Danaos Corporation (DAC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and welcome to the Denauss Corporation conference call to discuss the financial results for the three months ended March 31st, 2025. As a reminder, today's call is being recorded. Hosting the call today is Dr. John Kustas, Chief Executive Officer of Denauss Corporation and Mr. Evangelos Hatzis, Chief Financial Officer of Denauss Corporation. Dr. Kustas and Mr. Hatzis will be making some introductory comments and then we will open the call to a question and answer session. Thank you, operator. Good morning, everyone, and thank you for joining us. 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, adjusted net income, time charter equivalent revenues, and time charter equivalent dollars per day 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. Koustas, who will provide the broad overview of the quarter. Thank you, Evangelos. Good morning, and thank you all for joining today's call to discuss results for the first quarter of 25. As the year progresses, the level of global disruption shows no signs of abating. Armed conflicts continue, mostly recen...