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U-Haul's quarterly earnings fell short of analyst expectations. The company is seeing slowing demand for its products after a strong run.
The DIY moving specialist released its fourth quarter of fiscal 2023 earnings. Suffice it to say it's surely happy that fiscal year is now behind it.
U-Haul Holding Company (NYSE:UHAL ) Q4 2023 Earnings Conference Call May 31, 2023 11:00 AM ET Company Participants Sebastien Reyes - Director of Investor Relations Joe Shoen - Chairman, President, and Chief Executive Officer Jason Berg - Chief Financial Officer Conference Call Participants Steven Ralston - Zacks Investment Research Jamie Wilen - Wilen Management Operator Good day, and welcome to the U-Haul Holding Company's Fourth Quarter Fiscal 2023 Year-End Investor Call. All participants will be in listen-only mode for the duration of the call.
The world of work and real estate is changing as consumers and investors know it, with remote or mostly remote work making up to 34% of the total American workforce and rent inflation reaching rates as high as 6.9% for the year 2022. As more workers fulfill their duties on a remote basis and an increasing number of renters keep getting priced out of the marketplace, a new solution may come to find those in need of flexibility and adaptive fixtures.
U-Haul's value continues to rise year after year on steady management of its truck rental and real estate storage businesses. Exceptionally low share trading volume during April-May could be setting up a price spike higher on any good news into early summer.
WASHINGTON (AP) — Police have arrested a Missouri man they believe intentionally crashed a U-Haul truck into a security barrier at a park across from the White House.
While governments typically aim for a robust jobs market, too hot of a labor force could yield significant risks, thus forcing changes for stocks to buy. Indeed, American investors may want to consider adjusting their strategies to accommodate future changes in the economy.
The industrial sector forms the backbone of the U.S. economy, including some of the oldest and most well-known brands.
David Abrams (Trades, Portfolio), founder of Abrams Capital Management, disclosed in a regulatory portfolio update filing that his firm's top trades during the fourth quarter included the transfer of its U-Haul Holding Co. ( UHAL , Financial)( UHAL.B , Financial) holding from voting shares to non-voting shares. The firm also boosted its position in Meta Platforms Inc. ( META , Financial), exited its positions in O-I Glass Inc. ( OI , Financial) and Kinder Morgan Inc. ( KMI , Financial) and trimmed its holdings in TransDigm Group ( TDG , Financial) and Teva Pharmaceutical Industries ( TEVA , Financial).
U-Haul Holding Company (NYSE:UHAL ) Q3 2023 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants Sebastien Reyes - Director of Investor Relations Joe Shoen - Chairman, President & Chief Executive Officer Jason Berg - Chief Financial Officer Conference Call Participants Steven Ralston - Zacks Investment Research Jamie Wieland - Wieland Management Operator Good morning and welcome to the U-Haul Holding Company Third Quarter Fiscal 2023 Investor Conference Call. All participants will be in listen-only mode.