UHALB - UHALB STOCK NEWS

U-Haul Holding Company (NYSE: UHAL) plans to report its second quarter fiscal 2024 financial results on November 8, 2023. The investor conference call and webcast will be held on November 9, 2023.

U-Haul purchased Round Rock Self Storage facility, adding 294 self-storage units. Plans for U-Box storage warehouse. U-Haul dealers continue to serve DIY movers.

U-Haul Holding Company has declared a quarterly cash dividend of $0.04 per share on its Series N Non-Voting Common Stock. This is the fourth dividend issued under the Company's dividend policy announced on October 25, 2022.

AM Best has revised the Long-Term Issuer Credit Rating outlook of Repwest Insurance Company to positive and affirmed its Financial Strength Rating of A (Excellent). Repwest is owned by U-Haul Holding Company and benefits from U-Haul's market leadership and expansion in the self-storage and self-moving space. The ratings reflect Repwest's strong balance sheet, operating performance, and risk management.

U-Haul Holding Company will hold its seventeenth annual virtual analyst and investor meeting on August 17, 2023. The meeting allows investors and analysts to interact with representatives from the organization and is part of U-Haul System's sustainability initiative.

U-Haul Holding Company reports net earnings of $256.8 million for Q1 2024, a decrease from $338.3 million in Q1 2023. Self-moving equipment rental revenues decreased by 8.4%, while self-storage revenues increased by 14.9%. Sales of self-moving and self-storage products and services decreased by 7.8%. Operating earnings at the Moving and Storage segment decreased by $94.9 million.

U-Haul Holding Company (NYSE: UHAL, UHAL.B) to Report Q1 Fiscal 2024 Financial Results on August 9, 2023

U-Haul plans to open a new retail, moving, and self-storage facility in San Luis Obispo, California. The facility is expected to be completed in 2025 and will include a multi-story self-storage building with 700 indoor units, as well as a separate warehouse for portable moving containers. The company aims to hire at least 15 local team members to staff the new store.

U-Haul has completed the acquisition of the former Lost River Storage facility in Bowling Green, Kentucky, effective March 1, 2023, aiming to enhance its self-storage services for local residents. The new facility, now called U-Haul Moving & Storage of Lost River, spans five acres and offers 673 self-storage units, truck sharing, moving supplies, and extended access hours. Company president Jonathan Nipps stated that the location previously operated as a self-storage facility, allowing for a smooth transition. U-Haul continues to partner with independent dealers across the U.S. and Canada, facilitating additional income for over 21,000 small businesses. U-Haul is regarded as a leading provider of self-storage solutions, owning approximately 913,000 rentable storage units nationwide.