Financial Data and Key Metrics Changes - The company reported third quarter earnings of $9.33 per share, a significant increase from $1.58 per share for the same period in fiscal 2020 [8] - Equipment rentals increased by 30%, approximately $187 million, while for the nine months, the increase was 10%, or $219 million [9] - Operating earnings in the moving and storage segment rose by $202 million to a total of $264 million for the quarter [19] - Cash and availability from existing loan facilities totaled $1.343 million at December 31 [21] Business Line Data and Key Metrics Changes - Retail product sales increased by $20 million or 37% for the quarter, with all major product lines reporting gains [18] - The self-storage segment saw revenues up by $16 million or 15%, with an increase of 66,900 occupied units compared to the same time last year [14] - Capital expenditures on new rental trucks and trailers were $541 million for the first nine months, down from $1.161 billion for the same period last year [11] Market Data and Key Metrics Changes - The company added over 29,000 new rooms during the first nine months of the year, compared to 59,000 rooms added in the same period last year [15] - The all-in blended occupancy rate increased from 67% last year to 73% this year [15] - Approximately 6.6 million new rentable square feet are in development across 134 projects [17] Company Strategy and Development Direction - The company aims to expand into more markets with company stores, focusing on areas that have not been economically viable in the past [45] - There is a goal to increase the pace of investment in self-storage and U-Box warehouse space, contingent on finding suitable opportunities [16] - The company is working to ramp up the manufacturing of new equipment to normalize fleet rotation over the next 1.5 to 2 years [12] Management's Comments on Operating Environment and Future Outlook - Management noted strong customer demand for self-moving products and services, attributing success to frontline teams and technology [9] - The company is cautious about future cash flow and plans to ramp back up CapEx programs while monitoring COVID-19 developments [76] - Management expressed confidence in the ability to adapt to changing consumer behavior and migration patterns, indicating a potential for sustained demand [49] Other Important Information - The company declared and paid a $2 per share special cash dividend during the third quarter [21] - Proceeds from the sales of retired rental equipment decreased by nearly $162 million to a total of $430 million for the first nine months of this year [13] Q&A Session Summary Question: Can you discuss the leverage of the business given the strong quarter? - Management indicated that 40% of the revenue increase was from transaction growth, with the remainder from revenue per transaction, primarily driven by rate increases [28] Question: How has the cost structure changed with revenue increases? - Personnel expenses increased only slightly, with the majority of the increase attributed to performance-based compensation for field teams [31] Question: What is the outlook for occupancy rates in self-storage? - Management expects occupancy rates to continue rising due to a pause in construction caused by COVID-19 [60] Question: How is the company adapting to changes in mobility and migration? - The company plans to continue expanding into new markets and enhancing its dealer network to meet demand [46] Question: What is the expected depreciation in the next fiscal year? - Depreciation is expected to trend upwards as production of new trucks resumes, with a significant impact anticipated from the timing of truck production [68]

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Form 10-Q For the transition period from __________________ to __________________ Commission File Number 001-11255 State or other jurisdiction of incorporation or organization Registrant, State of Incorporation, Address and Telephone Number Ne ...

AMERCO (NYSE:UHAL) Q2 2021 Earnings Conference Call November 5, 2020 10:00 AM ET Company Participants Sebastien Reyes - Director of Investor Relations Joe Shoen - Chairman of Board Jason Berg - Chief Financial Officer Sam Shoen - Program Manager, U-Box Conference Call Participants Steven Ralston - Zacks Jamie Wilen - Wilen Management Craig Inman - Artisan Partners Operator Good day, ladies and gentlemen and welcome to the AMERCO Second Quarter Fiscal 2021 Investor Call and Webcast. All lines have been place ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 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 Registrant, State ...

AMERCO (NYSE:UHAL) Q1 2021 Results Conference Call August 6, 2020 11:00 AM ET Company Participants Sebastien Reyes - Director of Investor Relations Edward Shoen - President & Chief Executive Officer Jason Berg - Chief Financial Officer Conference Call Participants Ian Gilson - Zacks Investment Research Jamie Wilen - Wilen Management Diane Huang - Cinctive Craig Inman - Artisan Partners Ian Gilson - Zacks Investment Research Operator Good morning, and welcome to the AMERCO First Quarter Fiscal 2021 Investor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 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 Registrant, State of I ...

AMERCO (NYSE:UHAL) Q4 2020 Earnings Conference Call May 28, 2020 11:00 AM ET Company Participants Sebastien Reyes - Director of Investor Relations Edward Shoen - Chairman of the Board Directors, President & Chief Executive Officer Jason Berg - Chief Financial Officer Conference Call Participants Ian Gilson - Zacks Investment Research Jamie Wilen - Wilen Management Craig Inman - Artisan Partners Operator Good day, and welcome to the AMERCO Fourth Quarter Fiscal 2020 Year End Investor Call and Webcast. All ...

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 ...