Quarterly ResultAug 5, 2026, 04:17 PM
U-Haul Q1 Net Earnings $122.9M, EPS $0.63; Revenue Up 3.2%
AI Summary
U-Haul Holding Company reported first-quarter fiscal 2027 net earnings of $122.9 million, a decrease from $142.3 million in the prior year, with Non-Voting EPS falling to $0.63 from $0.73. Despite this, consolidated revenue grew 3.2% to $1.68 billion, driven by increases in self-moving equipment rental and self-storage revenues. Moving and Storage earnings from operations and adjusted EBITDA both saw declines, while the company continued to expand its self-storage footprint and repurchase shares.
Key Highlights
- Net earnings available to common shareholders decreased to $122.9 million from $142.3 million YoY.
- Earnings per share for Non-Voting Shares (UHAL.B) were $0.63, down from $0.73 YoY.
- Consolidated revenue increased 3.2% to $1,682.0 million from $1,630.5 million YoY.
- Self-moving equipment rental revenues rose 2.8% to $1,087.6 million.
- Self-storage revenues increased 6.8% to $250.2 million.
- Moving and Storage earnings from operations decreased $8.1 million to $234.8 million.
- The company repurchased $15.6 million of Voting common stock and $32.4 million of Non-Voting common stock.
- Declared a cash dividend of $0.05 per share on Non-Voting Common Stock.
Price Impact
More from UHAL