Danaos Q2 EPS $8.32 Beats, Drybulk Revenue Surges 57%
DAC sits 70% above its 52-week low of $83.56.
Summary
Danaos posted Q2 diluted EPS of $8.32, up from $7.12 a year ago, driven by a 57% jump in drybulk revenue to $35.7M and steady container performance. Adjusted diluted EPS came in at $7.29 versus $6.36 last year. The balance sheet remains fortress-like: $1.46B in total liquidity against $1.23B in gross debt, with net debt at just 0.30x LTM adjusted EBITDA. This follows a strong Q1 beat and an upsized $300M buyback announced in February. The stock is trading near its 52-week high, reflecting the market's confidence in Danaos's diversified fleet and capital discipline.
At the time of this announcement, DAC was trading at $142.08 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $83.56 to $143.48. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.