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Q1: 2026-05-11 Earnings Summary
EPS of $6.72 beats by $0.12
|
Revenue of
$229.55M
(-2.81% Y/Y)
misses by $19.45M
Danaos Corporation (DAC) Q1 2026 Earnings Call May 12, 2026 9:00 AM EDT
Company Participants
Evangelos Chatzis - VP, CFO, Treasurer & Secretary
John Coustas - Chairman, President & CEO
Conference Call Participants
Omar Nokta - Clarksons Platou Securities, Inc., Research Division
Climent Molins - Value Investor's Edge
Presentation
Operator
Good day, and welcome to Danaos Corporation conference call to discuss the financial results for the 3 months ended March 31, 2026.
As a reminder, today's call is being recorded. Hosting the call today is Dr. John Coustas, Chief Executive Officer of Danaos Corporation; and Mr. Evangelos Chatzis, Chief Financial Officer of Danaos Corporation. Dr. Coustas and Mr. Chatzis will be making some introductory comments, and we will open the call for a question-and-answer session.
Evangelos Chatzis
VP, CFO, Treasurer & Secretary
Thank you, operator. Good morning, everyone, and thank you for joining us today. Before we begin, I quickly want to remind everyone that management's remarks this morning may contain certain forward-looking statements and that actual results could differ materially from those projected today.
These forward-looking statements are made as of today, and we undertake no obligation to update them. Factors that might affect future results are discussed in our filings with the SEC, and we encourage you to review these detailed safe harbor and risk factor disclosures.
Please also note that where we feel appropriate, we will continue to refer to non-GAAP financial measures such as EBITDA, adjusted EBITDA, adjusted net income, time charter equivalent revenues and time charter equivalent dollars per day to evaluate our business.
Reconciliations of non-GAAP financial measures to GAAP financial measures are included in our earnings release and accompanying materials. With that, let me now turn over the call to Dr. John Coustas, who will provide the broad overview of the quarter. John?
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