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U-Haul Holding Company - $UHAL STOCK NEWS

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.

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U-Haul has acquired a 6.88-acre property at 19600 S. Harlem Ave. in Frankfort, Illinois, to meet the moving and self-storage needs of Will County. The location will be the first U-Haul-operated center in Frankfort and is strategically situated near Interstates 80 and 57. The new facility will include a three-story, 94,764-square-foot building with 937 indoor climate-controlled self-storage rooms and high-tech security features. The facility will also offer truck and trailer sharing, moving supplies, propane, and green initiatives. Services will start in August. U-Haul plans to hire up to 10 local team members, with a preference for veterans.

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Ridgefield, the birthplace of U-Haul, will soon house its own U-Haul store, set for a grand opening in 2026. The new facility, U-Haul Moving & Storage of Ridgefield, will feature 850 indoor climate-controlled storage units on a 5.75-acre lot at 17601 NE Union Road. The property was purchased on May 24, 2024. This 94,764-square-foot, three-story center will also offer moving trucks, trailers, towing equipment, and much more. U-Haul plans to hire up to 20 local team members, contributing to job growth in the community. This development enhances U-Haul's service offerings in southern Washington, addressing a previously unmet need in Ridgefield.

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U-Haul has announced plans to build a new facility at 6303 Calumet Ave., Hammond, Indiana, expected to be completed by summer 2026. The new center will be just a third of a mile from its existing location at 822 165th St. The project, intended to meet the growing community needs, will feature a three-story building with a modern retail showroom and 676 climate-controlled storage units. Acquired on May 26, the 2.7-acre property will also offer truck and trailer sharing, U-Box portable storage, towing equipment, propane, and moving supplies. U-Haul aims to hire locally, promoting job growth and offering veterans hiring preference. The company emphasizes sustainability through its shared-use model and adaptive reuse initiatives.

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U-Haul Holding Company (NYSE: UHAL, UHAL.B) declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock (NYSE: UHAL.B).

The dividend is payable on June 28, 2024, to shareholders of record on June 17, 2024.

This marks the seventh dividend issued under the company's policy announced in October 2022.

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U-Haul Holding Company (NYSE: UHAL, UHAL.B), the largest do-it-yourself moving and self-storage company in North America, will participate in the 2024 Wolfe Research Small and Mid-Cap Conference on June 6, 2024. The company’s management team will hold meetings with institutional investors and present an updated investor presentation.

The presentation is accessible on the company's investor relations website.

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U-Haul announces plans for its first retail, moving, and self-storage center in Clarkdale, Arizona, expected to be completed by summer 2026. The 9.18-acre site, acquired on May 24, will feature a three-story building with over 700 climate-controlled storage units, a spacious retail showroom, and various moving services. U-Haul aims to hire up to 14 local employees, including veterans, to staff the new facility. The new store will support U-Haul's sustainability initiatives through shared-use business models and eco-friendly practices. Until the store opens, customers can use the nearby U-Haul location in Cottonwood.

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U-Haul has acquired 11.23 acres at 16963 Douglas Road in Mishawaka, Indiana, to build a new retail, moving, and self-storage facility named U-Haul Moving & Storage of University Park.

Scheduled to open by summer 2026, the facility will offer 967 climate-controlled storage units and various services, including truck and trailer rentals, moving supplies, and professional hitch installation.

Located 1.3 miles from the University of Notre Dame, it aims to serve students and staff. U-Haul plans to hire up to 17 local employees and will emphasize veteran recruitment.

This new location will be U-Haul's fourth self-storage property in Mishawaka and continues their environmental initiatives through shared-use business models and sustainable practices.

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U-Haul Holding Company (NYSE: UHAL, UHAL.B) reported fiscal 2024 net earnings of $628.7 million, down from $924.5 million last year. The company faced a net loss of $0.9 million in Q4 2024 compared to net earnings of $37.4 million in Q4 2023.

Self-moving equipment rental revenues decreased by $10 million in Q4 and $253.2 million for the full year. Self-storage revenues increased by $17.5 million in Q4 and $86.6 million for the full year. Occupied units rose by 6% in Q4, despite a 1.4% drop in occupancy rates. Depreciation costs increased by $11.6 million for rental equipment and $12.3 million for buildings in Q4. Net gains from rental equipment sales decreased by $32 million in Q4.

Maintenance costs decreased by $11 million in Q4 but rose by $33 million for the year. Operating costs rose by $21.3 million in Q4 and $66.7 million annually, influenced by personnel costs. Capital expenditures were $1,619 million for fiscal 2024, with a projected increase for 2025. Real estate spending decreased by $83 million. Cash and credit availability fell from $2,499.2 million to $1,886.3 million. A $0.05 dividend per share of Non-Voting Common Stock was declared on March 6, 2024.

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U-Haul is offering 30 days of free self-storage and U-Box container usage to victims of tornadoes that devastated Rogers and Bentonville, Arkansas; Claremore and Pryor, Oklahoma; and Valley View, Texas. The assistance includes access to dry and secure storage rooms and portable storage containers. This offer is available at eight U-Haul facilities across the three states. U-Haul emphasizes its commitment to community support, particularly in times of natural disaster, and collaborates with the American Red Cross as an official Disaster Responder. Affected residents can contact their nearest participating U-Haul facility for more information.

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U-Haul announced plans for a new, state-of-the-art retail, moving, and self-storage facility in North Buford, GA, set to be completed by spring 2026. The facility will feature over 800 climate-controlled storage units, truck and trailer sharing, and various moving supplies. The project, which will create 30 jobs, highlights U-Haul’s commitment to sustainability with eco-friendly initiatives such as Adaptive Reuse and U-Box Load Share. U-Haul aims to support local job growth and continues to be recognized as a top employer for veterans.

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FAQ

What services does U-Haul provide?

U-Haul offers truck and trailer rentals, self-storage units, moving boxes, packing supplies, LPG refills, trailer hitch and wiring installation, and storage container rentals.

How many rental locations does U-Haul have?

U-Haul has over 23,000 rental locations across all 50 states and 10 Canadian provinces.

What are the key segments of U-Haul's operations?

U-Haul operates through three key segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance.

How significant is U-Haul in the self-storage market?

U-Haul is the third-largest self-storage operator in North America, managing 967,000 rentable units and 83.3 million square feet of self-storage space.

What sustainability initiatives does U-Haul promote?

U-Haul promotes sustainability through its Adaptive Reuse program, fuel-efficient truck modifications, recyclable Ready-To-Go Boxes, and the U-Box Load Share program.

How does U-Haul support veterans?

U-Haul is recognized as a Best for Vets employer and actively recruits veterans, giving them preference in the hiring process.

How can customers access U-Haul services?

Customers can use the enhanced U-Haul app to reserve equipment and manage rentals through self-dispatch and self-return options on their smartphones.

What recent projects has U-Haul announced?

U-Haul announced new retail, moving, and self-storage centers in Junction City, Kansas, Lake Ozark, Missouri, and acquired properties in Webster, New York, and Decatur, Alabama.

How does U-Haul promote job growth in local communities?

U-Haul plans to hire locally for new projects to promote job growth in local communities.

What is the U-Haul shared-use business model?

U-Haul's shared-use business model allows communities to share moving equipment, reducing the need for large-capacity vehicle ownership.

U-Haul Holding Company

NYSE:UHAL

UHAL Rankings

UHAL Stock Data

12.21B
107.71M
60.89%
36.86%
0.96%
General Freight Trucking, Local
Transportation and Warehousing
Link
United States of America
RENO

About UHAL

AMERCO operates as a holding company. The Company, through its subsidiaries, offers rental of trucks, trailers, and self storage space, as well as provides property and casualty and life insurance products. AMERCO also sells boxes, tapes, and other moving and self-storage products and services to do-it-yourself moving and storage customers.