AMERCO Reports Second Quarter Fiscal 2016 Financial Results

November 4, 2015 Download

RENO, Nev. (Nov. 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 shareholders for its second quarter ended September 30, 2015, of $183.4 million, or $9.36 per share, compared with net earnings of $156.2 million, or $7.98 per share, for the same period last year.

For the six-month period ended September 30, 2015, net earnings available to shareholders were $354.7 million, or $18.10 per share, compared with net earnings of $280.7 million, or $14.34 per share, for the same period last year.

"We continued to see revenue growth in all major segments," stated Joe Shoen, chairman of AMERCO. "Competitors continue to assert themselves. We aim to make U-Haul the customer's best choice in both self-move and self-store. I continue to view this as a long journey requiring sustained effort."