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.
On August 27, 2021, Humble Design will celebrate its 2,000th client served, transforming homes for families transitioning out of homelessness. This milestone showcases the charity's commitment to providing clean, dignified living spaces through professional design and community donations. U-Haul, a partner since 2016, serves as the 2K Family Sponsor. Humble Design operates in various cities, including Seattle, Chicago, and Detroit, with a remarkable success rate, as 99% of clients escape the cycle of homelessness after receiving services.
Detroit-based non-profit Humble Design is set to celebrate its milestone of serving 2,000 clients emerging from homelessness on Aug. 27, 2021. The organization provides professional design services and gently used furnishings to create welcoming homes for at-risk families and veterans. U-Haul has partnered with Humble Design since 2016 and will sponsor this significant event. The charity notes a 99% success rate in helping families escape homelessness, highlighting the impact of community involvement and support.
Humble Design, a non-profit organization, is celebrating serving its 2,000th client who is transitioning out of homelessness. Scheduled for Aug. 27, the event will showcase the transformation of a veteran's empty residence into a welcoming home. Operating in cities like Chicago, Cleveland, Detroit, San Diego, and Seattle, the organization has significantly increased its impact in recent years, with a 99% success rate in helping families escape homelessness. U-Haul, a partner since 2016, is sponsoring this milestone event.
AMERCO (Nasdaq: UHAL) announced a special cash dividend of $0.50 per share on August 19, 2021. This dividend will be payable on September 21, 2021, to shareholders on record as of September 7, 2021. As the parent company of U-Haul International and other subsidiaries, AMERCO supports a business model that benefits both customers and the environment. U-Haul, a leader in the shared use business, operates over 23,000 locations and has a significant fleet and storage capacity in North America.
AMERCO (Nasdaq: UHAL) will host its fifteenth annual virtual analyst and investor meeting on August 19, 2021, at 11 a.m. Arizona time. This meeting aims to facilitate interaction between investors and company representatives, as stated by chairman Joe Shoen. The virtual format is designed to conserve shareholder resources and aligns with U-Haul's sustainability initiatives. Participants can join via www.amerco.com. U-Haul, under AMERCO, operates over 23,000 locations in North America, with a fleet of approximately 176,000 trucks.
The U-Haul of Historical Milford has permanently closed after 44 years of operation. The 0.9-acre property will remain owned by U-Haul, which plans to lease the 6,556-square-foot building to a new tenant. Customers can access self-move services just three miles away at U-Haul Moving & Storage at Milford Parkway, which will introduce indoor climate-controlled storage options. The closure affected seven employees, and U-Haul continues its commitment to serving communities during the COVID-19 recovery with extensive safety measures.
AMERCO (Nasdaq: UHAL) reported a substantial increase in net earnings for Q1 fiscal 2022, reaching $345.2 million ($17.60 per share) compared to $87.7 million ($4.47 per share) last year. Key growth drivers included a 58.2% rise in self-moving equipment rental revenues, totaling $381.1 million, along with a 26.1% increase in self-storage revenues. Gross capital expenditures surged to approximately $304 million, while cash availability in the Moving and Storage segment improved to $1.54 billion. Operating earnings in this segment rose significantly by $331.3 million year-over-year.
AMERCO (Nasdaq: UHAL) announced an upgrade of the Financial Strength Rating to A (Excellent) and the Issuer Credit Rating of 'a' (Excellent) for its subsidiary, Oxford Life Insurance Company, by A.M. Best. This upgrade signifies the strong credit quality and business profile of Oxford Life. Mark A. Haydukovich, President of Oxford Life, attributed this success to their focus on affordable insurance solutions and maintaining fiscal discipline. Oxford Life aims to meet the needs of the growing senior market through innovative initiatives and distribution enhancements.
AMERCO (Nasdaq: UHAL) will report its first quarter fiscal 2022 financial results on August 4, 2021, after market close. An investor conference call will follow on August 5, 2021, at 8 a.m. Arizona Time (11 a.m. ET).
U-Haul, a subsidiary of AMERCO, operates the largest network of moving and storage centers, boasting over 23,000 locations, with a fleet that includes approximately 176,000 trucks and 812,000 storage units across North America.
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