Thomson Reuters Corp Stock Price, News & Analysis

Thomson Reuters (TRI) reported a 6% revenue increase for Q4 2021 and FY 2021, reaching $1.71 billion and $6.35 billion respectively. Organic revenue grew 6% in Q4 and 5% for the year. The Big 3 segments saw 7% organic growth. However, operating profit declined by 73% to $257 million, and net cash provided from operations fell by 30%. The company raised its guidance for 2022/2023 and increased its dividend by 10%, marking its 29th consecutive annual increase. The Change Program is on track, delivering $217 million in operating expense savings.

Thomson Reuters (NYSE, TSX: TRI) has rescheduled its earnings webcast for the fourth quarter and full-year 2021. The new time is set for 9:00 A.M. EST on February 8, 2022, previously scheduled for 8:30 A.M. EST. Interested parties can access the webcast through the Investor Relations section of their website. An archive will be available after the presentation.

Thomson Reuters (TSX/NYSE: TRI) has appointed LaVerne Council to its Board of Directors, effective immediately. Council, with extensive expertise in information technology and business operations, aims to aid the company's transition from a holding company to an operating firm. Previously, she held significant roles in organizations like Grant Thornton and the U.S. Department of Veterans Affairs. Council's appointment is expected to enhance innovation and growth strategies at Thomson Reuters, aligning with their commitment to delivering quality services to customers.

Thomson Reuters will release its Q4 and FY 2022 earnings on February 8, 2022. A conference call featuring CEO Steve Hasker and CFO Mike Eastwood will take place at 8:30 a.m. EST to discuss potential forward-looking information. The webcast is accessible through the Investor Relations section of their website, with registration currently open. An archive of the session will be available post-event. Thomson Reuters is noted for its business information services, catering primarily to professionals in legal, tax, accounting, and compliance sectors.

Thomson Reuters (TSX/NYSE: TRI) announced the appointment of Gary Bisbee as the new Head of Investor Relations, effective March 1, 2022. He replaces Frank Golden, who will retire in July 2022 after 18 years. Bisbee brings over 20 years of experience in equity research from top financial institutions including Bank of America Securities and Lehman Brothers. His extensive knowledge and connections in the financial community are expected to enhance the company's strategy amidst its transformation into a content-driven technology firm.

Thomson Reuters has received a binding offer from Karnov Group to purchase its Spanish legal business, specifically Editorial Aranzadi SAU. This acquisition, intended to be integrated with Wolters Kluwer's legal solutions in Spain and France, remains subject to antitrust approval in Spain. Despite this sale, Thomson Reuters plans to continue offering global content-driven technology solutions in the Spanish market. The management expresses optimism that the acquired business will thrive under Karnov’s ownership while allowing Thomson Reuters to focus on its broader service offerings.

Thomson Reuters executives Steve Hasker and Mike Eastwood will present at the JP Morgan Ultimate Services Investor Conference on November 18, 2021, at 8:55 a.m. EST in New York. The presentation is expected to include forward-looking information about the company's business and services.

A live audio webcast of the presentation will be accessible in the Investor Relations section of tr.com, with an archive of the webcast available post-event.

Thomson Reuters (TSX/NYSE: TRI) reported a 6% increase in total revenue for Q3 2021, led by strong organic growth across four business segments. The company raised its full-year revenue guidance to 4.5% - 5.0%, with free cash flow projections increased to approximately $1.2 billion. Despite revenue growth, operating profit fell 11% and adjusted EBITDA dropped 7%. The diluted loss per share stood at $0.49, attributed to a decrease in investment value. The Change Program remains on track, achieving $132 million in operating expense savings.

Thomson Reuters (NYSE, TSX: TRI) will announce its third-quarter 2021 earnings in a news release on November 2, 2021. CEO Steve Hasker and CFO Mike Eastwood will host a conference call and webcast at 8:30 a.m. EDT that same day, discussing potential forward-looking information. Investors can access the event via the Investor Relations section on Thomson Reuters' website.