Danaos Corporation Reports Record $1.01 Billion in Revenues and $532 Million Adjusted Net Income for 2024

Reuters
2025/06/03
Danaos Corporation Reports Record $1.01 Billion in Revenues and $532 Million Adjusted Net Income for 2024

Danaos Corporation has reported its financial results for 2024, marking a landmark year for the company with operating revenues surpassing $1 billion for the first time in its history. The reported operating revenues amounted to $1.01 billion, reflecting a strong performance. The company also achieved a robust Adjusted EBITDA of $723 million and an Adjusted Net Income of $532 million. Furthermore, Danaos Corporation's total contracted revenue backlog increased significantly to $3.4 billion by the end of the year, up from $2.3 billion. The company also reported total liquid assets of $807 million, and a net debt to Adjusted EBITDA ratio of 0.4x, indicating strong financial health. In terms of business operations, Danaos highlighted its resilience and progress throughout 2024, successfully navigating both opportunities and challenges. The company remains focused on delivering operational excellence to its customers, partners, and communities, ensuring sustainable value creation for all stakeholders over the long term. No specific guidance or outlook for future periods was provided in the reported results.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Danaos Corporation published the original content used to generate this news brief on June 03, 2025, and is solely responsible for the information contained therein.

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