U-Haul Holding Company Reports Increased Q2 2027 Net Earnings and Revenue Growth
U-Haul Holding Company (UHAL) reported strong second-quarter results for fiscal year 2027, highlighted by a significant rise in net earnings to $136.7 million, up from $105.6 million in the prior year period. Self-moving equipment rental revenue grew 3.4% to $1.15 billion, while self-storage revenue saw a 6.4% increase due to an expanded portfolio of owned locations. The company is undergoing a strategic shift in capital allocation, significantly reducing capital expenditures for both its fleet and real estate development pipelines. Management noted that fleet depreciation has reached an inflection point as the age of the fleet stabilizes. Despite rising freight and shipping costs impacting the U-Box product line, transaction trends turned positive in October, marking a recovery from previous periods of negative growth.
Tickers: $UHAL
Topics: capital expenditures earnings EBITDA EPS revenue growth
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