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.
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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.
U-Haul has acquired the former U-Stor-It self-storage facility located at 3625 W. St. Joseph St., Lansing, as of April 11, 2023. This acquisition expands its services in Lansing, responding to increasing demand for self-storage options. The facility includes 385 drive-up storage units and operates under extended hours, enhancing convenience for customers. This location enhances U-Haul's existing services at its Waverly Road site, thus improving local customer access to clean and secure storage solutions. U-Haul emphasizes an eco-friendly approach by repurposing existing structures rather than new constructions, which aligns with their commitment to community growth and sustainability.
U-Haul is providing 30 days of free self-storage and U-Box container usage to residents of northern Alabama following recent tornadoes that caused significant damage. At least three tornadoes occurred, leading to power outages and structural harm in Florence and nearby areas. Chuck Newell, president of U-Haul of Northern Alabama, emphasized the company's commitment to support those displaced by these storms. The disaster relief includes secure storage options for belongings and is contingent on availability at local U-Haul facilities. This initiative underscores U-Haul's role as an American Red Cross Disaster Responder.
U-Haul® has announced Kristine Campbell as the new General Counsel, effective May 12. She will succeed Larry De Respino, who is retiring after 18 years in this position. Campbell has been with U-Haul since 2011, previously serving as Assistant General Counsel for nine years and as Director of Litigation since 2020. CEO Joe Shoen expressed confidence in Campbell's ability to lead U-Haul's legal team and continue building on previous successes. U-Haul has been an industry leader in moving and self-storage for 78 years, with a network of over 23,000 locations and a robust fleet of approximately 186,000 trucks.
U-Haul's U-Box portable containers have been named 'Best Overall' in BobVila.com's Best Moving Container Companies of 2023. This recognition, given to U-Haul, emphasizes its reputation as a top choice for moving solutions. With 257 cubic feet of storage and a one-ton capacity, U-Box meets diverse customer needs. U-Haul continues to provide flexible, affordable services with competitive rates, no cancellation fees, and guaranteed delivery dates. The company boasts over 23,000 locations in North America, supporting both local and international moves.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) announced on March 3, 2023, a quarterly cash dividend of $0.04 per share on its Series N Non-Voting Common Stock. This dividend will be payable on March 27, 2023, to shareholders on record as of March 14, 2023. This marks the second dividend under the company’s policy initiated on October 25, 2022, indicating a commitment to regular dividends starting from the third quarter of fiscal 2023. U-Haul has established itself as a leading provider of moving and storage solutions across North America, boasting more than 23,000 locations and a vast fleet of rental equipment.
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.