AMERCO Reports First Quarter Fiscal 2017 Financial Results
August 3, 2016 Download
RENO, Nev. (August 3, 2016)--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 common shareholders for its first quarter ended June 30, 2016, of $147.2 million, or $7.51 per share, compared with net earnings of $171.3 million, or $8.74 per share, for the same period last year.
“Our moving and storage business remains strong. People are still moving,” stated Joe Shoen, chairman of AMERCO. “We are seeing the strong truck chassis cost increases put through by Ford and General Motors reflected in our bottom line.”