By Sabela Ojea
U-Haul Holding logged lower profit in its fiscal third quarter, but said revenue rose amid self-moving equipment rental and self-storage growth.
The parent company of U-Haul International, Oxford Life Insurance Company, Repwest Insurance and Amerco Real Estate, on Wednesday posted a net profit for the three months ended Dec. 31 of $67.2 million, or 30 cents a share, compared with $99.2 million, or 46 cents a share, for the same period a year earlier. Analysts polled by FactSet had forecast earnings of 35 cents.
Revenue rose 3.7% to $1.39 billion, beating the $1.35 billion expected by Wall Street.
The company said that self-moving equipment rental revenue rose to $878.6 million from $839.8 million a year ago, with self-storage revenue rising to $227.1 million from $210.5 million.
"Moving activity increased over the quarter as demand for our products and services ticked up," Chief Executive Joe Shoen said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 05, 2025 17:18 ET (22:18 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。