Thomson Reuters Corp Stock Price, News & Analysis

Thomson Reuters (TSX/NYSE: TRI) reported strong Q1 results for 2021, with revenues of $1,580 million, a 4% increase from 2020, and operating profit rising by 34% to $387 million. Diluted EPS surged to $10.13, influenced by a gain from selling its stake in Refinitiv. The company forecasts Q2 revenue growth of 5.5% to 6.5% and updated its full-year revenue outlook. However, it remains cautious due to ongoing pandemic risks. Adjusted EBITDA grew 16%, reaching $558 million, reflecting improved revenue and cost reductions.

Thomson Reuters has released its 2020 Social Impact Report, highlighting its initiatives in diversity and inclusion, environmental sustainability, and community support. For the first time, the company disclosed employee racial and ethnic diversity data and set new goals for leadership diversity by 2022, targeting 45% women and 20% racial and ethnic representation. The company received recognition in Refinitiv's D&I Index and scored 100% in the Human Rights Campaign's Corporate Equality Index. Key initiatives included using 100% renewable energy and significant contributions to social justice efforts.

Thomson Reuters (NYSE, TSX: TRI) will release its first-quarter 2021 earnings on May 4, 2021. A conference call, led by CEO Steve Hasker and CFO Mike Eastwood, is scheduled for 8:30 a.m. EDT on the same day, where forward-looking information may be discussed. Access to the webcast can be found on the company's Investor Relations page. Thomson Reuters provides essential business information and tools across various sectors.

Thomson Reuters (TSX/NYSE: TRI) is hosting its 2021 Investor Day virtually on March 16, 2021, at 8:30 am EDT. Senior management will present the company's Change Program, aimed at transitioning Thomson Reuters from a holding company to an operating company and from a content company to a content-driven technology entity. Forward-looking information and presentation materials are available on their website, with a replay of the webcast to be posted later today.

Thomson Reuters (TSX/NYSE: TRI) will present at the Bank of America Securities 2021 Information Services Virtual Conference on March 18, 2021, at 9:45 a.m. EDT. The presentation will feature CEO Steve Hasker and CFO Mike Eastwood, discussing potential forward-looking information. A live audio webcast will be accessible in the Investor Relations section of Thomson Reuters' website, along with an archive post-event. Thomson Reuters is a leading provider of news and information-based tools for professionals, focusing on legal, regulatory, and tax updates.

Thomson Reuters (TSX/NYSE: TRI) has filed its annual report for the year ending December 31, 2020, which includes audited financial statements and management's discussion and analysis. The report is accessible in the Investor Relations section of www.tr.com, with filings available at the Canadian securities regulatory agencies and the U.S. SEC on Form 40-F. Hard copies can be requested via email or by mail. Thomson Reuters is a leading provider of news and information-based tools aimed at professionals, focusing on legal, regulatory, and tax changes.

Thomson Reuters (TSX/NYSE: TRI) is set to host its 2021 Investor Day virtually on March 16, 2021, at 8:30 am EDT. The senior management team will present the company’s Change Program, focusing on its transformation from a holding company to an operating company, and from a content-driven to a technology-driven entity. Registration for the webcast is available on the Investor Relations section of their website, with an archive provided post-event.

Thomson Reuters (TRI) has announced a two-year Change Program aimed at transitioning from a holding company to an operating company and from a content provider to a content-driven technology company. For the fourth quarter, IFRS revenues rose 2%, and organic revenues increased by 5%. Notably, IFRS operating profit surged 343%, while adjusted EBITDA was up 33%, reaching a margin of 32.5%. The company projects organic revenue growth of 5-6% in 2023, with adjusted EBITDA margins of 38-40%, and free cash flow between $1.8 billion and $2.0 billion. A $0.10 increase in its annualized dividend was also announced.

Thomson Reuters (TSX/NYSE: TRI) has finalized the sale of Refinitiv to London Stock Exchange Group (LSEG) in an all-share transaction valued at approximately $9.8 billion. Following this sale, Thomson Reuters holds 82.5 million LSEG shares. A lock-up agreement restricts sales of these shares until January 29, 2025, with options to sell one-third of the shares in subsequent years. The transaction is expected to be tax-deferred, with a $700 million tax obligation due upon closing. Additionally, Reuters News maintains a 30-year agreement with Refinitiv, running to 2048.