AMERCO ( (UHAL) ) has released its Q2 earnings. Here is a breakdown of the information AMERCO presented to its investors.
U-Haul Holding Company, a leader in the shared-use industry, operates U-Haul International and other subsidiaries, providing moving and storage solutions across North America. In its latest earnings report for the second quarter of fiscal 2025, U-Haul Holding Company announced a decline in net earnings available to common shareholders to $186.8 million from $273.5 million in the same period last year. Earnings per share for non-voting shares also decreased from $1.40 to $0.96. The company’s self-storage and self-moving equipment rental revenues saw an increase, with self-storage revenues rising by 7.5% and self-moving equipment rental revenues by 1.7%, compared to the previous year. However, the operating earnings from the moving and storage segment dropped significantly, mainly due to increased depreciation expenses and reduced gains from equipment disposals. Despite the challenges, U-Haul Holding Company continues to focus on enhancing its customer experience and expanding its self-storage offerings. Looking ahead, the company remains committed to refining its strategies to better serve its customers, while managing growth in its self-storage and U-Box product lines.
