Latest news with #UHAL
Yahoo
5 days ago
- Business
- Yahoo
U-Haul Holding Co (UHAL) Q4 2025 Earnings Call Highlights: Navigating Losses and Strategic Growth
Fourth Quarter Loss: $82.3 million compared to a loss of $863,000 in the same quarter last year. Full Year Earnings: $367.1 million, down from $628.7 million in fiscal 2024. Earnings Per Share (EPS): Fourth quarter loss of $0.41 per share compared to less than $0.01 loss in the previous year. EBITDA (Moving and Storage Segment): Increased by $5.6 million to $217.3 million for the quarter. Full Year EBITDA: Increased by just under $52 million to $1.619 billion. Equipment Rental Revenue: Fourth quarter increase of $29 million, or just over 4%. Full Year Equipment Rental Revenue: Increased by just over $100 million, about 2.8%. Capital Expenditures for New Rental Equipment: $1.863 billion, a $244 million increase compared to fiscal 2024. Proceeds from Sales of Retired Rental Equipment: Declined by $76 million to $652 million. Self-Storage Revenue: Up $18 million, 8% for the quarter; full year up 8% or just under $67 million. Average Revenue Per Occupied Foot: Improved by approximately 1.6%; same-store up 3%. Occupied Unit Count: Increased by over 39,000 units compared to the same time last year. New Storage Locations Added: 82 new locations, 6.5 million new net rentable square feet across 71,000 new rooms. Average Occupancy Ratio: Declined about 2.5% to just over 77%; same-store decreased by 50 basis points to 91.9%. Real Estate Investments: $1.507 billion in fiscal 2025, a $249 million increase over the previous year. U-Box Revenue: Increased by just under $14 million, with U-Box as a primary contributor. Operating Expenses (Moving and Storage): Increased by $53.6 million. Cash and Availability (Moving and Storage Segment): Totaling $1.348 billion as of the end of March. Warning! GuruFocus has detected 4 Warning Signs with UHAL. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. U-Haul Holding Co (NYSE:UHAL) reported a 4% increase in equipment rental revenue for the fourth quarter, with a $29 million rise. The Moving and Storage segment's EBITDA increased by $5.6 million for the quarter, reaching $217.3 million. Self-storage revenues grew by 8% for the quarter, with a 12-month increase of just under $67 million. U-Box revenue saw significant growth, with moving transactions and related storage transactions both increasing by over 20%. The company added 82 new storage locations, totaling 6.5 million new net rentable square feet across 71,000 new rooms during fiscal year 2025. U-Haul Holding Co (NYSE:UHAL) reported a fourth-quarter loss of $82.3 million, a significant increase from the $863,000 loss in the same quarter last year. Full-year fiscal 2025 earnings were $367.1 million, down from $628.7 million in fiscal 2024. The company experienced a decline in interest income at the Moving and Storage segment due to reduced short-term cash balances. Proceeds from the sales of retired rental equipment declined by $76 million, attributed to fewer pickups and cargo vans sold. Average occupancy ratio across all owned locations declined by about 2.5% to just over 77% during the fourth quarter. Q: Can you provide an outlook for U-Haul's top-line growth given the current market conditions? A: Edward Shoen, Chairman of the Board, President, noted that the business is seeing signs of consumer optimism, which is translating into increased business activity. He expects modest growth, with customers showing a willingness to accept rate increases when the company executes with precision. Q: What factors contributed to the significant increase in U-Box growth, and is this growth sustainable? A: Jason Berg, CFO, explained that U-Box moving transactions are growing faster than storage transactions, both in the plus-20% range. Edward Shoen added that the U-Box market is vast and less explored, suggesting a higher growth rate than the truck share operation for many years to come. Q: How is U-Haul addressing the depreciation and fleet acquisition challenges? A: Edward Shoen acknowledged that equipment depreciation is a real cost but should align with revenue over a three to five-year cycle. He noted that the cost of acquiring equipment exceeded projections due to automakers' pricing strategies, but he expects normalization as automakers refocus on their core competencies. Q: What is the company's strategy regarding real estate investments and storage capacity expansion? A: Edward Shoen mentioned that U-Haul has added significant U-Box capacity across North America and is now focused on leveraging these assets. Jason Berg noted that construction costs have been gradually decreasing, allowing for more strategic investments in storage and U-Box warehouse development. Q: Is there a disconnect in the valuation of U-Haul's self-storage portfolio compared to market norms, and how is the company addressing it? A: Jason Berg acknowledged a potential disconnect and stated that U-Haul is providing more detailed information to help investors better value the company. The goal is to communicate the company's worth more effectively to close the valuation gap. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
6 days ago
- Business
- Yahoo
U-Haul (NYSE:UHAL) Beats Q1 Sales Targets
Moving and storage solutions provider U-Haul (NYSE:UHAL) beat Wall Street's revenue expectations in Q1 CY2025, with sales up 12.5% year on year to $1.23 billion. Its GAAP loss of $0.41 per share was significantly below analysts' consensus estimates. Is now the time to buy U-Haul? Find out in our full research report. Revenue: $1.23 billion vs analyst estimates of $1.16 billion (12.5% year-on-year growth, 6.7% beat) EPS (GAAP): -$0.41 vs analyst estimates of -$0.17 (significant miss) Operating Margin: -3.5%, in line with the same quarter last year Market Capitalization: $10.96 billion 'We are seeing the high prices we paid for fleet replacements over the last thirty months impact the income statement. Reduced gains on the sale of rental equipment and increased fleet depreciation expense decreased earnings by nearly $260 million for the year compared to fiscal 2024. We have increased depreciation further to recognize this expense in the current period,' stated Joe Shoen, chairman of U-Haul Holding Company. Founded by a husband and wife duo, U-Haul (NYSE:UHAL) is a provider of rental trucks and storage facilities. Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Over the last five years, U-Haul grew its sales at a decent 7.9% compounded annual growth rate. Its growth was slightly above the average industrials company and shows its offerings resonate with customers. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. U-Haul's recent performance shows its demand has slowed as its revenue was flat over the last two years. We also note many other Ground Transportation businesses have faced declining sales because of cyclical headwinds. While U-Haul's growth wasn't the best, it did do better than its peers. This quarter, U-Haul reported year-on-year revenue growth of 12.5%, and its $1.23 billion of revenue exceeded Wall Street's estimates by 6.7%. We also like to judge companies based on their projected revenue growth, but not enough Wall Street analysts cover the company for it to have reliable consensus estimates. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. U-Haul has been a well-oiled machine over the last five years. It demonstrated elite profitability for an industrials business, boasting an average operating margin of 20.9%. This result isn't too surprising as its gross margin gives it a favorable starting point. Looking at the trend in its profitability, U-Haul's operating margin decreased by 8.8 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. In Q1, U-Haul generated an operating profit margin of negative 3.5%, in line with the same quarter last year. This indicates the company's cost structure has recently been stable. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Sadly for U-Haul, its EPS declined by 4.9% annually over the last five years while its revenue grew by 7.9%. This tells us the company became less profitable on a per-share basis as it expanded due to non-fundamental factors such as interest expenses and taxes. We can take a deeper look into U-Haul's earnings to better understand the drivers of its performance. As we mentioned earlier, U-Haul's operating margin was flat this quarter but declined by 8.8 percentage points over the last five years. This was the most relevant factor (aside from the revenue impact) behind its lower earnings; taxes and interest expenses can also affect EPS but don't tell us as much about a company's fundamentals. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For U-Haul, its two-year annual EPS declines of 38.7% show it's continued to underperform. These results were bad no matter how you slice the data. In Q1, U-Haul reported EPS at negative $0.41, down from negative $0.05 in the same quarter last year. This print missed analysts' estimates. Over the next 12 months, Wall Street expects U-Haul's full-year EPS of $1.75 to grow 101%. We were impressed by how significantly U-Haul blew past analysts' revenue expectations this quarter. On the other hand, its EPS missed. Overall, this was a weaker quarter. The stock remained flat at $62.25 immediately after reporting. Is U-Haul an attractive investment opportunity at the current price? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
U-Haul Holding Company: Fiscal Q4 Earnings Snapshot
RENO, Nev. (AP) — RENO, Nev. (AP) — U-Haul Holding Company (UHAL) on Wednesday reported a loss of $82.3 million in its fiscal fourth quarter. On a per-share basis, the Reno, Nevada-based company said it had a loss of 46 cents. The parent company of the U-Haul vehicle rental service posted revenue of $1.23 billion in the period. For the year, the company reported profit of $367.1 million, or $1.69 per share. Revenue was reported as $5.83 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on UHAL at Sign in to access your portfolio
San Francisco Chronicle
6 days ago
- Business
- San Francisco Chronicle
U-Haul Holding Company: Fiscal Q4 Earnings Snapshot
RENO, Nev. (AP) — RENO, Nev. (AP) — U-Haul Holding Company (UHAL) on Wednesday reported a loss of $82.3 million in its fiscal fourth quarter. On a per-share basis, the Reno, Nevada-based company said it had a loss of 46 cents. The parent company of the U-Haul vehicle rental service posted revenue of $1.23 billion in the period. For the year, the company reported profit of $367.1 million, or $1.69 per share. Revenue was reported as $5.83 billion. _____
Yahoo
6 days ago
- Business
- Yahoo
U-Haul Holding Company: Fiscal Q4 Earnings Snapshot
RENO, Nev. (AP) — RENO, Nev. (AP) — U-Haul Holding Company (UHAL) on Wednesday reported a loss of $82.3 million in its fiscal fourth quarter. On a per-share basis, the Reno, Nevada-based company said it had a loss of 46 cents. The parent company of the U-Haul vehicle rental service posted revenue of $1.23 billion in the period. For the year, the company reported profit of $367.1 million, or $1.69 per share. Revenue was reported as $5.83 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on UHAL at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
