U-Haul Holding Company said its fiscal second-quarter net earnings available to common stockholders reached $136.7 million, as higher revenue and operating earnings lifted results year over year.
Revenue increased 3.1% to $1.77 billion from $1.72 billion. Earnings from operations were $265 million, compared with $217.6 million a year earlier. Earnings per share were 66 cents for Voting Common Stock and 71 cents for Non-Voting Common Stock, versus 49 cents and 54 cents, respectively.
The company’s Moving and Storage segment generated $1.69 billion in revenue, up from $1.63 billion. Its earnings from operations before equity in earnings of subsidiaries were $241.9 million, compared with $197.4 million.
For the six months ended Sept. 30, U-Haul reported net earnings available to common stockholders of $259.6 million, compared with $247.9 million in the same period a year earlier.
The company furnished the results in an earnings-release exhibit to a Form 8-K filed with the U.S. Securities and Exchange Commission on Nov. 4. The filing lists Item 2.02, Results of Operations and Financial Condition, and Item 9.01, Financial Statements and Exhibits.
