U-Haul Holding reports Q4 EPS (46c) vs. (5c) last year

Reports Q4 revenue $1.23B vs. $1.18B last year. “We are seeing the high prices we paid for fleet replacements over the last thirty months impact the income statement. Reduced gains on the sale of rental equipment and increased fleet depreciation expense decreased earnings by nearly $260M for the year compared to FY24. We have increased depreciation further to recognize this expense in the current period,” stated Joe Shoen, chairman. “Both the truck acquisition and sale market are showing improvement. The automakers have abandoned the mirage of going net zero and hopefully will get back to offering reliable, fairly priced trucks in quantity.”