U-Haul Q2 adjusted EPS misses estimates despite higher net income
UHAL•U-Haul reported fiscal second-quarter adjusted EPS of $0.71, below the $0.75 analyst estimate, while net income rose year over year to $136.7 million. The company repurchased $78.3 million of shares during the quarter.
1. Quarterly results
U-Haul’s fiscal second-quarter adjusted EPS was $0.71, missing the $0.75 consensus estimate from three analysts. Net income was $136.7 million and rose year over year.
2. Revenue and repurchases
Self-storage revenue increased 6.4% year over year, supported by higher revenue per foot and new locations. Higher self-moving equipment rental revenue reflected more transactions and an expanded fleet; the company also reported lower fleet depreciation expense and lower losses on equipment disposals. It repurchased $78.3 million of shares and provided no specific financial guidance for the current quarter or full year.
