| Danaos Corporation, Inc. (DAC) Q1 2025 Earnings Call Transcript |
Danaos Corporation, Inc. (NYSE:DAC ) Q1 2025 Earnings Conference Call May 14, 2025 9:00 AM ET Company Participants Evangelos Chatzis - VP, CFO, Treasurer & Secretary John Coustas - Chairman, President & CEO Conference Call Participants Omar Nokta - Jefferies Operator Good day, and welcome to the Danaos Corporation conference call to discuss the financial results for the 3 months ended March 31, 2025. As a reminder, today's call is being recorded. |
seekingalpha.com |
2025-05-14 15:54:54 |
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| Danaos Corporation Reports First Quarter Results for Period Ended March 31, 2025 |
ATHENS, Greece , May 13, 2025 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the three-month period ended March 31, 2025. Financial Summary Three Months Ended March 31, 2025 and Three Months Ended March 31, 2024 Unaudited ( Expressed in thousands of United States dollars, except as otherwise stated ) Three Months Ended Three Months Ended March 31, 2025 March 31, 2024 Financial & Operating Metrics Container Vessels Dry bulk Vessels Other Total Container Vessels Dry bulk Vessels Other Total Operating Revenues $236,190 $17,117 - $253,307 $233,411 $20,038 - $253,449 Voyage Expenses, excl. |
prnewswire.com |
2025-05-13 20:30:00 |
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| Why J Mintzmyer Is Short Walmart And Long 3 Shipping Stocks |
Shipping expert J Mintzmyer discusses the current volatility in the shipping sector, and the impact of geopolitical events and tariffs on container ships and tankers. Tanker stocks are particularly attractive due to strong rates and geopolitical factors, while container ship stocks face significant challenges from tariffs and reduced trade volumes. |
seekingalpha.com |
2025-05-13 11:00:00 |
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| Danaos Corporation Announces Date for the Release of First Quarter 2025 Results, Conference Call and Webcast |
ATHENS, Greece , May 8, 2025 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2025, after the close of the market in New York on Tuesday, May 13, 2025. The Company's management team will host a conference call to discuss the results on Wednesday, May 14, 2025 at 9:00 A.M. |
prnewswire.com |
2025-05-08 11:45:00 |
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| Danaos Corporation Announces Upsizing of its Share Repurchase Program by an additional $100 million |
ATHENS, Greece , April 14, 2025 /PRNewswire/ -- Danaos Corporation (NYSE: DAC) announces that its Board of Directors has approved the upsizing of its common stock repurchase program by an additional $100 million. The Company has already executed on share repurchases of approximately $196 million out of the $200 million existing share repurchase program that is now being upsized to a total of $300 million. |
prnewswire.com |
2025-04-14 11:30:00 |
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| Danaos: +60% Discount To Book With A Reasonable Yield, Reiterate Buy |
Danaos Corporation broke a six-quarter streak of missing EPS estimates, ending Q4 2024 with a 41 bps beat and a yield above 4.7%. Despite volatile trading and tariff uncertainties, DAC's fundamentals remain strong with significant revenue growth, fleet expansion, and a $3.4 billion charter backlog. DAC's financial strength, including $671 million in current assets against $169 million in short-term liabilities, makes it a safe-haven investment amidst potential trade disruptions. |
seekingalpha.com |
2025-04-11 12:34:23 |
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| Nokia launches Nokia DAC Marketplace to empower industrial enterprises to harness digital transformation |
Press ReleaseNokia launches Nokia DAC Marketplace to empower industrial enterprises to harness digital transformation DAC Marketplace brings together a wide selection of industrial solutions, including Nokia and third-party devices, applications, and services available worldwide. Customers and partners can easily find and deploy industrial products for their private wireless infrastructures. |
globenewswire.com |
2025-03-27 06:00:00 |
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| Danaos Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2024 |
ATHENS, Greece , March 13, 2025 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2024 has been filed with the Securities and Exchange Commission and can be accessed on the company's website, www.danaos.com. Alternatively, shareholders may also request a hard copy of the complete audited financial statements, free of charge, by contacting the company using the contact details provided at the end of this press release. |
prnewswire.com |
2025-03-13 09:26:00 |
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| Nokia partners with Carrix to introduce private wireless solutions in key U.S. container terminals #MWC25 |
Press Release Nokia partners with Carrix to introduce private wireless solutions in key U.S. container terminals #MWC25 Nokia DAC helps Carrix enhance operations at several leading marine terminals in the United States. 3 March 2025 Espoo, Finland – Carrix, one of the world's leading independent marine terminal and rail yard operators, is partnering with Nokia to introduce Nokia DAC, a private wireless solution to help enhance the company's operations at several leading marine terminals in the United States, including in Jacksonville, Florida; Long Beach, California; Oakland, California; and Seattle, Washington. |
globenewswire.com |
2025-03-03 04:00:00 |
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| Danaos: Stocks This Cheap Don't Come Around Often |
Danaos trades at 2.8x forward PE ratio, mirroring broader industry challenges, but ignoring its contracted revenue business model that shields it from short-term maritime industry volatility. A strong balance sheet with low debt, and fleet expansion and modernization with eco-friendly vessels, secures DAC's future. DAC's low valuation, growth potential, dividends, and share buybacks present a compelling opportunity for different investment strategies. |
seekingalpha.com |
2025-02-19 23:57:07 |
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| Danaos Corporation (DAC) Q4 2024 Earnings Call Transcript |
Danaos Corporation (NYSE:DAC ) Q4 2024 Earnings Conference Call February 11, 2025 9:00 AM ET Company Participants Evangelos Chatzis - Chief Financial Officer John Coustas - Chief Executive Officer Conference Call Participants Omar Nokta - Jefferies Clement Mullins - Value Investors Edge Operator Good day and welcome to the Danaos Corporation Conference Call to discuss the Financial Results for the Three Months ended December 31, 2024. As a reminder today's call is being recorded. |
seekingalpha.com |
2025-02-11 12:19:31 |
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| Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2024 |
ATHENS, Greece , Feb. 10, 2025 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended December 31, 2024. Highlights for the Fourth Quarter and Year Ended December 31, 2024: Financial Summary Three Months Ended December 31, 2024 and Three Months Ended December 31, 2023 Unaudited ( Expressed in thousands of United States dollars, except as otherwise stated ) Three Months Ended Three Months Ended December 31 , 2024 December 31 , 2023 Financial & Operating Metrics Container Vessels Drybulk Vessels Other Total ContainerVessels Drybulk Vessels Other Total Operating Revenues $237,510 $20,669 - $258,179 $238,924 $10,391 - $249,315 Voyage Expenses, excl. |
prnewswire.com |
2025-02-10 20:17:00 |
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| Analysts Estimate Danaos (DAC) to Report a Decline in Earnings: What to Look Out for |
Danaos (DAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-02-03 13:00:44 |
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| Danaos Corporation Announces Date for the Release of Fourth Quarter 2024 Results, Conference Call and Webcast |
ATHENS, Greece , Jan. 21, 2025 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2024, after the close of the market in New York on Monday, February 10, 2025. The Company's management team will host a conference call to discuss the results on Tuesday, February 11, 2025 at 9:00 A.M. |
prnewswire.com |
2025-01-21 09:30:00 |
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| Danaos: Undervalued With Strong Cash Flows |
Danaos Corporation owns 73 containerships and is expanding with 16 more ships under construction. Danaos is diversifying into drybulk with 10 vessels and a position in SBLK. The stock is undervalued given strong free cash flow generation and minimal net debt. |
seekingalpha.com |
2025-01-14 12:08:30 |
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| This Warren Buffett Disciple Dumped Arch Coal for These 2 Stocks Instead |
Warren Buffett is rightfully considered one of the greatest investors of our time. |
247wallst.com |
2025-01-06 14:54:13 |
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| Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year? |
Here is how Danaos (DAC) and Global Ship Lease (GSL) have performed compared to their sector so far this year. |
zacks.com |
2025-01-03 12:46:06 |
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| Are Investors Undervaluing Danaos (DAC) Right Now? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2025-01-03 12:45:48 |
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| Danaos Corporation (DAC) Q3 2024 Earnings Call Transcript |
Danaos Corporation (NYSE:DAC ) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Evangelos Chatzis - CFO John Coustas - CEO Conference Call Participants Omar Nokta - Jefferies Operator Good day and welcome to the Danaos Corporation Conference Call to discuss the Financial Results for the Three Months ended September 30th, 2024. As a reminder, today's call is being recorded. |
seekingalpha.com |
2024-11-12 13:49:45 |
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| Danaos (DAC) Q3 Earnings Miss Estimates |
Danaos (DAC) came out with quarterly earnings of $6.50 per share, missing the Zacks Consensus Estimate of $6.86 per share. This compares to earnings of $7.26 per share a year ago. |
zacks.com |
2024-11-12 12:01:11 |
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| Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2024 |
ATHENS, Greece , Nov. 12, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended September 30, 2024. Highlights for the Third Quarter and Nine Months Ended September 30, 2024: Financial Summary Three Months Ended September 30, 2024 and Three Months Ended September 30, 2023 Unaudited ( Expressed in thousands of United States dollars, except as otherwise stated ) Three Months Ended Three Months Ended September 30, 2024 September 30, 2023 Financial & Operating Metrics Container Vessels Drybulk Vessels Other Total Container Vessels Drybulk Vessels Other Total Operating Revenues $235,570 $20,606 - $256,176 $239,215 - - $239,215 Voyage Expenses, excl. |
prnewswire.com |
2024-11-12 09:30:00 |
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| Danaos Corporation: Providing A Long-Volatility Exposure To Geopolitics |
After a surge in containership charter rates during the pandemic, an important wave of new vessels is currently entering the market. One key reason why the market has been able to digest this new supply so far is geopolitics. In a scenario in which the geopolitical conditions de-escalate, the important supply of new vessels could lead to significant downward pressure on charter rates. |
seekingalpha.com |
2024-11-12 03:22:53 |
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| Danaos to Report Q3 Earnings: What's in the Offing for the Stock? |
Danaos' third-quarter performance is expected to have been significantly hurt by continued market disruptions. |
zacks.com |
2024-11-11 10:51:09 |
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| Analysts Estimate Danaos (DAC) to Report a Decline in Earnings: What to Look Out for |
Danaos (DAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-11-05 13:05:54 |
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| Is the Options Market Predicting a Spike in Danaos (DAC) Stock? |
Investors need to pay close attention to Danaos (DAC) stock based on the movements in the options market lately. |
zacks.com |
2024-11-01 13:25:22 |
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| Danaos Corporation Announces Date for the Release of Third Quarter 2024 Results, Conference Call and Webcast |
ATHENS, Greece , Oct. 31, 2024 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2024, before the open of the market in New York on Tuesday, November 12, 2024. The Company's management team will host a conference call to discuss the results on Tuesday, November 12, 2024 at 9:00 A.M. |
prnewswire.com |
2024-10-31 18:30:00 |
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| Danaos (DAC) Q2 Earnings Lag Estimates |
Danaos (DAC) came out with quarterly earnings of $6.78 per share, missing the Zacks Consensus Estimate of $7.04 per share. This compares to earnings of $7.14 per share a year ago. |
zacks.com |
2024-08-06 00:00:38 |
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| Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2024 |
ATHENS, Greece , Aug. 5, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended June 30, 2024. Highlights for the Second Quarter and Half Year Ended June 30, 2024: Financial Summary Three Months Ended June 30, 2024 and Three Months Ended June 30, 2023 Unaudited ( Expressed in thousands of United States dollars, except as otherwise stated ) Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 Financial & Operating Metrics ContainerVessels DrybulkVessels Other Total ContainerVessels DrybulkVessels Other Total Operating Revenues $230,586 $15,720 - $246,306 $241,479 - - $241,479 Voyage Expenses, excl. |
prnewswire.com |
2024-08-05 20:30:00 |
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| Danaos Corporation Announces Date for the Release of Second Quarter 2024 Results, Conference Call and Webcast |
ATHENS, Greece , July 29, 2024 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2024, after the close of the market in New York on Monday, August 5, 2024. The Company's management team will host a conference call to discuss the results on Tuesday, August 6, 2024 at 9:00 A.M. |
prnewswire.com |
2024-07-29 20:30:00 |
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| Danaos Corporation Announces Additions of $616 million to its Contracted Revenue Backlog and the Addition of Five Containership Vessels to its Newbuildings Orderbook |
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that (i) it has added $616 million to its contracted revenue backlog and (ii) has added an extra five newbuilding containerships to its orderbook. The contract revenue backlog additions include (i) approximately $203 million of forward two-year charter fixtures for nine of its existing vessels and (ii) approximately $413 million of charter fixtures fo. |
businesswire.com |
2024-07-08 18:00:00 |
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| Danaos Benefits from Increasing Demand in Container Shipping |
Danaos Corp. NYSE: DAC is a leader in the global container shipping industry. The company specializes in operating dry bulk and container vessels. |
marketbeat.com |
2024-06-12 11:40:22 |
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| Hamilton Insurance DAC Appoints Ross Reynolds as Chief Executive Officer |
PEMBROKE, Bermuda--(BUSINESS WIRE)-- #HGonNYSE--Hamilton Insurance DAC, the designated activity company of Hamilton Insurance Group, Ltd. (“Hamilton” or “the Company”) (NYSE: HG) registered in Ireland and regulated by the Central Bank of Ireland, today announced that Ross Reynolds has been appointed as Chief Executive Officer, subject to regulatory approval. Reynolds replaces Fiona Marry who will be departing from the Company. Reynolds is based in Dublin and will report to Adrian Daws, Chief Executive Offi. |
businesswire.com |
2024-06-11 10:30:00 |
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| Danaos Corporation (DAC) Q1 2024 Earnings Call Transcript |
Danaos Corporation (NYSE:DAC ) Q1 2024 Earnings Conference Call May 28, 2024 9:00 AM ET Company Participants John Coustas - CEO Evangelos Chatzis - CFO Conference Call Participants Omar Nokta - Jefferies Operator Good day, and welcome to the Danaos Corporation Conference Call to discuss the financial results for the Three Months ended March 31, 2024. As a reminder, today's call is being recorded. |
seekingalpha.com |
2024-05-28 16:49:05 |
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| Danaos Corporation Reports First Quarter Results for Period Ended March 31, 2024 |
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the first quarter ended March 31, 2024. Highlights for the First Quarter Ended March 31, 2024: Financial Summary Three Months Ended March 31, 2024 and Three Months Ended March 31, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended. |
businesswire.com |
2024-05-28 11:30:00 |
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| Danaos: Could A Take Private Deal Be In The Works? |
The containership market has strengthened significantly in the past few months, with rates exceeding 2024 highs set earlier this year. With a strengthening containership market, Danaos low valuation and high cash flow make it a compelling target for a take-private or acquisition. DAC has underperformed competitor GSL by a large amount, despite their businesses being impacted by the same geopolitical events and performance being largely the same. |
seekingalpha.com |
2024-05-23 02:43:30 |
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| J Mintzmyer's Note Of Caution On Shipping |
Shipping disruptions in the Red Sea have led to increased shipping rates in container ships, oil tankers, and dry bulk. Container ships are the most affected trade, followed by oil tankers. |
seekingalpha.com |
2024-05-21 12:30:00 |
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