NASDAQ$UHAL
U-Haul Holding Co · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
U-Haul reported a net loss for Q4 2024, with self-storage revenues increasing but offset by declines in self-moving equipment rentals and increased operating costs.
U-Haul Holding Company reported a net loss of $0.9 million for the quarter ended March 31, 2024, compared to a net income of $37.4 million for the same period last year. Self-storage revenues increased by 9%, while self-moving equipment rental revenues decreased by 1%. The company is focused on self-storage expansion and managing pricing pressures.
- Net losses available to shareholders were ($0.9) million, a decrease compared to net earnings of $37.4 million in the same quarter last year.
- Self-moving equipment rental revenues decreased by 1% in Q4 2024.
- Self-storage revenues increased by 9% in Q4 2024.
- Occupancy across the entire self-storage portfolio decreased 1.4% to 79.8%.
Headline financials
Revenue & EPS history
U-Haul · Revenue · Quarterly
$1.18B
Revenue by segment
U-Haul · $1.65B total across 8 segments · Q2 2024
- Self-moving equipment rentals$1.07B—64.8%
- Self-storage$209M—12.7%
- Other revenue$158M—9.6%
- Self-moving & self-storage products$91.6M—5.6%
- Net investment & interest income$64.7M—3.9%
- Property & casualty insurance premiums$25.6M—1.5%
- Life insurance premiums$22.5M—1.4%
- Property management fees$9.27M—0.6%
Forward guidance
U-Haul anticipates increased capital expenditures for the rental fleet in fiscal 2025, depending upon manufacturer availability. The company is focused on self-storage expansion and managing pricing pressures.
Tailwinds
- Capital expenditures for the rental fleet are expected to increase in fiscal 2025.
- Company is focused on self-storage expansion.
- Team in place is solid and focused.
- March monthly revenue slightly better than the same period last year.
- Improved rotation of new trucks into the fleet and older trucks out of the fleet.
Headwinds
- Still a bit shy of where I expected to be on One-way moving transactions.
- Rate cutting across many markets could erode our so far firm self-storage pricing.
- Net losses from the disposal or retirement of land and buildings increased $2.0 million for the quarter.
- Personnel costs accounted for an $8.8 million increase for the quarter.
- Occupancy across the entire portfolio decreased 1.4% to 79.8% from the fourth quarter of last year to this year.
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 2024
+0.7%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-0.1%
Avg return
30 days after
50%
32 / 64 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 | +10.2% | +6.7% | — | |
| 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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