{"id":129866,"date":"2019-04-16T13:26:50","date_gmt":"2019-04-16T11:26:50","guid":{"rendered":"https:\/\/newsroom.ferrovial.com\/noticias-locales\/407-international-reports-first-quarter-results-2019\/"},"modified":"2025-03-10T19:44:11","modified_gmt":"2025-03-10T18:44:11","slug":"407-international-reports-first-quarter-results-2019","status":"publish","type":"local_new","link":"https:\/\/newsroom.ferrovial.com\/en-us\/local-news\/407-international-reports-first-quarter-results-2019\/","title":{"rendered":"407 International reports first quarter results 2019"},"content":{"rendered":"    <section class=\"wysiwyg text-editor \" id=\"\">\n        <div class=\"container container--narrow container--p-10\">\n            <p class=\"x30 mgbot30 lh50 md_x20 md_lh40 xs_lh30 animated_item animated fadeInUp\">Earnings before interest, taxes, depreciation and amortization (\u201cEBITDA\u201d<a href=\"https:\/\/www.cintra.es\/en\/communications\/407-international-reports-first-quarter-results-2019\/#_ftn1\" name=\"_ftnref1\">[1]<\/a>) totalled $262.7 million for the<strong>\u00a0first quarter of 2019<\/strong>\u00a0compared with\u00a0<strong>$251.0 million<\/strong>\u00a0for the same period of 2018. The Company reported\u00a0<strong>net income<\/strong>\u00a0of\u00a0<strong>$95.4 million for the first quarter of 2019<\/strong>, compared with net income of\u00a0<strong>$96.9 million for same period of 2018.<\/strong><\/p>\n<p class=\"x30 mgbot30 lh50 md_x20 md_lh40 xs_lh30 animated_item animated fadeInUp\">The Board of Directors declared an eligible dividend of\u00a0<strong>$0.323<\/strong>\u00a0per common share, payable on or about April 11, 2019 to shareholders of record on April 11, 2019.<\/p>\n<p class=\"x30 mgbot30 lh50 md_x20 md_lh40 xs_lh30 animated_item animated fadeInUp\">The 407 ETR is pleased to confirm the appointment to the Board of Directors of Jose Tamariz, Head of Europe and New Markets and Asset Management Director, Cintra Global S.E., who replaces Mr. Nicolas Rubio. The appointment took effect on February 1, 2019.<\/p>\n<p class=\"x30 mgbot30 lh50 md_x20 md_lh40 xs_lh30 animated_item animated fadeInUp onScreen\">Highway\u00a0<a href=\"https:\/\/www.407etr.com\/en\/index.html\" target=\"_blank\" rel=\"noopener\">407 ETR<\/a>\u00a0is the best way to travel across the top of the Greater Toronto Area. Drivers make an average of\u00a0<strong>415,000 trips<\/strong>\u00a0each workday and continue to report that using the toll road saves them significant time, reduces their fuel consumption and vehicle maintenance costs and staying out of the gridlock and heavy traffic elsewhere means lower carbon dioxide emissions. Use of the toll road has increased steadily since opening in 1999 and is well known as the route of choice for business to move goods efficiently and for people wanting to save time for the things that matter most.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-S wp-image-93382\" src=\"https:\/\/newsroom.ferrovial.com\/wp-content\/uploads\/sites\/4\/2019\/12\/results_first_quarter_2019-480x480.png\" alt=\"results first quarter 2019 407 ETR\" width=\"480\" height=\"480\" srcset=\"https:\/\/static.newsroom.ferrovial.com\/wp-content\/uploads\/2019\/12\/15133420\/results_first_quarter_2019-480x480.png 480w, https:\/\/static.newsroom.ferrovial.com\/wp-content\/uploads\/2019\/12\/15133420\/results_first_quarter_2019-150x150.png 150w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/p>\n<p><a href=\"https:\/\/www.cintra.es\/wp-admin\/post.php?post=6181&amp;action=edit&amp;lang=en#_ftnref1\" name=\"_ftn1\">[1]<\/a>\u00a0<em>EBITDA is not a recognized measure under International Financial Reporting Standards and investors are cautioned that EBITDA should not be construed as an alternative to net income or cash from operating activities as an indicator of the Company\u2019s performance or cash flows. The Company\u2019s method of calculating EBITDA may differ from other companies\u2019 methods, and may not be comparable to measures used by other companies.<\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/newsroom.ferrovial.com\/wp-content\/uploads\/sites\/4\/2019\/04\/q1_2019_results.pdf\" target=\"_blank\" rel=\"noopener\">Download First Quarter Results &#8211; 2019<\/a><\/p>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":129867,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","nivel-2":[3031],"nivel-5":[2953],"nivel-1":[3134],"nivel-3":[2802],"nivel-4":[],"class_list":["post-129866","local_new","type-local_new","status-publish","has-post-thumbnail","hentry","nivel-2-results-en-us","nivel-5-407-etr-en-us","nivel-1-highways-en-us","nivel-3-united-states-en-us"],"acf":[],"yoast_head":"<title>407 International reports first quarter results 2019<\/title>\n<meta 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