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Jun 30, 2024

U-Haul Q1 2025 Earnings Report

U-Haul Holding Company reported first quarter fiscal 2025 financial results.

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.

Total Revenue
$1.55B
Previous year: $1.54B
+0.5%
EPS
$0.95
Previous year: $1.27
-25.2%
Avg monthly occupancy rate
80%
Self-storage facilities units
748
Previous year: 683
+9.5%
Total self-storage square footage
63.59M
Previous year: 57.53M
+10.5%
Gross Profit
$306M
Cash and Equivalents
$1.15B
Free Cash Flow
-$509M
Total Assets
$19.3B

U-Haul

U-Haul

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