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Danaos (DAC)
:DAC
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
6.56Last Year’s EPS
7.15Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: 3.48%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While Danaos Corporation demonstrated strong financial resilience with a solid contracted revenue backlog, high charter coverage, and a robust share repurchase program, it also faced challenges such as decreased adjusted net income and increased operating and finance costs. The dry bulk market's softness and weakening box rates add to the concerns, balancing out the otherwise positive highlights.Company Guidance
During the Danaos Corporation call discussing the financial results for the fourth quarter of 2024, the company emphasized its strong financial position and strategic initiatives. The firm reported an adjusted EPS of $6.93 per share, with an adjusted income of $133.3 million, despite a slight decrease from the previous year's $136 million. Danaos highlighted a robust charter backlog of $3.4 billion, providing significant revenue certainty with 97% coverage for 2025 and 79% for 2026. The company's adjusted EBITDA increased by 9.9% to $189.7 million, demonstrating consistent profitability. Danaos also secured an $850 million loan facility to support its new building program, maintaining a low net debt to adjusted EBITDA ratio of 0.4 times. The company continued to execute share repurchases, with a total of $168.8 million out of the authorized $200 million already repurchased, and maintained liquidity of $807 million, positioning them well for future opportunities.Strong Contracted Revenue Backlog
The contracted revenue backlog increased to $3.4 billion with a 3.7-year average charter duration, providing significant income certainty and market insulation for Danaos Corporation.
High Charter Coverage
Danaos Corporation has secured 97% coverage for 2025 and 79% for 2026 at healthy rates, reducing exposure to market volatility.
Increase in Adjusted EBITDA
Adjusted EBITDA increased by 9.9% or $17.1 million to $189.7 million in Q4 2024 compared to $172.6 million in Q4 2023, driven by improvements in operating revenues and investment income.
Share Repurchase Program
Danaos Corporation has repurchased an additional $45.6 million in shares since the last earnings release, with a total of $168.8 million out of the $200 million authority executed.
Strong Liquidity Position
Total liquidity, including availability under revolving credit facility and marketable securities, stood at $807 million, providing flexibility for capital deployment.
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DAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $80.95 | $84.15 | +3.95% |
| Nov 12, 2024 | $80.31 | $81.87 | +1.94% |
| Aug 05, 2024 | $79.79 | $79.19 | -0.75% |
| May 28, 2024 | $88.10 | $85.53 | -2.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Danaos (DAC) report earnings?
Danaos (DAC) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Danaos (DAC) earnings time?
Danaos (DAC) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAC EPS forecast?
DAC EPS forecast for the fiscal quarter 2025 (Q1) is 6.56.
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