AMERCO Reports First Quarter Fiscal 2019 Financial Results

August 8, 2018 Download

RENO, Nev. (August 8, 2018)--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, 2018, of $127.8 million, or $6.53 per share, compared with net earnings of $126.2 million, or $6.44 per share, for the same period last year.

“Increased revenue for the quarter was driven by more transactions in our moving business and increased rooms rented in our self-storage portfolio compared to this period last year,” stated Joe Shoen, chairman of AMERCO. “I continue to work on repair expense. We are not there yet.”