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Danaos Corp (DAC)
NYSE:DAC
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
6.66Last Year’s EPS
6.78Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 13, 2025
|% Change Since: -5.82%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Neutral
Despite strong backlog and strategic fleet optimization, the earnings call revealed significant financial challenges, including lower EPS, increased costs, and segment revenue declines, indicating a cautious outlook.Company Guidance
During the Danaos Corporation conference call for the first quarter of 2025, the company provided detailed financial guidance and insights into its strategic focus amid global market uncertainties. The adjusted earnings per share (EPS) for the quarter was reported at $6.04, down from $7.15 in the same period of 2024, with an adjusted net income of $113.4 million compared to $140 million. The decline was attributed to increased operating costs due to fleet expansion, higher net finance costs, and reduced revenues in the dry bulk and container segments. Despite these challenges, Danaos added over $0.5 billion to its contracted revenue backlog, which now stands at $3.7 billion with a 3.9-year average charter duration. The company's net debt at the end of Q1 was $299 million, with a net debt to adjusted EBITDA ratio of 0.4x. Danaos declared a dividend of $0.85 per share and continued its share repurchase program, now increased to $300 million. The company emphasized its focus on fleet optimization, investing in energy-saving devices to enhance vessel competitiveness, while remaining cautious on new vessel investments due to uncertain future fuel regulations.Strong Contracted Revenue Backlog
The contracted revenue backlog has grown to $3.7 billion with a 3.9-year average charter duration, ensuring 99% contract coverage for 2025 and 85% for 2026.
Net Debt and Liquidity Position
Net debt stands at $299 million with a net debt to adjusted EBITDA ratio of 0.4x, and total liquidity, including marketable securities, is at $825 million.
Fleet Optimization and Strategic Focus
Focus on optimizing the performance of the existing fleet with investments in energy-saving devices and upgrades, ensuring competitive operational costs.
Share Repurchase Program
The company has repurchased $36.9 million worth of stock since the last earnings release, with the share repurchase program upsized to $300 million.
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
DAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2025 | $88.80 | $85.56 | -3.65% |
Feb 10, 2025 | $80.14 | $83.30 | +3.94% |
Nov 12, 2024 | $79.50 | $81.05 | +1.95% |
Aug 05, 2024 | $78.99 | $78.40 | -0.75% |
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.
FAQ
When does Danaos Corp (DAC) report earnings?
Danaos Corp (DAC) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is Danaos Corp (DAC) earnings time?
Danaos Corp (DAC) earnings time is at Aug 11, 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 (Q2) is 6.66.