NASDAQ$UHAL
U-Haul Holding Co · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
U-Haul's financial performance for Q4 2023 decreased compared to the same period last year, with net earnings available to shareholders at $37.7 million.
U-Haul Holding Company reported net earnings available to shareholders of $37.7 million for the quarter ended March 31, 2023, a decrease compared to net earnings of $86.7 million for the same period last year. The decrease is attributed to moving activity returning to historic trends and self-storage growth slowing down. Total revenues increased $4.4 million, while total costs and expenses increased $43.9 million.
- Self-moving equipment rental revenues decreased by $42.5 million, or 6%, compared to Q4 2022.
- Self-storage revenues increased by $28.4 million, or 17%, compared to Q4 2022.
- The average number of occupied self-storage units increased by 11%, or 51,600 units.
- Occupancy for all self-storage locations decreased 1.4% to 81.2%.
Headline financials
Revenue & EPS history
U-Haul · Revenue · Quarterly
$1.19B
Revenue by segment
U-Haul · $1.19B total across 8 segments · Q4 2023
- Self-moving equipment rentals$726M-5.5%61.1%
- Self-storage$195M+17.0%16.4%
- Other revenue$77.8M-5.2%6.5%
- Self-moving & self-storage products$76.2M-3.5%6.4%
- Net investment & interest income$60.3M+33.1%5.1%
- Life insurance premiums$23.5M-10.9%2.0%
- Property & casualty insurance premiums$20.7M-4.0%1.7%
- Property management fees$8.58M+2.8%0.7%
Forward guidance
Capital expenditures for the rental fleet, depending upon manufacturer availability, are expected to increase in fiscal 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
+0.6%
Avg return
Earnings day
-1.2%
Avg return
5 days after
-0.1%
Avg return
30 days after
49%
31 / 63 earnings
Positive
+15.9%
Q2 2012
Best reaction
-16.5%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | -14.7% | -14.9% | -15.6% | |
| Q1 2026 | +2.1% | +2.2% | +4.9% | |
| Q4 2025 | +1.9% | +1.8% | -2.2% | |
| Q3 2025 | -0.7% | +0.0% | -1.8% | |
| Q2 2025 | -2.1% | -2.1% | -4.6% | |
| Q1 2025 | +3.8% | +3.6% | +7.3% | |
| Q4 2024 | -2.8% | +0.3% | -3.6% | |
| Q3 2024 | -6.3% | -2.4% | -0.8% | |
| Q2 2024 | -1.0% | -1.6% | +11.1% | |
| Q1 2024 | -1.9% | +1.4% | -0.1% | |
| Q4 2023 | -16.5% | -13.6% | -12.9% | |
| Q3 2023 | -7.7% | -4.3% | -12.4% | |
| Q2 2023 | -1.6% | -4.9% | +21.7% | |
| Q1 2023 | +3.4% | +6.6% | +0.4% | |
| Q4 2022 | -3.6% | -0.6% | -4.6% | |
| Q3 2022 | +0.1% | -3.1% | -2.1% | |
| Q2 2022 | +0.3% | +1.0% | -6.4% | |
| Q1 2022 | +6.4% | +8.1% | +11.0% | |
| Q4 2021 | -0.7% | +0.8% | +0.3% | |
| Q3 2021 | +3.9% | +3.4% | +25.0% | |
| Q2 2021 | +11.5% | +8.4% | +20.9% | |
| Q1 2021 | +5.7% | +9.0% | +12.2% | |
| Q4 2020 | +4.2% | +2.1% | -6.8% | |
| Q3 2020 | -6.8% | -8.7% | -13.1% | |
| Q2 2020 | -7.0% | -8.5% | -14.9% | |
| Q1 2020 | -0.3% | -2.0% | -0.9% | |
| Q4 2019 | -2.8% | -2.9% | -2.8% | |
| Q3 2019 | +5.1% | +2.8% | +1.1% | |
| Q2 2019 | +3.0% | +2.6% | +2.7% | |
| Q1 2019 | -4.4% | -3.2% | -5.5% | |
| Q4 2018 | -8.6% | -5.1% | +0.8% | |
| Q3 2018 | -0.0% | +0.8% | -2.9% | |
| Q2 2018 | -2.3% | -3.9% | +0.3% | |
| Q1 2018 | -7.3% | -3.7% | -1.3% | |
| Q4 2017 | -8.8% | -10.1% | -12.1% | |
| Q3 2017 | -0.1% | +1.9% | +1.2% | |
| Q2 2017 | -2.6% | +2.6% | +14.5% | |
| Q1 2017 | -7.8% | -10.0% | -10.8% | |
| Q4 2016 | -0.6% | -0.8% | -3.1% | |
| Q3 2016 | -5.4% | — | — | |
| Q2 2016 | +0.3% | — | — | |
| Q1 2016 | +2.4% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | +6.6% | — | — | |
| Q2 2015 | +1.9% | — | — | |
| Q1 2015 | -3.1% | — | — | |
| Q4 2014 | +3.5% | — | — | |
| Q3 2014 | +9.8% | — | — | |
| Q2 2014 | +8.0% | — | — | |
| Q1 2014 | +7.8% | — | — | |
| Q4 2013 | -0.1% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | -0.1% | — | — | |
| Q1 2013 | -1.0% | — | — | |
| Q4 2012 | +2.5% | — | — | |
| Q3 2012 | +13.1% | — | — | |
| Q2 2012 | +15.9% | — | — | |
| Q1 2012 | -9.3% | — | — | |
| Q4 2011 | +5.6% | — | — | |
| Q3 2010 | +10.6% | — | — | |
| Q2 2010 | +9.4% | — | — | |
| Q1 2010 | +13.7% | — | — | |
| Q4 2010 | +6.6% | — | — |
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