EarningsQ1 2027 Earnings Report
MX:UHAL Q1 2027 EPS Results
Actual EPS$10.54
Consensus EPS$12.05
Beat/MissMissed by -$1.51
One Year Ago EPS$12.36
MX:UHAL Q1 2027 Revenue Results
Actual Revenue$30.58B
Expected Revenue$30.57B
Beat/MissBeat by +$10.00M
YoY Revenue Growth+3.16%
Earnings Announcement Details
QuarterQ1 2027
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:UHAL Upcoming Earnings
U-Haul's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
MX:UHAL Q1 2027 Earnings Call
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Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of tangible operational progress and clear near-term headwinds. Positive developments include equipment rental revenue growth (+$29M), storage revenue improvement (+7%) and higher average revenue per occupied foot (+6%), meaningful network expansion (75 company locations, +1,100 dealers), improved disposal gains, a strong cash balance ($1.349B) and an active share repurchase program. Offsetting these positives are declines in net earnings and EPS (~13%), a small decrease in adjusted EBITDA, shrinking EBITDA margin (>1.5 pts), operating expenses growing faster than revenue (+$55M OpEx vs ~+3% revenue), a notable drop in same-store occupancy (-456 bps to 88.3%) tied to stricter collections, freight/shipping cost pressure (~+$22.5M), increased fleet depreciation and lower proceeds from retired equipment, and a contraction in the storage development pipeline. Taken together, the company shows solid growth initiatives and capital allocation actions but faces margin and cost pressures that temper near-term outlook.Company Guidance
Equipment Rental Revenue Growth
Equipment rental revenues increased by $29 million year-over-year, with transactions and revenue rising across both In-Town and one-way markets. July revenue trended in line with Q1 results.
Storage Revenue and Rate Improvements
Storage revenues increased $16 million (about +7% year-over-year). Average revenue per occupied foot for the total portfolio improved by over 6%. Average new-customer rental rates rose ~2.5% year-over-year.
Network Expansion — Company Locations and Independent Dealers
Added 75 new company-operated locations and achieved a net increase of over 1,100 independent dealers compared to last year; management is halfway toward the initiative to net gain 3,000 independent dealer locations and reports continued momentum.
Capital Allocation, Cash Position and Buybacks
Capital expenditures for new rental equipment were $602 million (+$17 million year-over-year). Cash and availability at the moving & storage segment totaled $1.349 billion as of June 30. Under the announced $350 million share repurchase program, the company repurchased 248,368 voting shares ($15.6M) and 584,278 nonvoting shares ($32.4M) through June 30 and made additional purchases since then; remaining repurchase capacity is just under $242 million.
Improved Results on Retired Equipment Disposals
Losses from disposal of retired rental equipment decreased by $24 million year-over-year, resulting in a $1.9 million gain for the quarter; resale market for cargo vans started the fiscal year relatively strong.
Product Adoption and U-Box Inventory Growth
U-Box: number of boxes in storage and boxes shipped increased. Company reports growing acceptance of customer-facing digital tools and ongoing investments in U-Move, U-Store and U-Box product offerings.
MX:UHAL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed