pressure from depreciation and residual values but sees potential benefits from lower new vehicle prices as the market resets [4] - Efforts to control repair and maintenance costs are underway, with plans to stabilize margins in the coming quarters [8]

Financial Data and Key Metrics Changes - The company reported second-quarter earnings of $106 million, down from $187 million in the same quarter last year, resulting in a decrease in earnings per share (EPS) from $0.96 to $0.54 [7][8] - Adjusted EBITDA in the moving and storage segment increased by 6%, or nearly $32 million, driven by revenue growth across all product lines [8][11] - The largest difference between adjusted EBITDA and GAAP earnings was attributed to depreciation, with a reported loss of $38 million on the disposal of retired rental equipment compared to an $18 million gain last year [9][10] Business Line Data and Key Metrics Changes - Equipment rental revenue increased by $23 million, or about 2%, despite a decrease in overall transactions [10] - Self-storage revenues rose nearly $22 million, or about 10%, with average revenue per foot improving by just under 5% [11][12] - The company added 23 storage locations, translating to approximately 1.6 million new net rentable square feet [13] Market Data and Key Metrics Changes - Same store occupancy decreased by 350 basis points to 90.5%, primarily due to the removal of delinquent tenants [12] - The company has added nearly 1,000 new independent dealer locations in the past 12 months, surpassing 25,000 total locations for the first time [10] Company Strategy and Development Direction - The company is focused on expanding its dealer network to improve truck and trailer inventory balance and increase demand [4][10] - Management is prioritizing expanding the self-storage footprint over increasing depth, indicating a competitive environment with strong price sensitivity among customers [5][33] - The company is optimistic about the potential benefits from reduced regulations affecting the transportation economy [6] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges with increased depreciation and repair costs, but expressed confidence in the long-term stability of various business lines [4][6] - The company expects to see visible results from its dealer network expansion by May, with significant opportunities for increased market penetration [32][34] - Management noted that existing home sales are unlikely to significantly boost one-way rentals or U-Box growth, citing consumer uncertainty [40] Other Important Information - Capital expenditures for new rental equipment for the first six months of the year were $1,325 million, up $169 million from the previous year [11] - The company has invested $526 million in real estate acquisitions and self-storage development during the first half of fiscal 2026, down $208 million from the same period last year [13] Q&A Session Summary Question: Clarification on depreciation method - Management explained that they use a dynamic depreciation model for box trucks and a straight-line method for cargo vans, with current depreciation rates reflecting market conditions [18][19] Question: Expectations for peak depreciation expenses - Management anticipates box truck depreciation to peak towards the end of this year, while cargo van prices are expected to decrease [21][22] Question: Competitive intensity in self-storage - Management noted that competitive pricing strategies among competitors are causing a "slugfest" in the self-storage market, with a focus on maintaining customer expectations [36][37] Question: U-Box revenue growth and market share - Management confirmed that U-Box is gaining market share and is positioned for significant future growth, with profitability expected to improve as occupancy increases [63][65] Question: Impact of tariffs on vehicle costs - Management indicated that while there are concerns about tariffs, they have not yet seen significant impacts on vehicle pricing [54][56]