Financial Performance - U-Haul Holding Company reported a net loss of $37.0 million for Q3 fiscal 2026, compared to a net earnings of $67.2 million in the same period last year, resulting in a loss per share of $0.18 versus earnings of $0.35[1][2]. - For the nine-month period ended December 31, 2025, net earnings available to shareholders were $210.9 million, down from $449.4 million year-over-year, with earnings per share decreasing from $2.31 to $1.09[2]. - The company reported earnings from operations of $508,680, down 32.9% from $758,930 in the same period last year[16]. - Net earnings available to common stockholders for the quarter ending December 31, 2025, were reported at $(36,968) thousand, compared to $67,166 thousand for the same quarter in 2024, indicating a significant decline[40]. - Earnings available to common stockholders for the nine months were $210,913,000, down from $449,381,000, a decrease of 53%[27]. - Basic and diluted earnings per share of Non-Voting Common Stock for the nine months were $1.09, compared to $2.31 in the previous year, a decline of 52.8%[32]. Revenue and Growth - Total consolidated revenue for Q3 fiscal 2026 was $1,415.6 million, up from $1,388.6 million in Q3 fiscal 2025[12]. - Consolidated revenue for the first nine months of fiscal 2026 reached $4,766,000, an increase of 3.7% from $4,595,156 in the same period of fiscal 2025[16]. - Self-storage revenues increased to $725,596, reflecting an increase of 8.7% compared to $667,381 in the previous year[15]. - Self-moving equipment rental revenues rose to $886,170,000, compared to $878,585,000 in the prior year, reflecting an increase of 0.7%[26]. - Self-storage revenues increased to $245,060,000, up from $227,125,000, marking a 7.9% growth year-over-year[26]. Operational Metrics - Moving and Storage earnings from operations decreased by $120.2 million to $7.1 million compared to Q3 fiscal 2025, primarily due to increased losses from equipment disposal and higher liability costs[4]. - Average monthly occupancy rate for self-storage units decreased to 75.6% from 79.9% year-over-year[17]. - The average revenue per occupied square foot for self-storage was $17.40, with a total of 72,642,164 square feet occupied across all locations[18]. - The company owned 847 self-storage units as of December 31, 2025, compared to 781 units a year earlier, representing an increase of 8.4%[17]. Costs and Expenses - Total costs and expenses for the quarter were $1,381,936,000, compared to $1,237,826,000 in the previous year, an increase of 11.6%[26]. - Fleet maintenance and repair costs increased by $13.1 million compared to Q3 fiscal 2025[9]. - Interest expense for the quarter ending December 31, 2025, was $95,555 thousand, an increase from $76,833 thousand in the same quarter of the previous year[40]. - Total depreciation expense for the first nine months was $883,104, a significant increase of 22.9% from $718,755 in the prior year[17]. Assets and Investments - The total assets of the company as of December 31, 2025, were $21,617,644, an increase from $20,479,170 as of March 31, 2025[23]. - Cash and cash equivalents increased to $1,032,257 from $988,828, showing a growth of 4.4%[23]. - Total property, plant, and equipment, net increased to $16,227,373 thousand as of December 31, 2025, up from $15,251,298 thousand year-over-year, representing a growth of approximately 6.4%[35]. - The total cost of property, plant, and equipment at cost was $22,844,026 thousand as of December 31, 2025, compared to $21,372,286 thousand a year earlier, marking an increase of about 6.9%[35]. Strategic Initiatives - U-Haul added 16 new storage locations with 1.5 million net rentable square feet during Q3 fiscal 2026, with approximately 12.9 million NRSF in development or pending[4]. - The company anticipates improving market penetration in U-Move and aims to differentiate itself in the self-storage market to enhance top-line revenue[3].
U-Haul pany(UHAL_B) - 2026 Q3 - Quarterly Results