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 ...

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. Registrant, State of Incorporation, Address and Telephone Number I.R.S. Employer Identification No. For the quarterly period ended December 31, 2018 or [ ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________________ to __________________ Commission ...