U-Haul Reports Sharp Decline in Annual Earnings, Announces $350M Share Repurchase Program
UHAL sits 24% above its 52-week low of $41.945.
Summary
U-Haul Holding Co. announced a steep decline in annual net earnings, falling to $83.1 million from $367.1 million, alongside increased operating costs and losses from equipment disposal. The company also initiated a new $350 million share repurchase program and noted the departure of a key executive.
Key Events · Earnings and Guidance · UHAL
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Significant Earnings Decline
Net earnings available to common stockholders plummeted to $83.1 million for fiscal 2026, down from $367.1 million in fiscal 2025, representing a severe drop in profitability.
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Increased Costs and Equipment Disposal Losses
Total costs and expenses rose by $492.7 million, with a $186.6 million increase in rental fleet depreciation and a $117.6 million negative swing from gains to losses on equipment disposal.
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New $350 Million Share Repurchase Program
The Board authorized a $350 million stock repurchase program, a significant capital allocation move that could provide support for the stock.
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Decline in Self-Storage Occupancy
Average monthly self-storage occupancy rates decreased from 79.2% in fiscal 2025 to 74.4% in fiscal 2026, indicating operational headwinds in a key segment.
Analysis · UHAL · Trade & Services
U-Haul Holding Co. reported a substantial decrease in net earnings for fiscal year 2026, falling to $83.1 million from $367.1 million in fiscal 2025. This significant drop was primarily driven by a $492.7 million increase in total costs and expenses, including a $186.6 million rise in rental fleet depreciation and a $117.6 million swing from gains to losses on equipment disposal. Self-storage occupancy rates also declined. To counter some of the negative sentiment, the Board authorized a new $350 million stock repurchase program. Additionally, Samuel J. Shoen, Vice Chairman and director, will not seek re-election and will step down from his officer role, though this was not due to any disagreement.
How filings like this one have moved
In the 30 days to Aug 26, 2026, 37.4% of the 3468 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, UHAL was trading at $52.04 on NYSE in the Trade & Services sector, with a market capitalization of approximately $9.4B. The 52-week trading range was $41.95 to $64.75. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.