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.
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