U-Haul Holding Company (UHAL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the U-Haul Holding Company Second Quarter Fiscal 2026 Investor Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a time. This call, you require immediate assistance. Please press star zero for the operator. This call is being recorded on Thursday, November 6, 2025. I would now like to turn the conference over to Sebastian Reyes. Please go ahead. Good morning and thank you for joining us today. Welcome to the U-Haul Holding Company second quarter 2026 investor call. Before we begin, I'd like to remind everyone that certain of the statements during this call, including without limitation, statements regarding revenue, expenses, income, and general growth of our business, may constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 as amended. and Section 21E of the Securities Exchange Act of 1934 is amended. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Certain factors could cause actual results to differ materially from those projected. For discussion of the risks and uncertainties that may affect the company's business and future operating results, please refer to the company's public SEC filings and Form 10-Q for the quarter ended September 30, 2025, which is on file with the U.S. Securities and Exchange Commission. I will now turn the call over to Joe Schoen, Chairman of U-Haul Holding Company. JOE SCHOEN, Chairman, U-Haul Holding Company Thank you, Sebastian. The earnings crush of increased depreciation and change from booking gains on equipment sales to booking losses on equipment sales became evident...