U-Haul 8/9/2023 Earnings Report

U-Haul EPS Results

• Actual EPS: $1.27
• Consensus EPS: $1.43
• Beat/Miss: Missed by -$0.16
• One Year Ago EPS: N/A

U-Haul Revenue Results

• Actual Revenue: $1.54 billion
• Expected Revenue: $1.58 billion
• Beat/Miss: Missed by -$38.30 million
• YoY Revenue Growth: N/A

U-Haul Announcement Details

• Date: 8/9/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

U-Haul (NASDAQ:UHAL) (NASDAQ: UHAL) is a leading provider of DIY moving and storage solutions across North America. Founded in 1945 by Leonard Shoen in Ridgefield, Washington, the company revolutionized the moving industry with one-way truck rentals that allow customers to pick up a vehicle at one location and return it to another. Today, U-Haul’s core business activities include the rental of trucks, trailers, towing equipment and moving supplies such as boxes, packing materials and dollies.

In addition to its fleet of rental trucks ranging in size from cargo vans to 26-foot moving vans, U-Haul operates an extensive network of neighborhood dealers, corporate rental centers and independent service providers. This network spans all 50 U.S. states, six Canadian provinces and parts of Alaska, enabling seamless cross-border moves. The company also maintains a nationwide reservation and dispatching system that supports both local and long-distance moving customers.

Complementing its vehicle rentals, U-Haul offers self-storage units under the U-Haul Storage brand, as well as U-Box portable storage containers for flexible load, store and deliver needs. These ancillary services are supported by a digital customer platform that streamlines reservations and account management. U-Haul operates as a subsidiary of AMERCO, with George Muellner serving as Chairman and Chief Executive Officer, guiding the company’s strategy toward network expansion, equipment innovation and enhanced customer service.