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.
The Shoen family of U-Haul has funded an elevator for the historic Ford Island Control Tower at Pearl Harbor, which opens to the public on Memorial Day. This restoration project, costing over $7 million, allows visitors access to a panoramic view of America's WWII aviation battlefield from the observation deck. The opening honors those who died during the December 7, 1941 attack. Joe Shoen will lead a dedication ceremony, celebrating veterans and the tower's significance in preserving history.
AMERCO (Nasdaq: UHAL) reported a significant increase in net earnings for the fiscal year ended March 31, 2022, totaling $1,123.3 million, or $57.29 per share, up from $610.9 million, or $31.15 per share last year. For Q4, net earnings were $86.7 million, or $4.42 per share, compared to $73.8 million, or $3.76 per share last year. Revenue from self-moving equipment rentals rose 12% in Q4 and 28% for the year, while self-storage revenues increased 28% in Q4 and 29% for the year. However, operating costs rose significantly due to inflation and rising maintenance expenses.
U-Haul has announced the acquisition of nearly five acres of land in Cartersville, Georgia, to develop a new self-storage facility. Scheduled for completion in May 2024, the multi-story building will offer over 90,000 square feet, including at least 700 ADA-accessible storage rooms equipped with advanced security features. The facility aims to meet the growing demand for secure storage options in the area, as the nearest full-service U-Haul is located 27 miles away. This development is expected to enhance local job growth and expand U-Haul's operations in Georgia.
U-Haul has acquired an 8.48-acre property in Tyler, Texas, to expand its operations by adding a U-Box portable storage container warehouse. The acquisition of the 89,860-square-foot site, formerly a Walmart anchor, was completed on May 11, 2022. This expansion aims to meet increasing demand for U-Haul's moving and storage products, particularly from local students. The facility will enhance service capacity and create new job opportunities in the region. The initiative aligns with U-Haul's Corporate Sustainability goals, promoting infill developments and reducing carbon footprints.
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U-Haul Moving & Storage of Castleton in Indianapolis has acquired a 3.12-acre property to expand operations by building a new U-Box® portable storage container warehouse measuring over 80,000 square feet. This expansion addresses the growing demand for U-Box containers in the area, as noted by company president Mike Eastwood. U-Haul has been active in the region since 1987 and plans to hire locally, promoting job growth. The company emphasizes flexibility in storage solutions and continues to support small businesses through its dealer partnerships.
AMERCO (Nasdaq: UHAL), parent company of U-Haul, will announce its fourth quarter fiscal 2022 financial results on May 25, 2022, after market close. An investor conference call is set for May 26, 2022, at 8 a.m. Arizona Time, accessible via a webcast. Founded in 1945, U-Haul operates over 23,000 locations in North America and boasts a fleet of approximately 176,000 trucks and 855,000 storage units. U-Haul is recognized as a leading employer and a significant player in the shared-use sector.
U-Haul will create over 750 indoor climate-controlled self-storage rooms at a former Kmart site in Morton, Illinois. This adaptive reuse project, driven by sustainability initiatives, aims to meet rising customer demand while utilizing existing structures to mitigate environmental impact. The facility will feature individually alarmed units with high-tech security, extended access hours, and a covered unloading area. U-Haul plans to be operational by the end of 2022, fostering job growth by hiring at least 15 local employees. This marks the first U-Haul facility in Morton.
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U-Haul has expanded its Collegeboxes program to assist students at over 350 schools nationwide, just in time for move-out day. To celebrate, they are offering a 10% discount on summer storage services through the use of code MOVEOUT until June 30. The redesigned website enhances user experience with improved navigation and valuable tips for students and parents. Collegeboxes provides full-service moving options, including pickup, storage, and shipping, ensuring a stress-free experience for students during busy transition periods.