U-Haul Holding 3Q Profit Falls Despite Increase in Revenue

Dow Jones

Feb 06

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.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2509595257"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2509595257\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2509595257?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-06 06:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2509595257","market":"us","top_or_hot":-1,"title":"U-Haul Holding 3Q Profit Falls Despite Increase in Revenue","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Sabela Ojea \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/UHAL\">U-Haul</a> Holding logged lower profit in its fiscal third quarter, but said revenue rose amid self-moving equipment rental and self-storage growth. \n</p>\n<p>\n  The parent company of <a href=\"https://laohu8.com/S/UHAL.B\">U-Haul</a> 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. \n</p>\n<p>\n  Revenue rose 3.7% to $1.39 billion, beating the $1.35 billion expected by Wall Street. \n</p>\n<p>\n  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. \n</p>\n<p>\n  \"Moving activity increased over the quarter as demand for our products and services ticked up,\" Chief Executive Joe Shoen said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2025 17:18 ET (22:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U-Haul Holding 3Q Profit Falls Despite Increase in Revenue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU-Haul Holding 3Q Profit Falls Despite Increase in Revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-06 06:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Sabela Ojea \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/UHAL\">U-Haul</a> Holding logged lower profit in its fiscal third quarter, but said revenue rose amid self-moving equipment rental and self-storage growth. \n</p>\n<p>\n  The parent company of <a href=\"https://laohu8.com/S/UHAL.B\">U-Haul</a> 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. \n</p>\n<p>\n  Revenue rose 3.7% to $1.39 billion, beating the $1.35 billion expected by Wall Street. \n</p>\n<p>\n  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. \n</p>\n<p>\n  \"Moving activity increased over the quarter as demand for our products and services ticked up,\" Chief Executive Joe Shoen said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2025 17:18 ET (22:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UHAL","symbol_name":"U-Haul","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509595257","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509595257","pubTimestamp":1738793880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"UHAL":"U-Haul"},"translate_title":"尽管收入增加，U-Haul Holding第三季度利润仍下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UHAL":0.9},"content_text":"By Sabela Ojea \n\n\n \n\n\nU-Haul Holding logged lower profit in its fiscal third quarter, but said revenue rose amid self-moving equipment rental and self-storage growth. \n\n\n  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. \n\n\n  Revenue rose 3.7% to $1.39 billion, beating the $1.35 billion expected by Wall Street. \n\n\n  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. \n\n\n  \"Moving activity increased over the quarter as demand for our products and services ticked up,\" Chief Executive Joe Shoen said. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 05, 2025 17:18 ET (22:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}