Revenues up 11% compared to second quarter of 2023   TORONTO, July 25, 2024 /CNW/ - 407 International Inc. (the Company) announced today financial results for the second quarter of 2024. Reported revenues were $450.3 million, up 11% and net income was $187.3 million, up 21% compared to the same period in 2023. Earnings before interest and other expenses, taxes, depreciation and amortization (EBITDA1) for the second quarter of 2024 totalled $397.6 million, up 12% compared with the same period in 2023. Trips during the second quarter were higher by 3% compared to the same period last year. Vehicle kilometres travelled increased by 5% compared to the second quarter of 2023. The Board of Directors declared an eligible dividend of $0.290 per common share payable on or about July 25, 2024, to shareholders of record on July 25, 2024. "Summer is our busiest season on the road and safety remains our top priority, not only for our employees, but for the hundreds of thousands of drivers who rely on Highway 407 ETR for a fast, safe and reliable commute," says Javier Tamargo, President & CEO, 407 ETR. "During the second quarter, Team 407 ETR reached four million hours without a lost-time injury. We're proud of our strong safety culture and our record for being one of the safest highways in the GTA." Off the road, 407 ETR continues to invest in road safety initiatives to encourage safe driving and injury prevention. During the second quarter, 407 ETR committed $100,000 in funding for organizations including the Canadian Spinal Research Organization, Parachute Canada, Accident Awareness and Sunnybrook's P.A.R.T.Y. (Prevent Alcohol & Risk-Related Trauma in Youth) Program. 407 ETR also celebrated its annual company-wide day of volunteering. In June, more than 300 employees participated in One Big Day to volunteer at 20 different not-for-profit organizations including food banks, senior's homes, shelters and environmental organizations. Highlights (unaudited) Three-month period ended Six-month period ended June 30 June 30 2024 2023 2024 2023 Selected Financial Information (in millions)