U-Haul Reports Q4 Revenue of $1.27B
Reports Q4 revenue $1.27B vs. $1.23B last year. "This is the second time in recent years we have had a real loss in this quarter," stated Joe Shoen, Chairman of U-Haul Holding Company. "The issues with loss on disposal of rental equipment are working themselves through. CapEx on rental trucks will likely be down this time next year helping moderate fleet depreciation. Liability cost growth will normalize, continuing to vary with fleet size and growing with inflation. We are pushing a bow wave of costs associated with built but not rented storage units. These are well located and will rent. Construction of additional storage units has been declining for several months, but until we rent more than we add, these costs will remain an increasing drain. We are increasing our dealer locations in both the US and Canada to better serve the customer. Our relations with our customer base remain solid."
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- Disaster Relief Program: U-Haul is providing 30 days of free self-storage and U-Box container use at six facilities in Utah for residents affected by the Iron and Cottonwood Fires, which have burned over 110,000 acres, demonstrating the company's commitment to community support during crises.
- Fire Impact Overview: The Iron Fire has burned more than 40,000 acres while the Cottonwood Fire has exceeded 70,000 acres, leading to mandatory evacuations in several communities; U-Haul's assistance offers essential secure storage solutions to help displaced residents cope with their immediate needs.
- Storage Service Details: The free storage offer applies to new self-storage and U-Box rentals based on availability, ensuring that affected residents can quickly access storage space post-disaster, thereby facilitating their recovery process.
- Long-Term Storage Options: U-Haul has also introduced a 1-Year Price Lock service, guaranteeing customers fixed rental rates for 12 months, which enhances its competitive position in the storage market and meets customer demands for pricing transparency.
- Disaster Relief Program: U-Haul is offering 30 days of free self-storage and U-Box container use at its Flagstaff and Cottonwood locations to assist residents displaced by the Pocket Fire, aiming to support affected communities during emergencies.
- Fire Impact: The Pocket Fire has led to the closure of SR-89A, forcing evacuations in the Oak Creek Canyon area, and U-Haul's free storage service provides essential secure storage solutions to those impacted, alleviating their urgent needs.
- Long-Term Storage Options: In addition to the 30 days of free storage, U-Haul has introduced a 1-Year Price Lock service that guarantees no rental fee increases for 12 months, further enhancing customer storage options and price transparency.
- Community Responsibility: As an official American Red Cross Disaster Responder, U-Haul actively participates in community assistance during disasters, demonstrating its commitment to social responsibility and support for customers in times of crisis.
- Disaster Relief Initiative: U-Haul is providing 30 days of free self-storage and U-Box container use at 84 centers across Louisiana, Mississippi, Alabama, and Florida to assist residents impacted by Tropical Storm Arthur, aiming to support community recovery efforts.
- Flood Impact Assessment: The remnants of Tropical Storm Arthur resulted in rainfall of several inches to feet across coastal areas, causing severe flash flooding and property damage in locations such as New Orleans, Gulfport-Biloxi, and Mobile, making U-Haul's storage solutions vital for affected residents.
- Storage Service Details: The free offer applies to new self-storage and U-Box rentals based on availability at participating locations, ensuring that impacted residents can access dry and secure storage for one month, alleviating their financial burden during recovery.
- Long-Term Storage Options: In addition to the 30 days of free storage, U-Haul has introduced a 1-Year Price Lock service that guarantees no rental price increases for 12 months, further enhancing its competitive position in the North American market.
- Disaster Relief Program: U-Haul is offering 30 days of free self-storage and U-Box container use at six facilities in Spokane County to assist residents affected by the Upriver Fire, ensuring they have a secure place to store their belongings post-disaster.
- Fire Impact Assessment: Reports indicate that the Upriver Fire has burned over 200 acres and damaged or destroyed at least 15 homes, with only 10% containment, and evacuation orders still in effect, highlighting the urgent need for storage solutions in the community.
- Storage Service Details: The free offer applies to new self-storage and U-Box rentals based on availability at participating locations, with U-Haul also providing on-site storage and delivery services to ensure affected residents can easily access the storage they need.
- Long-Term Storage Options: In addition to the 30 days of free storage, U-Haul has introduced a 1-Year Price Lock service available at 2,100 company-owned facilities, ensuring customers' rental rates remain unchanged for 12 months, thereby enhancing customer trust and satisfaction.
- Disaster Relief Program: U-Haul is offering 30 days of free self-storage and U-Box container use at 60 locations in the Chicago area to assist residents impacted by severe weather, aiming to support communities in facing the challenges posed by natural disasters.
- Weather Impact: This week, severe storms swept through the Midwest, causing property damage, power outages, and flooding in Chicago and surrounding areas, making U-Haul's free storage service essential for affected residents seeking dry and secure storage solutions.
- Service Availability: The free offer applies to new self-storage and U-Box rentals based on availability at participating locations, ensuring that more residents can quickly recover their lives after the disaster.
- Long-Term Storage Options: U-Haul has also introduced a 1-Year Price Lock service, guaranteeing customers no rental price increases for the next 12 months, further enhancing its competitive edge and customer loyalty in the North American market.
- Valuation Overview: Seeking Alpha's valuation grades highlight that among U.S. companies with market caps over $10 billion, Southwest Airlines (LUV), U-Haul (UHAL), and Stanley Black & Decker (SWK) are among the most attractively valued, indicating their competitive edge in the industry.
- Southwest Airlines Performance: Southwest Airlines (LUV) received an A valuation grade, suggesting a relatively low valuation compared to peers, which may attract investor interest and enhance its market performance.
- U-Haul and Stanley Black & Decker: U-Haul (UHAL) and Stanley Black & Decker (SWK) received A and A- ratings respectively, reflecting their robust financial performance and investment appeal in their sectors, potentially driving future capital inflows.
- Other Notable Stocks: Companies like United Airlines (UAL), United Parcel Service (UPS), and Paychex (PAYX) also performed well in valuation ratings, indicating market confidence in these large firms, which could influence their stock price movements.







