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RENO, Nev. - On Thursday, U-Haul Holding Company (NYSE:UHAL), parent of U-Haul International, reported a wider fourth-quarter loss but beat revenue expectations, as the company continues to grapple with higher fleet costs.
The company’s stock was up 1.09% in pre-market trading following the release.
The moving and storage company posted a net loss of $82.3 million, or $0.41 per share, for the quarter ended March 31, 2025, compared to a loss of $0.9 million, or $0.00 per share, in the same period last year. The loss was wider than analyst estimates of $0.22 per share.
Revenue rose 4.6% YoY to $1.23 billion, surpassing the consensus estimate of $1.14 billion. The company’s stock edged up 1.09% following the results.
Self-moving equipment rental revenues, U-Haul’s largest segment, increased 4.1% to $745.3 million. Self-storage revenues grew 8.4% to $230.5 million.
"We are seeing the high prices we paid for fleet replacements over the last thirty months impact the income statement," said Joe Shoen, chairman of U-Haul Holding Company. "Reduced gains on the sale of rental equipment and increased fleet depreciation expense decreased earnings by nearly $260 million for the year compared to fiscal 2024."
The company said it has increased depreciation further to recognize this expense in the current period. However, Shoen noted that both the truck acquisition and sale market are showing improvement.
For the full fiscal year 2025, U-Haul reported net earnings of $367.1 million, down from $628.7 million in the previous year. Annual revenue increased 3.6% to $5.83 billion.
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