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

Dow Jones
02/06
 

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.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10