UHALB - UHALB STOCK NEWS

The U-Haul store in Massillon, Ohio, will close on February 28, 2023, after 46 years of service. Originally a gas station, the 1,305-square-foot location was acquired in 1977. The closure will lead to the loss of four jobs. U-Haul plans to lease the property to an independent business to maintain mobility services. Customers can access a nearby store in North Canton for similar services. The decision to close reflects U-Haul's ongoing evaluation of its operational strategy and market conditions. U-Haul continues to partner with over 21,000 independent dealers across the U.S. and Canada to support local communities.

U-Haul announced the closure of its retail showroom at National Road, Richmond, effective February 17, 2023, after 40 years of service. This closure will result in the termination of seven employees. Despite the showroom's closing, U-Haul will maintain self-storage services at the nearby locations, including a recently repurposed facility from a former Kmart store. The company continues to explore growth opportunities through its dealer network, providing support to 21,000 small businesses across the U.S. and Canada.

U-Haul Holding Company (NYSE: UHAL, UHAL.B) reported net earnings of $199.2 million for Q3 ending December 31, 2022, down from $281.5 million YoY. For the nine months, earnings were $885.3 million compared to $1,036.5 million last year. Self-moving equipment rental revenues fell by $76.7 million (8%), while self-storage revenues increased by $31.1 million (20%). Operating earnings in the Moving and Storage segment decreased by $99.1 million, with total revenues down by $25.2 million and costs increasing by $74.0 million. Cash and credit availability rose to $2.89 billion. An investor call is scheduled for February 9, 2023.

The U-Haul store at 610 S. Broadway in Edmond, OK is set to close on February 4, 2023, after 12 years of operation. The closure will affect eight employees. Customers can access services at a new location at 915 S. Broadway, which opened in September 2022, offering an array of moving supplies and climate-controlled storage options. The new location spans 6.4 acres, significantly larger than the previous site. U-Haul continues to seek avenues for growth, occasionally leading to store closures. Local dealers remain available to assist customers in the Edmond area.

U-Haul Holding Company (NYSE: UHAL, UHAL.B) has announced it will report its third quarter fiscal 2023 financial results after market close on February 8, 2023. An investor conference call is scheduled for February 9, 2023 at 8 a.m. Arizona Time (10 a.m. ET). The company is recognized as a leader in the do-it-yourself moving sector with over 23,000 locations and a fleet of approximately 186,000 trucks. U-Haul also stands out as the third largest self-storage operator in North America and has been honored as one of the 15 Healthiest Workplaces in America.

U-Haul Holding Company (NYSE: UHAL, UHAL.B) will ring the Opening Bell at the New York Stock Exchange on January 24, 2023, celebrating its name change and the listing of both stock series. Key executives, including Royal Shoen, granddaughter of co-founders, will participate in the event. Founded in 1945, U-Haul is the leading choice for do-it-yourself movers, boasting over 23,000 locations across the U.S. and Canada. The company's fleet includes around 186,000 trucks and 128,000 trailers, making it the largest propane retailer in the U.S. and the third largest self-storage operator in North America.

On December 7, 2022, AMERCO (Nasdaq: UHAL, UHALB) announced a quarterly cash dividend of $0.04 per share for its Series N Non-Voting Common Stock. The dividend is payable on December 30, 2022, to shareholders recorded by December 19, 2022. This marks the company's first dividend under the new policy established on October 25, 2022, which aims to issue quarterly cash dividends starting in fiscal 2023. Additionally, AMERCO will transition to the New York Stock Exchange on December 19, 2022, coinciding with its official name change to U-Haul Holding Company.

AMERCO (Nasdaq: UHAL, UHALB) will transfer its stock listing to the NYSE from Nasdaq, effective December 19, 2022. Along with this transfer, the company will change its name to U-Haul Holding Company. The decision, approved by an Independent Special Committee, aims to enhance stock visibility and marketability.

The Voting Common Stock 'UHAL' and Non-Voting Common Stock 'UHALB' will trade on the NYSE under the same symbols. Additionally, a dividend policy of $0.04 per share for 'UHALB' has been announced, while 'UHAL' currently has no regular dividend.