Danaos (NYSE:DAC) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.01b (up 4.2% from FY 2023).
• Net income: US$505.1m (down 12% from FY 2023).
• Profit margin: 50% (down from 59% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$26.15 (down from US$28.99 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Danaos Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 1.5% decline forecast for the Shipping industry in the US.

Performance of the American Shipping industry.

The company's shares are up 5.0% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Danaos, and understanding this should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.