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.
News for U-Haul Holding Company (NYSE: UHAL, UHAL.B) centers on its Moving and Storage operations, insurance subsidiaries and capital markets activity. As the parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, the company issues regular updates through press releases and SEC-referenced announcements.
Investors and observers can expect coverage of quarterly and semiannual financial results, where U-Haul Holding Company reports revenues and earnings from operations by segment, discusses trends in self-moving equipment rental, self-storage performance, U-Box container growth and key cost items such as fleet depreciation and maintenance. These releases also highlight cash and credit availability, debt metrics and adjusted EBITDA for the Moving and Storage segment.
Another recurring category of news involves the U-Haul Growth Index, which ranks U.S. states, metropolitan areas and cities based on net gains or losses of one-way U-Haul customers. These stories identify top growth states like Texas and Florida in specific years, leading metros such as Dallas-Fort Worth-Arlington, and growth cities such as Ocala, Florida, using transaction data from millions of one-way rentals across the U.S. and Canada.
Company communications also frequently describe community-focused initiatives, including offers of 30 days of free self-storage and U-Box container usage in areas affected by flooding and other natural disasters. Additional news items may cover network developments such as the opening or closure of repair shops, job creation at new facilities, participation in investor conferences, and announcements of dividends on the company’s non-voting common stock.
By following this news feed, readers can monitor U-Haul Holding Company’s operating trends, geographic migration insights, disaster relief efforts and corporate actions in one place.
AMERCO (Nasdaq: UHAL) reported a significant increase in net earnings for Q3 of fiscal 2021, reaching $183.0 million or $9.33 per share, up from $30.9 million or $1.58 per share year-over-year. For the nine months ending December 31, 2020, net earnings climbed to $537.1 million, a 68% increase compared to the previous year. Self-moving equipment rental revenues surged 30% to $186.7 million, while self-storage revenues rose 15%. The company also declared a $2.00
U-Haul has acquired the former Southern Illinoisan newspaper building in Carbondale, transforming it into a self-storage facility. The acquisition, completed on January 29, 2021, involves a 48,106-square-foot structure on 3.25 acres. Approximately 400 climate-controlled storage rooms with advanced security features will be available post-renovation, slated for spring 2021 completion. U-Haul's initiative aligns with its sustainability goals, reusing existing buildings to lower carbon footprints and serve community needs.
U-Haul is transforming a former metal scrapyard at 7300 E. Adobe Drive in Scottsdale into a retail and self-storage facility. Acquired on Nov. 25, the site will offer truck and trailer sharing, U-Box® containers, and a retail showroom with moving supplies. The expansion is in response to North Scottsdale's growing population, which is driving demand for self-storage. U-Haul plans to hire 20 local team members. The company emphasizes safety protocols during the COVID-19 pandemic.
U-Haul is providing 30 days of free self-storage to residents affected by the recent tornado and severe storms in central Alabama. This initiative aims to assist individuals in Fultondale and surrounding areas as they begin recovery efforts. U-Haul locations will serve as a secure place to store belongings during this challenging time. The company's president, Scott Fall, emphasized the importance of community support. U-Haul is also recognized as an official American Red Cross Disaster Responder, reinforcing its commitment to aiding communities in need.
AMERCO (Nasdaq: UHAL), the parent company of U-Haul, plans to announce its third quarter fiscal 2021 financial results after market close on February 3, 2021. An investor conference call will take place on February 4, 2021, at 8 a.m. Arizona Time (10 a.m. ET). This call may include forward-looking statements and will be archived for one year on the company’s website.
U-Haul has announced that North Port, Florida, is the top growth city in the U.S. for 2020 based on migration trends. The area experienced a 40% increase in one-way U-Haul truck arrivals compared to 2019, representing 62.3% of local traffic. Kissimmee and Port St. Lucie also ranked highly, reflecting Florida's strong moving trends. U-Haul's data, derived from over 2 million one-way truck transactions, highlights the appeal of these cities amid the pandemic. The report underscores the growth potential in regions like North Port, supported by economic factors and lifestyle amenities.
The COVID-19 pandemic has spurred a significant out-migration from densely populated areas like New York City and the San Francisco Bay Area, according to a U-Haul report. In 2020, U-Haul data showed a marked increase in one-way truck rentals, especially from March to June, indicating urban residents relocating to less crowded areas. For instance, 58% of U-Haul traffic from San Francisco were departures, and New York City saw a 35% decrease in truck arrivals. Popular destinations included Bridgeport and Chicago. Overall, self-moves surged post-lockdown, reflecting a rebound in the moving industry.
U-Haul has been named a finalist for two categories in the S&P Global Platts Global Energy Awards, recognizing its corporate sustainability program and expanding green initiatives. This marks the fifth and sixth times U-Haul has received such honors since 2011, out of 300 nominations from over three dozen countries. The company was nominated for the Corporate Social Responsibility Award and the Sustained Excellence–Green Initiative Award.
U-Haul emphasizes its commitment to sustainability through energy-efficient programs and eco-friendly products, maintaining a focus on reducing its environmental impact.
AMERCO (Nasdaq: UHAL) announced a special cash dividend of $2.00 per share on December 9, 2020. The dividend will be paid on December 30, 2020 to shareholders on record as of December 21, 2020. This announcement reflects AMERCO's commitment to returning value to its investors. As the parent company of U-Haul and other subsidiaries, AMERCO continues to lead in the rental and moving industry, with a focus on customer satisfaction and environmental responsibility.
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