Core Insights - Good Greek Moving & Storage has been named the first official movers of UFC, marking a significant marketing partnership that will enhance brand visibility during UFC events [1][2] Company Overview - Good Greek Moving & Storage is recognized as the World's Only Total Relocation Company, offering a wide range of services including moving, storage, realty, insurance, junk removal, automobile transport, pet transport, and concierge services [5][6] - The company is headquartered in Palm Beach County, Florida, and is expanding both nationally and globally, serving as official movers for over 20 major sports organizations [7] Partnership Details - The partnership with UFC includes prominent branding opportunities at selected UFC Fight Nights and Dana White's Contender Series, providing strong visibility for Good Greek [2][3] - An annual Brand Ambassador program will be established to enhance the partnership through appearances and creative campaigns involving UFC athletes [3] Industry Context - UFC is a leading mixed martial arts organization with over 700 million fans and approximately 330 million social media followers, producing more than 40 live events annually [4] - The partnership aligns with UFC's strategy to engage with diverse industries and enhance its marketing reach [2]

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, ...

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]

Group 1 - U-Haul is opening a new repair shop in North Little Rock, creating at least 24 jobs for the local community [1] - The new facility spans 30,000 square feet and is located on a 13-acre parcel acquired in 2024 [1] - Operations at the repair shop will focus on routine maintenance and repairs for regional fleet equipment [1] Group 2 - Future plans for the remaining land include a three-story retail, moving and self-storage center, and a warehouse [1]

Core Points - U-Haul Company of Eastern Florida is providing 30 days of free self-storage and U-Box container usage to assist flood victims in Brevard County [1][2][4] - The initiative is part of U-Haul's commitment to disaster relief and community support, positioning the company as an official American Red Cross Disaster Responder [4] Company Overview - U-Haul is celebrating its 80th anniversary in 2025 and operates over 24,000 rental locations across the U.S. and Canada [5] - The company has a fleet of 197,500 trucks, 137,200 trailers, and 41,300 towing devices, making it the third largest self-storage operator in North America with 1,093,000 rentable storage units [6] - U-Haul is also the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry [6] Disaster Relief Program - The 30 days free offer is applicable to new self-storage and U-Box rentals, subject to availability at participating locations [3] - U-Haul has made specific centers available for this program, including locations in Cocoa, Melbourne, and Titusville [4]

Financial Data and Key Metrics Changes - The company reported first quarter earnings of $142 million, down from $195 million in the same quarter last year, resulting in an EPS of $0.73 compared to $1 last year [5] - Adjusted EBITDA for the Moving and Storage segment increased by 6%, or nearly $31 million, driven by strong revenue growth across all product lines [5] - A $22 million loss was recorded on the disposal of retired rental equipment, compared to an $8 million gain last year, attributed to higher initial costs and lower resale values [6] Business Line Data and Key Metrics Changes - Equipment rental revenue increased by $44 million, just over 4%, with revenue per transaction rising for both in-town and one-way markets [7] - Storage revenues were up $19 million, representing a 9% increase for the quarter, with average revenue per foot improving by just over 1% [8] - U Box revenue increased by $21 million, with U Box itself up about 16%, indicating success in increasing moving transactions and storage container usage [12] Market Data and Key Metrics Changes - Same store occupancy decreased by 100 basis points to just under 93%, with efforts underway to increase available rooms by focusing on delinquent units [10] - The company added 15 locations with approximately 1.2 million new net rentable square feet, with 6.5 million square feet currently under development across 124 projects [11] Company Strategy and Development Direction - The company is focusing on increasing the number of available rooms at existing locations and improving the U Box service, which is seen as a growing area with potential for significant expansion [22] - Capital expenditures for new rental equipment were $585 million, a $46 million increase compared to the same time last year, indicating a commitment to fleet expansion [8] - The company aims to rationalize capital allocation while continuing to invest in self-storage and U Box warehouse development [43] Management's Comments on Operating Environment and Future Outlook - Management noted that while revenue is trending positively, transaction volumes have not yet seen significant improvement [7][56] - The company is facing challenges in placing new equipment efficiently across its expanded network of locations, which has increased significantly over the past two years [53] - Future revenue growth from existing storage locations is projected to be substantial, with estimates suggesting around $260 million could flow to the bottom line as occupancy improves [39] Other Important Information - The company will hold its nineteenth Annual Virtual Analyst and Investor Meeting on August 21, providing an opportunity for direct interaction with company representatives [13] - Management emphasized the importance of understanding the U Box product and service as it continues to grow, indicating optimism about its future potential [21] Q&A Session Summary Question: U Box growth potential - Management believes U Box could grow significantly, potentially matching the size of traditional U Haul services, but consumer understanding of the product is still developing [21][22] Question: U Box one-way moves compared to rental segment - U Box one-way transactions are growing faster than truck rental transactions, indicating a decoupled performance between the two segments [32] Question: Margin trends and storage segment dynamics - Management noted that headwinds affecting margins are primarily truck-related, with increased liability costs and depreciation impacting earnings [40][42] Question: Future revenue from storage and development costs - Approximately 80% of additional revenue from non-same store locations is expected to flow to the bottom line, with development costs estimated at around $150 per square foot [59][64]