U-Haul Holding Company Stock Price, News & Analysis

U-Haul has opened a new self-storage facility in Nashua, N.H., featuring 110 climate-controlled units. Acquired in May 2019, the property also offers truck rentals, portable storage options, and a retail showroom. Planned expansions will add 600 more units, bringing the total to over 700. U-Haul's commitment to the community includes local hiring, with a focus on veterans. The company has maintained operations throughout the COVID-19 pandemic while implementing safety protocols. U-Haul continues to support essential services and the local economy.

AMERCO (Nasdaq: UHAL) reported a significant increase in net earnings for Q2 FY2021, reaching $266.4 million or $13.58 per share, compared to $156.3 million or $7.97 per share in Q2 FY2020. Self-moving equipment rental revenues surged by 16%, while self-storage revenues rose by 10%. The company also experienced a 35% increase in sales of moving and storage products. Cash and credit availability in the Moving and Storage segment improved to $1.29 billion. Despite these gains, AMERCO anticipates a lengthy period to normalize rental equipment investments.

U-Haul is providing 30 days of free self-storage for residents in Alabama, Georgia, and Mississippi affected by Tropical Storm Zeta. This initiative involves 50 self-storage facilities across these states. U-Haul aims to assist those impacted by the storm, which caused significant damage and power outages. The company previously offered similar support in southern Louisiana. U-Haul prides itself on being an official American Red Cross Disaster Responder and continues to serve its communities during challenging times.

U-Haul Company of Northern Louisiana is running a food drive until Nov. 18, benefiting the Food Bank of Northwest Louisiana. Donors of three non-perishable food items at Shreveport facilities will receive one month's free use of a storage unit. This initiative, supported by the Caddo Sheriff's Office, aims to assist community members affected by COVID-19. Last year's drive collected nearly 1,000 pounds of food. The promotion reflects U-Haul's commitment to local community support during challenging times.

AMERCO (Nasdaq: UHAL), parent company of U-Haul International, plans to report its second quarter fiscal 2021 financial results after the market closes on November 4, 2020. An investor conference call and webcast is scheduled for November 5, 2020, at 8 a.m. Arizona Time (10 a.m. ET). The call will be archived for a year for those unable to attend live. U-Haul, founded in 1945, is a leader in the do-it-yourself moving and self-storage industry, operating over 22,000 locations across the U.S. and Canada.

U-Haul of Cooks Corner in Brunswick, Maine, closed permanently on Sept. 30, 2020, after serving the community for 34 years. Although operations ceased, U-Haul plans to retain ownership of the property and lease it to a new tenant. Customers can access U-Haul services within two miles at U-Haul Moving & Storage of Arrow Hart. This relocation aligns with the company's sustainability initiatives, promoting the reuse of existing buildings to reduce environmental footprints. The closure resulted in the loss of three team members.

U-Haul has purchased its first million gallons of renewable propane, now available to customers in Southern California. This initiative, in partnership with Suburban Propane Partners, aims to provide eco-friendly fuel to enhance sustainability. U-Haul is absorbing the premium cost, allowing customers to enjoy carbon-neutral benefits at no extra charge. The initiative is expected to eliminate 5 million tonnes of greenhouse gases, with renewable propane derived from sustainable sources offering lower carbon intensity than traditional fuels. U-Haul continues its commitment to sustainability through various initiatives.

U-Haul at Gordon Highway in Augusta permanently closed on Sept. 30, ending 43 years of service. Although the location ceased operations, U-Haul will retain ownership and lease the property to a new tenant. Customers can access U-Haul products less than a mile away at a newly acquired facility formerly a Kmart, which supports U-Haul's sustainability initiatives. The closure, driven by strategic business decisions, resulted in the layoff of four employees. U-Haul remains operational during the COVID-19 pandemic, ensuring safety protocols are followed for customers and employees.