Q4 2026 U-Haul Holding Co Earnings Call Transcript
Key Points
- Adjusted EBITDA for the moving and storage segment increased by $6 million for the quarter and $26 million for the full fiscal year.
- Equipment rental revenue increased by $12 million for the fourth quarter and $86 million for the full year.
- Storage revenues were up by $16 million for the quarter, marking a 7% increase, and up 8% for the year.
- The company added 66 new locations with storage, totaling 5.3 million net rentable square feet.
- U-Haul Holding Co (UHAL) Board of Directors authorized a $350 million share repurchase plan, indicating confidence in the company's valuation.
- The company reported a fourth-quarter loss of $128 million, compared to a loss of $82 million in the previous year.
- Full-year fiscal 2026 earnings were significantly down to $83 million from $367 million the previous year.
- Depreciation on the truck fleet increased significantly, impacting earnings per share negatively.
- Same-store occupancy in storage was down 540 basis points to 86.1%, partly due to a cleanup of delinquent rooms.
- Net tenant move-ins remained slower than in recent years, indicating challenges in filling storage spaces.
Good morning, ladies and gentlemen, and welcome to the U-Haul Holding Company fourth quarter and fiscal year end 2026 investor call. (Operator Instructions) This call is being recorded on Thursday, May 28, 2026.
I would now like to turn the conference over to Sebastien Reyes. Please go ahead.
Good morning, everyone. Thank you for joining us today. Welcome to the U-Haul Holding Company fourth quarter fiscal year-end 2026 investor call.
Before we begin, I'd like to remind everyone that certain of the statements during this call, including, without limitation, statements regarding revenue, expenses, income and general growth of our business may constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified.
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