July 11, 2014 5:46 PM ET

Transportation Infrastructure

Company Overview of 407 International Inc.

Company Overview

407 International Inc., through its subsidiaries, owns, operates, and maintains highway 407 in Canada. The Highway 407 is an all-electronic open-access toll highway, which stretches 108 kilometers from Burlington to Pickering in the Greater Toronto Area and directly connects to 7 other large freeways. The company was founded in 1993 and is headquartered in Woodbridge, Canada.

6300 Steeles Avenue West

Woodbridge, ON L4H 1J1

Canada

Founded in 1993

427 Employees

Phone:

905-265-4070

Fax:

905-264-5315

Key Executives for 407 International Inc.

Chief Executive Officer
Chief Financial Officer and Secretary
Chief Information Officer
Vice President of Communications & Government Relations
Director of Communications
Compensation as of Fiscal Year 2014.

407 International Inc. Key Developments

407 International Inc. Announces Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2014

407 International Inc. announced unaudited earnings and operating results for the first quarter ended March 31, 2014. The company reported revenues of $185.3 million for the first quarter of 2014, compared to $166.7 million for the same period of 2013. Earnings before interest, taxes, depreciation and amortization were $150.3 million for the first quarter of 2014 as compared with $135.5 million for same period of 2013. The company reported net income of $35.3 million for the first quarter of 2014, compared with net income of $52.4 million for the same period of 2013. Income before tax was $47.9 million against $71 million a year ago. For the first quarter of 2014, the company reported total trips of 26,092,000 against 25,416,000 a year ago. Average revenue per trip was $7.09 against $6.55 a year ago. Total vehicle kilometres were 517,849,000 against 501,920,000 a year ago. Number of transponders in circulation at March 31, 2014 was 1,159,892 against 1,115,195 a year ago.

407 International Inc. Declares Dividend Payable on or About April 23, 2014

407 International Inc. announced that the Board of Directors declared an eligible dividend of $0.226 per common share, payable on or about April 23, 2014 to shareholders of record on April 23, 2014.

407 International Inc. to Pay Dividend

407 International Inc. announced it will pay a 22.6 cents per share dividend, up from 12.9 cents in 2012.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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