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U-Haul made $137 million last quarter, up from $106 million last year, with earnings per share at $0.71.

ResultsRead the original at Benzinga
Good for UHAL

U-Haul Holding’s profit and equipment rental income grew, with more income from both local and one-way rentals. Lower storage occupancy and higher operating costs temper the gains, but rising profit supports a favorable read.

UHAL · U-Haul Holding Company

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More customers used its In-Town service, and rental income rose in both local and one-way moves. The company also added company-run sites and independent dealers. Storage income grew, but fewer units were occupied. Higher freight costs also weighed on U-Box. Still, equipment rental growth and lower fleet spending accompanied the rise in total profit.

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