U-Haul Earnings Dip Amid Rising Costs | Business and Finance News

U-Haul’s Q1 earnings dipped to $123M from $142M last year, with EPS falling to 63 cents vs. 73 cents, as moving/storage EBITDA dropped $9M to $537M. Equipment rental revenue rose $29M thanks to stricter overdue storage policies, while new customer sign-ups improve but growth potential remains. The company criticized deceptive self-storage pricing for harming industry reputation and triggering regulatory scrutiny. Real estate investment fell $100M YoY to $194M, adding 18 new locations and over 1M net rentable sq ft, though operating expenses surged $55M due to rising freight costs ($22.5M) and fleet depreciation—though the latter’s impact is easing. Losses from selling old equipment turned into a small gain, and share buybacks continued. Ahead, U-Haul’s August investor meeting will let shareholders ask questions, with focus on digital tools and growth in U-Move, U-Store, and U-Box services despite rising costs and competition. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ecce62bdb5a04464