Welcome to our dedicated page for U-Haul Holding Company news (Ticker: UHAL), a resource for investors and traders seeking the latest updates and insights on U-Haul Holding Company stock.
U-Haul Holding Company (symbol: UHAL) is a prominent American enterprise specializing in the rental of trucks, trailers, and self-storage space. Founded in 1945, the company has firmly established itself as the No. 1 choice of do-it-yourself movers with over 23,000 rental locations across the United States and Canada. U-Haul’s wide array of services includes moving truck and trailer rentals, self-storage units, moving boxes, and packing supplies. Additionally, the company provides LPG (propane) refills, trailer hitch and wiring installation, and storage container rentals.
U-Haul operates through three key segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment, being the most significant, contributes the majority of its revenue. The company’s fleet boasts impressive numbers, including 192,200 trucks, 138,500 trailers, and 44,500 towing devices. U-Haul is also the third-largest self-storage operator in North America, overseeing 967,000 rentable units and 83.3 million square feet of self-storage space.
U-Haul continues to expand its reach with several ambitious projects. Recently, U-Haul announced the development of new retail, moving, and self-storage centers in Junction City, Kansas, and Lake Ozark, Missouri. These centers will feature climate-controlled storage units, truck and trailer sharing, and U-Box portable storage containers. Additionally, U-Haul has acquired properties in Webster, New York, and Decatur, Alabama, further enhancing its service capacity in these regions.
The company actively promotes sustainability. Its shared-use business model allows communities to share moving equipment, reducing the need for large-capacity vehicle ownership. U-Haul’s Adaptive Reuse program, which repurposes existing buildings, along with innovations like fuel-efficient truck modifications and recyclable Ready-To-Go Boxes, underscores its commitment to green business practices. Recently, its U-Box Load Share program was awarded the 2023 Best in Biz gold for being the Most Environmentally Friendly Service of the Year.
U-Haul is also a significant employer, recognized as a Best for Vets employer by The Military Times. It actively recruits veterans and promotes job growth in local communities, planning to hire locally for new projects in various locations. The company’s enhanced app facilitates easy access to its services, allowing customers to reserve equipment and manage rentals conveniently through their smartphones.
For more information about U-Haul and its wide array of services, visit their official website or download the U-Haul app from the App Store or Google Play.
AMERCO (Nasdaq: UHAL), the parent company of U-Haul International, has scheduled its sixteenth annual virtual analyst and investor meeting for August 18, 2022, at 11 a.m. Arizona time (2 p.m. Eastern Time). The meeting aims to enhance investor engagement and align with the company's sustainability initiatives. Attendees can participate by visiting www.amerco.com on the day of the event. AMERCO continues to innovate and expand its offerings in the moving and storage industry, maintaining a strong commitment to its customers and the environment.
U-Haul is responding to severe flooding in Kentucky and Tennessee by offering 30 days of free self-storage and U-Box container usage at six facilities. This initiative aims to assist residents during their recovery from the extensive home damage caused by recent storms. The offer is available while supplies last, and impacted individuals are encouraged to utilize the storage services. U-Haul continues to demonstrate its commitment to community aid, being recognized as an official American Red Cross Disaster Responder.
AMERCO (Nasdaq: UHAL) reported net earnings of $334 million, or $17.03 per share, for Q1 fiscal 2023, down from $345.2 million, or $17.60 per share, year-over-year. Self-moving equipment rental revenues increased by $55.4 million, or 5.4%, and self-storage revenues rose by $35.8 million, or 26%. Occupancy rates improved, with a 19% increase in occupied units. However, operating earnings decreased by $1.4 million due to rising costs. Cash and credit availability in the Moving and Storage segment stood at $3.1 billion, reflecting strong liquidity.
U-Haul has acquired 4.66 acres in Kaukauna, Wisconsin, to construct a new retail, moving, and self-storage facility. Scheduled for completion by summer 2024, the four-story building will exceed 100,000 square feet and include ADA-accessible climate-controlled storage rooms with advanced security features. U-Haul aims to address the growing self-storage demand in the Fox Cities area, which has seen significant population growth. The facility will also provide job opportunities, planning to hire at least 15 local team members.
U-Haul is providing 30 days of free self-storage and U-Box container usage to residents in St. Louis affected by severe flooding. This initiative comes after record rainfall resulted in extensive home damage and rescues by emergency services. U-Haul aims to assist impacted families during the clean-up process by offering storage solutions at no cost. They encourage those in need to contact local facilities for assistance. Additionally, U-Haul is an official American Red Cross Disaster Responder, further emphasizing its commitment to aiding communities in crisis.
U-Haul is providing 30 days of free self-storage to residents of northeast Wisconsin affected by recent flooding. The initiatives come in response to thunderstorms that caused significant damage in Oshkosh, leading to a need for secure storage solutions. U-Haul’s disaster relief program aims to support families during recovery, with facilities ready to assist. Additionally, U-Haul encourages the community to contribute through its 'Take a Box, Leave a Box' program for reusable cardboard boxes. U-Haul remains committed as an official American Red Cross Disaster Responder.
U-Haul has announced plans for a new retail, moving, and self-storage facility in Princeton, Texas, set to open by July 2024. The state-of-the-art facility will feature a four-story building, indoor climate-controlled storage, and outdoor drive-up storage. It will provide over 750 ADA-accessible self-storage rooms with advanced security features. U-Haul acquired the 8.83-acre property on July 11 and aims to hire at least 15 local team members. The initiative responds to the growing demand for moving and storage services in the rapidly expanding Princeton area.
U-Haul's Collegeboxes program is set to assist over 7,000 students with moving services for the 2022 school year, showcasing a 40% increase in usage. Families can enjoy a 10% discount on services through July 29 when using the code BACK2SCHOOL. Collegeboxes provides direct delivery options, including Pre-arrival Delivery, helping eliminate moving day stress. The service is available to students across more than 350 schools and also offers shipping services at an additional 990 schools. This program reflects U-Haul's commitment to affordable and efficient student relocation.
AMERCO (Nasdaq: UHAL) has announced it will release its first quarter fiscal 2023 financial results after market close on August 3, 2022. Following the release, an investor conference call and webcast is scheduled for August 4, 2022, at 8 a.m. Arizona Time (11 a.m. ET). Interested parties can access the call online. The company emphasizes its commitment to transparency, with the call including forward-looking statements. AMERCO operates U-Haul and other subsidiaries, with a significant presence in the self-storage and moving industry.
U-Haul has acquired 4.12 acres in Daphne, Alabama, to build a modern retail, moving, and self-storage facility scheduled for completion in 2024. The facility will feature a three-story building with at least 700 climate-controlled storage units and advanced security. U-Haul aims to address local storage needs while promoting job growth by hiring at least 12 local team members. The project is part of U-Haul's growth strategy, reinforcing its position as a leader in the self-storage industry and enhancing community support through local employment opportunities.
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