--- title: "U-Haul | 8-K: FY2027 Q1 Revenue Beats Estimate at USD 1.682 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/295046909.md" datetime: "2026-08-06T02:57:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295046909.md) - [en](https://longbridge.com/en/news/295046909.md) - [zh-HK](https://longbridge.com/zh-HK/news/295046909.md) --- # U-Haul | 8-K: FY2027 Q1 Revenue Beats Estimate at USD 1.682 B Revenue: As of FY2027 Q1, the actual value is USD 1.682 B, beating the estimate of USD 1.681 B. EPS: As of FY2027 Q1, the actual value is USD 0.63, missing the estimate of USD 0.72. EBIT: As of FY2027 Q1, the actual value is USD 259.99 M. ### Overall Financial Performance Net earnings available to common shareholders for U-Haul Holding Company were $122.9 million in the first quarter ended June 30, 2026, a decrease from $142.3 million for the same period last year. Consolidated earnings from operations decreased to $250,596 thousand in Q1 Fiscal 2027 from $257,414 thousand in Q1 Fiscal 2026. Total costs and expenses were $1,431,431 thousand in Q1 Fiscal 2027, compared to $1,373,056 thousand in Q1 Fiscal 2026. Pretax earnings were $161,687 thousand in Q1 Fiscal 2027, down from $185,381 thousand in Q1 Fiscal 2026. Income tax expense was -$38,758 thousand in Q1 Fiscal 2027, compared to -$43,050 thousand in Q1 Fiscal 2026. Interest expense increased to $97,912 thousand in Q1 Fiscal 2027 from $82,330 thousand in Q1 Fiscal 2026. Other interest income was $9,391 thousand in Q1 Fiscal 2027, a decrease from $10,669 thousand in Q1 Fiscal 2026. ### Moving and Storage Segment #### Revenues Moving and Storage segment revenues were $1,601,949 thousand in Q1 Fiscal 2027, up from $1,553,859 thousand in Q1 Fiscal 2026. Self-moving equipment rental revenues increased $29.3 million, or 2.8%, versus Q1 Fiscal 2026. Self-storage revenues increased $15.9 million, or 6.8%, versus Q1 Fiscal 2026. Other revenue for Moving and Storage increased $1.8 million, or 1.2%, versus Q1 Fiscal 2026. #### Operational Metrics Earnings from operations for the Moving and Storage segment, before consolidation of equity in earnings of insurance subsidiaries, decreased $8.1 million to $234.8 million compared to the first quarter of fiscal 2026. Moving and Storage adjusted EBITDA decreased $8.5 million to $536.7 million compared to Q1 Fiscal 2026. For the trailing twelve months ended June 30, 2026, adjusted EBITDA decreased $13.0 million to $1,637.3 million compared to the trailing twelve months ended June 30, 2025. #### Self-Storage Specifics Same store occupancy decreased 4.5% to 88.3%. Revenue per foot increased 7.6%. During Q1 Fiscal 2027, 18 new locations with storage and 1.1 million net rentable square feet (NRSF) were added, with approximately 12 million NRSF in development or pending. #### Operating Costs Fleet maintenance and repair costs increased $4.1 million compared with Q1 Fiscal 2026. Fleet depreciation expense increased $13.5 million, and real estate related depreciation expense increased $5.1 million in Q1 Fiscal 2027 compared to Q1 Fiscal 2026. Net losses from the disposal of retired rental equipment decreased $24.0 million to a net gain of $1.9 million for Q1 Fiscal 2027. #### Cash and Credit Availability Cash and credit availability at the Moving and Storage segment was $1,348.6 million as of June 30, 2026, down from $1,479.4 million as of March 31, 2026. ### Property and Casualty Insurance Segment Revenues were $31,223 thousand in Q1 Fiscal 2027, up from $29,721 thousand in Q1 Fiscal 2026. Earnings from operations were $12,216 thousand in Q1 Fiscal 2027, compared to $11,888 thousand in Q1 Fiscal 2026. ### Life Insurance Segment Revenues were $51,476 thousand in Q1 Fiscal 2027, up from $50,094 thousand in Q1 Fiscal 2026. Earnings from operations were $3,593 thousand in Q1 Fiscal 2027, compared to $2,676 thousand in Q1 Fiscal 2026. ### Other Financial Metrics Total debt for the Moving and Storage segment was $8,146,884 thousand as of June 30, 2026, compared to $7,285,130 thousand as of June 30, 2025. Consolidated cash and cash equivalents were $1,097,336 thousand as of June 30, 2026, down from $1,120,147 thousand as of March 31, 2026. Consolidated total assets were $21,661,488 thousand as of June 30, 2026, compared to $21,502,789 thousand as of March 31, 2026. #### Share Repurchases and Dividends During Q1 Fiscal 2027, U-Haul Holding Company repurchased 248,368 shares of Voting common stock at a cost of $15.6 million and 584,278 shares of Non-Voting common stock at a cost of $32.4 million. A cash dividend of $0.05 per share on Non-Voting Common Stock was declared on June 3, 2026, and paid on June 26, 2026. ### Operational Outlook U-Haul Holding Company’s chairman noted that the pickup and van resale market is currently tepid, despite achieving a gain on sale this quarter after several quarters of losses. The pace of storage unit rent-up is increasing, and rates are holding, though further improvement is needed as new storage units are being completed faster than they are filled. The company is successfully expanding its U-Haul independent dealer teams, which is expected to drive U-Move transactions and fleet utilization. ### Related Stocks - [UHAL.B.US](https://longbridge.com/en/quote/UHAL.B.US.md) ## Related News & Research - [U-Haul Q4 net loss widens, partly hurt by higher fleet depreciation expense](https://longbridge.com/en/news/287817853.md) - [Is U-Haul (UHAL) Quietly Repositioning Its Real Estate Strategy With New Rossford Storage Investment?](https://longbridge.com/en/news/282471781.md)