AMERCO REPORTS THIRD QUARTER FISCAL 2015 FINANCIAL RESULTS

February 4, 2015 Download

RENO, Nev. (February 4, 2015)--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 third quarter ended December 31, 2014, of $66.5 million, or $3.40 per share, compared with net earnings of $52.2 million, or $2.67 per share, for the same period last year.

For the nine-month period ended December 31, 2014, net earnings available to common shareholders were $347.3 million, or $17.73 per share compared with net earnings of $303.2 million, or $15.50 per share, for the same period last year.

"Investments made in additional storage rooms, rental trucks, rental trailers and electronic tools continue to bear fruit,” stated Joe Shoen, chairman of AMERCO. “U-Haul is benefiting from interest rates, fleet increases, storage occupancy increases and a robust truck resale market. U-Haul Teams across America continue to work hard to earn the customer's loyalty."