AMERCO Reports Second Quarter Fiscal 2019 Financial Results
November 7, 2018 Download
RENO, Nev. (November 7, 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 shareholders for its second quarter ended September 30, 2018, of $163.5 million, or $8.35 per share, compared with net earnings of $124.6 million, or $6.36 per share, for the same period last year.
For the six-month period ended September 30, 2018, net earnings available to shareholders were $291.4 million, or $14.87 per share, compared with net earnings of $250.8, or $12.81 per share, for the same period last year.
“Growth in equipment rental revenue and occupied storage rooms continued during the quarter and we have the capacity for additional improvement,” stated Joe Shoen, chairman of AMERCO. “Truck sales are improving, returning some revenue and expense that was in the third quarter last year into this second quarter. Discretionary personnel bonus amounts that were recognized in the second quarter last year have not yet been determined. We have lots of work to do and are about it.”