Danaos Corporation Stock Price, News & Analysis

Danaos Corporation (NYSE: DAC), a leading independent containership owner, will release its Q1 2025 financial results on May 13, 2025, after market close. The company will host a conference call to discuss results on May 14, 2025, at 9:00 A.M. ET. Danaos currently operates a fleet of 74 containerships with 471,477 TEUs capacity, plus 15 vessels under construction adding 128,220 TEUs. The company has also expanded into the drybulk sector with 10 Capesize vessels totaling 1,760,861 DWT. Their vessels are chartered to major liner companies on fixed-rate terms.

Danaos (NYSE: DAC) has announced an expansion of its share repurchase program, adding $100 million to the existing initiative. The company has already utilized approximately $196 million of its previous $200 million buyback program, bringing the total program size to $300 million.

The expanded program allows DAC to purchase shares through open market or private transactions at prices deemed appropriate by the company. The program maintains flexibility with provisions for suspension or discontinuation at the company's discretion.

Danaos (NYSE: DAC), a leading independent containership owner, has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission.

The report is now accessible through the company's website at www.danaos.com. Shareholders can also request a complimentary hard copy of the complete audited financial statements directly from the company.

Danaos (NYSE: DAC) reported its Q4 and full-year 2024 results. Q4 operating revenues increased 3.6% to $258.2 million, while adjusted net income reached $133.3 million ($6.93 per diluted share). The company's container vessel fleet achieved 96.4% utilization, with contracted charter coverage at 97% for 2025 and 79% for 2026.

Key financial metrics include total cash liquidity and marketable securities of $806.7 million, gross debt of $744.5 million, and a net debt to LTM Adjusted EBITDA ratio of 0.40x. The company secured a new $850 million syndicated loan facility to finance remaining newbuilding vessels and added $336 million to contracted revenue backlog through new charters.

Danaos declared a Q4 dividend of $0.85 per share and has repurchased 2,458,024 shares for $168.8 million under its $200 million buyback program. The company's total contracted cash operating revenues stand at $3.4 billion, with an average charter duration of 3.7 years for the containership fleet.

Danaos (NYSE: DAC), a leading independent containership owner, has scheduled its Q4 2024 earnings release for February 10, 2025, after market close. The management will host a conference call on February 11, 2025, at 9:00 A.M. ET to discuss the results.

The company currently operates a fleet of 73 containerships with 465,463 TEUs capacity and has 16 vessels under construction adding 134,234 TEUs. Additionally, Danaos has expanded into the drybulk sector with 10 Capesize vessels totaling 1,760,861 DWT. The company's vessels are chartered to major liner companies on fixed-rate agreements.

Danaos reported Q3 2024 results with operating revenues of $256.2 million, up 7.1% from Q3 2023. Net income was $123.0 million ($6.30 per diluted share), compared to $133.2 million in Q3 2023. The company took delivery of 3 newbuilding containerships and has 14 more vessels on order. Total contracted cash operating revenues stand at $3.3 billion, with fleet charter coverage at 100% for 2024, 94% for 2025, and 73% for 2026. Danaos increased its quarterly dividend by 6.25% to $0.85 per share and has repurchased $123.2 million worth of shares under its buyback program.

Danaos (NYSE: DAC), a leading independent containership owner, will release its Q3 2024 financial results on November 12, 2024, before market open. Management will host a conference call at 9:00 A.M. ET the same day. The company currently operates 73 containerships totaling 465,463 TEUs, with 14 vessels under construction adding 115,834 TEUs. Danaos has also expanded into the drybulk sector with 10 Capesize vessels totaling 1,760,861 DWT. Their fleet serves major liner companies under fixed-rate charters.

Danaos (NYSE: DAC) announced its financial results for Q2 and H1 2024. The total operating revenues for Q2 were $246.3 million, up 2% from Q2 2023. Net income for Q2 2024 was $141.2 million, a slight decline from $147 million in Q2 2023. Earnings per diluted share decreased to $7.23 from $7.32. The company reported $3.2 billion in contracted operating revenues and a robust balance sheet with $786.7 million in total liquidity. Danaos secured multi-year charters for its new vessels and expanded its newbuilding program to 20 vessels, emphasizing eco-friendly designs. For H1 2024, net income was $291.7 million, down from $293.2 million in H1 2023. Operating expenses rose significantly, impacting adjusted EBITDA, which stood at $176.8 million for Q2 2024, down slightly from $177.3 million. Danaos also repurchased shares worth $104.4 million and declared a $0.80 per share dividend, payable on August 29, 2024.

Danaos (NYSE: DAC), a leading independent owner of containerships, has announced the release date for its Q2 2024 financial results. The company will disclose its results on August 5, 2024, after the New York market closes. A conference call and webcast are scheduled for August 6, 2024, at 9:00 A.M. ET to discuss the results.

Danaos currently owns a fleet of 70 containerships with a total capacity of 442,278 TEUs, with an additional 16 vessels under construction adding 129,819 TEUs. The company has also expanded into the drybulk sector, acquiring 10 Capesize vessels with a total capacity of 1,760,861 DWT. Danaos charters its vessels to major liner companies on fixed-rate contracts.