UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15( d ) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15( d ) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________________ to _________________ Commission File Number 001-11255 State or other jurisdiction of incorporation or organization Nevada 88-0106815 Registra ...

Financial Data and Key Metrics Changes - The company reported Q3 earnings of $1.58 per share, down from $4.01 per share in the same quarter last year [13] - EBITDA decreased by approximately $30 million in Q3, with profits described as "lousy" [11] - Equipment rental revenues decreased nearly 1% or about $5 million, primarily due to decreased corporate account activity [14] - Storage revenues increased by $13 million, representing a growth of just over 14% [17] Business Line Data and Key Metrics Changes - Equipment rental revenues were negatively impacted by a decline in last mile delivery services, while other equipment rentals, including one-way and In-Town markets, continued to grow [14][15] - The self-storage business saw an increase of 45,000 occupied units, a 45% increase in the pace of filling rooms year-over-year [17] - Operating earnings in the Moving and Storage segment decreased by $58 million to $62 million for the quarter [21] Market Data and Key Metrics Changes - The company added 122 new storage locations, with an average monthly occupancy of 67% across all facilities [19][20] - The average occupancy at locations with over 80% occupancy was 90%, slightly up from the previous year [19] Company Strategy and Development Direction - The company plans to focus on the self-storage business and aims to be the customer's best choice despite competitive pressures [10] - Management acknowledged the potential for oversupply in localized markets due to new storage products flooding the market [10] - The company intends to continue investing in its future despite current profit challenges [11] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the profitability of the last mile business and noted that stringent customer qualifications led to lost accounts [8][9] - The company is facing challenges in managing fixed costs associated with its fleet, which impacts profitability [30] - Management indicated that while they are investing heavily in capital expenditures, they are also aware of the need to optimize profitability and cash generation [56][68] Other Important Information - Capital expenditures on new rental trucks and trailers were $1,161 million for the first nine months of fiscal 2020, compared to $882 million in the same period last year [16] - The company declared a $0.50 per share cash dividend in December [26] Q&A Session Summary Question: Profitability of last mile delivery services - Management acknowledged that while profitability may have improved, fixed costs associated with the fleet still impacted overall margins [30][31] Question: Concerns about Amazon becoming a competitor - Management expressed confidence that Amazon's entry into the fleet management space would be challenging and not directly comparable to U-Haul's business model [33][34] Question: Operating expenses as a percentage of rental revenue - Management confirmed that the increase in operating expenses was primarily due to a decline in equipment revenue rather than a dramatic increase in costs [39][40] Question: U-Box program performance - Management indicated that while revenue growth for the U-Box program has slowed, profit contribution has improved [50][51] Question: Capital allocation and fleet utilization concerns - Management acknowledged the need for better capital allocation and indicated that they are aware of the challenges related to fleet utilization [54][56] Question: Self-storage capacity and profitability - Management noted a trend of slowing acquisitions and indicated that capital expenditures for self-storage would decrease in the coming years [66][68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) [x]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended December 31, 2019 or [ ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________________ to __________________ Commission File Number Registrant, State of Incorporation, Address and Telephone Number I.R.S. Employer Identi ...

AMERCO (NYSE:UHAL) Q2 2020 Earnings Conference Call November 7, 2019 10:00 AM ET Company Participants Sebastien Reyes – Vice President of Communications Joe Shoen – Chairman Jason Berg – Chief Financial Officer Conference Call Participants George Godfrey – CL King Ian Gilson – Zacks Investment Research Jamie Wilen – Wilen Management Operator Good day, and welcome to the AMERCO Second Quarter Financial 2020 Investor Call and Webcast. All participants will be in listen-only mode. [Operator Instructions] After ...

| Commission File Number | Registrant, State of Incorporation, Address and Telephone Number | I.R.S. Employer Identification No. | | --- | --- | --- | | 001-11255 | | 88-0106815 | | | AMERCO | | | | (A Nevada Corporation) | | | | 5555 Kietzke Lane Suite 100 | | | | Reno NV 89511 | | | | Telephone 775 688-6300 | | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) [x]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quar ...

AMERCO (NYSE:UHAL) Q1 2020 Earnings Conference Call August 8, 2019 10:30 AM ET Company Participants Sebastien Reyes - Director, IR Jason Berg - CFO Conference Call Participants Ian Gilson - Zacks Investment Research Jamie Wilen - Wilen Management George Godfrey - C.L. King Craig Inman - Artisan Partners Operator Good morning and welcome to the AMERCO First Quarter Fiscal 2019 Investor Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions]. After today's presentation there ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) [x]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2019 or [ ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________________ to __________________ Commission File Number Registrant, State of Incorporation, Address and Telephone Number I.R.S. Employer Identifica ...

AMERCO (UHAL) Q4 2019 Earnings Conference Call May 30, 2019 11:00 AM ET Company Participants Sebastien Reyes - Director, Investor Relations Joe Shoen - Chairman, President and Chief Executive Officer Jason Berg - Chief Financial Officer Conference Call Participants George Godfrey - C.L. King Ian Gilson - Zacks Investment Research James Wilen - Wilen Investment Management Craig Inman - Artisan Partners Operator Good morning and welcome to the AMERCO Fourth Quarter Fiscal 2019 Year-end Investor Call. [Operato ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) [X]ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended March 31, 2019 or [ ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________________ to _________________ Commission File Number Registrant, State of Incorporation Address and Telephone Number I.R.S. Employer Identification No. ...

Amerco (NYSE:UHAL) Q3 2019 Earnings Conference Call February 7, 2019 10:00 AM ET Company Participants Sebastien Reyes - Director, Investor Relations Joe Shoen - Chairman, President and Chief Executive Officer Jason Berg - Chief Financial Officer Conference Call Participants George Godfrey - C.L. King Ian Gilson - Zacks Investment Research Craig Inman - Artisan Partners Operator Good day and welcome to the Amerco Third Quarter Fiscal 2019 Investor Call and Webcast. [Operator Instructions] Please note this ev ...