WEB U-Haul Holding Company Reports First Quarter Financial Results
Strong Growth in Self-Storage and Moving Revenue
Key Highlights:
WEB U-Haul Holding Company (NYSE: UHAL, UHALB), the parent company of U-Haul, recently announced its financial results for the first quarter of fiscal 2025. The company saw significant growth in both its self-storage and moving revenues, driving strong financial performance.
Self-storage revenues increased by $16.8 million, with the addition of new locations and increased demand for storage space. Moving revenues also saw a rise, indicating a growing need for transportation services.
The company reported net earnings of $195.4 million for Q1, up from $186.9 million in the same period last year. This strong financial performance reflects the company's ability to meet the growing demand for its services.
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