U-Haul Q1 2025 Earnings Report
Key Takeaways
U-Haul Holding Company reported net earnings available to common shareholders for its first quarter ended June 30, 2024, of $195.4 million, compared with net earnings of $256.8 million for the same period last year.
Self-storage revenues increased $16.8 million, or 8.4% versus the first quarter of fiscal year 2024.
Self-moving equipment rental revenues increased $15.1 million, or 1.5% versus first quarter of fiscal year 2024 marking our first year-over-year improvement in eight quarters.
Moving and Storage Other Revenue increased $9.0 million or 7.3% versus the first quarter of fiscal 2024 due to growth of our U-Box product offering.
Moving and Storage earnings from operations, adjusted to remove interest income, decreased $64.3 million compared to the first quarter of fiscal 2024.
U-Haul
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U-Haul Revenue by Segment
Forward Guidance
U-Haul Holding Company will hold its investor call for the first quarter of fiscal 2025 on Thursday, August 8, 2023, at 8 a.m. Arizona Time (11 a.m. Eastern).
Revenue & Expenses
Visualization of income flow from segment revenue to net income