AMERCO Reports First Quarter Fiscal 2020 Financial Results

August 7, 2019 Download

RENO, Nev. (August 7, 2019)--AMERCO (Nasdaq: UHAL), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to common shareholders for its first quarter ended June 30, 2019, of $132.4 million, or $6.76 per share, compared with net earnings of $127.8 million, or $6.53 per share, for the same period last year.

“Modest revenue gains in the equipment rental business reflect continued demand for self-move equipment,” stated Joe Shoen, chairman of AMERCO. “Self-storage revenues continue to improve as we fill units and should continue to do so. The self-storage market is very competitive and we are competing.”