Danaos Corporation (DAC) CEO John Coustas on Q1 2021 Results - Earnings Call Transcript

May 11, 2021 1:12 PM ETDanaos Corporation (DAC) StockDAC3 Comments
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Q1: 2021-05-10 Earnings Summary

EPS of $2.83 beats by $0.07
 | Revenue of $132.12M (24.41% Y/Y) misses by $945.00K

Danaos Corporation (NYSE:DAC) Q1 2021 Earnings Conference Call May 11, 2021 9:00 AM ET

Company Participants

John Coustas - CEO
Evangelos Chatzis - CFO

Conference Call Participants

Randy Giveans - Jefferies
James Monigan - Citigroup
Omar Nokta - Clarksons Platou Securities

Operator

Good day and welcome to the Danaos Corporation Conference Call to discuss the Financial Results for the Three Months Ended March 31, 2021. 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 then we will open the call to a question-and-answer session.

I would now like to turn the call over to Mr. Evangelos Chatzis, to begin the call.

Evangelos Chatzis

Thank you, operator. Good morning to 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, and adjusted net income 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 the call over to Dr. Coustas, who will provide a broad overview for the quarter. John?

John Coustas

Thank you, Evangelos.

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