earnings
confidence high
sentiment negative
materiality 0.80
U-Haul fiscal 2024 net earnings fall to $628.7M from $924.5M; Q4 net loss of $0.9M
U-Haul Holding Co /NV/
- Net earnings available to shareholders for FY2024: $628.7M, down from $924.5M YoY.
- Q4 net loss of $0.9M vs net earnings of $37.4M in Q4 2023.
- Self-moving equipment rental revenues fell 7% for full year; self-storage revenues up 12%.
- Gross rental equipment capex $1,619M in FY2024 vs $1,299M in FY2023; cash availability decreased to $1.89B.
- Declared $0.05 dividend per share on Non-Voting Common Stock.