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.
Humble Design, a non-profit organization, is celebrating serving its 2,000th client who is transitioning out of homelessness. Scheduled for Aug. 27, the event will showcase the transformation of a veteran's empty residence into a welcoming home. Operating in cities like Chicago, Cleveland, Detroit, San Diego, and Seattle, the organization has significantly increased its impact in recent years, with a 99% success rate in helping families escape homelessness. U-Haul, a partner since 2016, is sponsoring this milestone event.
AMERCO (Nasdaq: UHAL) announced a special cash dividend of $0.50 per share on August 19, 2021. This dividend will be payable on September 21, 2021, to shareholders on record as of September 7, 2021. As the parent company of U-Haul International and other subsidiaries, AMERCO supports a business model that benefits both customers and the environment. U-Haul, a leader in the shared use business, operates over 23,000 locations and has a significant fleet and storage capacity in North America.
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AMERCO (Nasdaq: UHAL) will host its fifteenth annual virtual analyst and investor meeting on August 19, 2021, at 11 a.m. Arizona time. This meeting aims to facilitate interaction between investors and company representatives, as stated by chairman Joe Shoen. The virtual format is designed to conserve shareholder resources and aligns with U-Haul's sustainability initiatives. Participants can join via www.amerco.com. U-Haul, under AMERCO, operates over 23,000 locations in North America, with a fleet of approximately 176,000 trucks.
The U-Haul of Historical Milford has permanently closed after 44 years of operation. The 0.9-acre property will remain owned by U-Haul, which plans to lease the 6,556-square-foot building to a new tenant. Customers can access self-move services just three miles away at U-Haul Moving & Storage at Milford Parkway, which will introduce indoor climate-controlled storage options. The closure affected seven employees, and U-Haul continues its commitment to serving communities during the COVID-19 recovery with extensive safety measures.
AMERCO (Nasdaq: UHAL) reported a substantial increase in net earnings for Q1 fiscal 2022, reaching $345.2 million ($17.60 per share) compared to $87.7 million ($4.47 per share) last year. Key growth drivers included a 58.2% rise in self-moving equipment rental revenues, totaling $381.1 million, along with a 26.1% increase in self-storage revenues. Gross capital expenditures surged to approximately $304 million, while cash availability in the Moving and Storage segment improved to $1.54 billion. Operating earnings in this segment rose significantly by $331.3 million year-over-year.
AMERCO (Nasdaq: UHAL) announced an upgrade of the Financial Strength Rating to A (Excellent) and the Issuer Credit Rating of 'a' (Excellent) for its subsidiary, Oxford Life Insurance Company, by A.M. Best. This upgrade signifies the strong credit quality and business profile of Oxford Life. Mark A. Haydukovich, President of Oxford Life, attributed this success to their focus on affordable insurance solutions and maintaining fiscal discipline. Oxford Life aims to meet the needs of the growing senior market through innovative initiatives and distribution enhancements.
AMERCO (Nasdaq: UHAL) will report its first quarter fiscal 2022 financial results on August 4, 2021, after market close. An investor conference call will follow on August 5, 2021, at 8 a.m. Arizona Time (11 a.m. ET).
U-Haul, a subsidiary of AMERCO, operates the largest network of moving and storage centers, boasting over 23,000 locations, with a fleet that includes approximately 176,000 trucks and 812,000 storage units across North America.
U-Haul is organizing the North Texas Vehicle Adventure event on July 24 from 10 a.m. to 3 p.m. at U-Haul Moving & Storage of North Plano. The event aims to educate the community about trucks and trailers, featuring vehicles from U-Haul, local fire, police, and school district services. Families can explore vehicles, enjoy food from local vendors, and learn safe towing practices. U-Haul highlights its commitment to safety and community engagement, especially during COVID-19 recovery with enhanced sanitation measures.
U-Haul is offering free safety inspections on propane cylinders at over 1,100 locations ahead of Independence Day celebrations. Propane sales typically increase around this holiday, prompting U-Haul to encourage customers to take advantage of these inspections to ensure safe BBQ gatherings. Each propane cylinder is qualified for 12 years, with inspections helping to verify their safety. Customers may either requalify their tanks or purchase new ones. U-Haul emphasizes safety and sustainability, reflecting on the rising demand for propane during the COVID-19 pandemic.