U-Haul | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 1.72 B

Revenue: As of FY2026 Q2, the actual value is USD 1.72 B, missing the estimate of USD 1.728 B.

EPS: As of FY2026 Q2, the actual value is USD 0.54.

EBIT: As of FY2026 Q2, the actual value is USD 297.88 M.

Segment Revenue

• Moving and Storage: Revenue increased to $1,632.8 million for the quarter ended September 30, 2025, compared to $1,573.6 million in the same period of 2024.
• Property and Casualty Insurance: Revenue increased to $35.9 million from $31.5 million in the same period of 2024.
• Life Insurance: Revenue decreased to $54.1 million from $56.2 million in the same period of 2024.

Operational Metrics

• Net Earnings: Net earnings available to common shareholders for the second quarter ended September 30, 2025, were $105.6 million, compared to $186.8 million for the same period last year.
• Earnings from Operations: Decreased to $217.6 million from $301.9 million in the same period of 2024.
• Depreciation Expense: Total depreciation expense increased to $302.1 million from $244.8 million in the same period of 2024.
• Fleet Depreciation: Increased by $50.6 million for the second quarter compared to the same period in 2024.

Cash Flow

• Cash and Credit Availability: At the Moving and Storage segment, cash and credit availability was $1,376.0 million as of September 30, 2025, compared to $1,347.5 million at March 31, 2025.

Unique Metrics

• Self-Storage Revenues: Increased by $21.8 million, or 9.7%, compared to the second quarter of fiscal year 2025.
• Self-Moving Equipment Rental Revenues: Increased by $23.1 million, or 2.1%, compared to the second quarter of fiscal year 2025.

Outlook / Guidance

• The company anticipates continued rental of trucks despite challenges, as federal agencies are moving away from stringent green mandates.