Welcome to our dedicated page for Thomson Reuters news (Ticker: TRI), a resource for investors and traders seeking the latest updates and insights on Thomson Reuters stock.
Thomson Reuters reports developments across its content, software and technology businesses for legal, tax, audit, accounting, compliance, government and media professionals. Company news commonly covers results for its Legal Professionals, Corporates and Tax, Audit & Accounting Professionals segments, including recurring revenue trends, transaction revenue, Global Print, adjusted EBITDA, free cash flow and outlook updates.
Updates also cover products and partnerships tied to Westlaw, CoCounsel and Reuters News, along with capital actions such as dividends, share repurchases, returns of capital and share consolidation transactions. TRI news may also include investor conference appearances and shareholder voting or court approvals for corporate arrangements.
Thomson Reuters Corporation (TRI) announced its acquisition of SurePrep, LLC for $500 million in cash. This US-based company specializes in 1040 tax automation software, serving over 23,000 tax professionals. The acquisition is expected to yield a tax benefit with a net present value of $60 million. SurePrep is projected to generate approximately $60 million in revenue for 2022 and grow over 20% annually thereafter. The deal is subject to regulatory approvals and expected to close in the first quarter of 2023.
Thomson Reuters (TSX/NYSE: TRI) will present at the JP Morgan Ultimate Services Conference on November 17, 2022, at 2:15 p.m. EST. The presentation will be led by Steve Hasker, CEO, and Mike Eastwood, CFO, and may contain forward-looking information. A live audio webcast will be accessible in the Investor Relations section on tr.com, with an archive available after the event.
Thomson Reuters is a premier provider of business information services, offering specialized software and tools for professionals across various sectors.
Thomson Reuters (TRI) reported a 3% revenue growth in Q3 2022, totaling $1.574 billion, with organic revenue rising 6%. The 'Big 3' segments—Legal Professionals, Corporates, and Tax & Accounting—contributed to this growth. Adjusted EBITDA increased by 17% to $535 million, boosting margins to 34%. Notably, the company executed an $855 million share buyback under a $2 billion plan. Despite macroeconomic uncertainties, TRI maintains its 2022 guidance, buoyed by robust recurring revenues and a successful launch of Westlaw Precision. CEO Steve Hasker noted a positive momentum in performance.
Thomson Reuters (NYSE, TSX: TRI) will release its third-quarter 2022 earnings on November 1, 2022. A conference call with CEO Steve Hasker and CFO Mike Eastwood will be held at 9:00 a.m. EDT the same day, which may include forward-looking information. Investors can access the webcast through the Investor Relations section of their website. Thomson Reuters provides specialized software and tools for legal, tax, accounting, and compliance professionals, alongside global news services.
Thomson Reuters (TRI) reported a 5% increase in total revenue for Q2 2022, rising to $1,614 million, with organic revenue up 7%. The company raised its full-year revenue guidance from approximately 5.5% to 6.0%. Strong growth was noted in its 'Big 3' segments, with a forecasted revenue increase of 7%. Operating profit surged 24% to $391 million, while adjusted EBITDA rose 12% to $561 million. Despite a diluted loss per share of $(0.24), adjusted EPS improved by 25% to $0.60. The company repurchased $394 million in shares and continues to focus on its Change Program, aiming for significant operational savings.
Thomson Reuters (NYSE, TSX: TRI) announced that it will release its second-quarter 2022 earnings on August 4, 2022. A conference call and webcast will follow at 8:30 a.m. EDT, featuring CEO Steve Hasker and CFO Mike Eastwood discussing potential forward-looking information. Investors can access the webcast on the Investor Relations section of the company's website. The earnings report is anticipated to provide insights into the company's financial performance and future outlook.
On June 9, 2022, Thomson Reuters (TSX/NYSE: TRI) announced the results of its Board of Directors election held virtually. All 14 nominees, including newly elected Beth Wilson, were approved by shareholders. LaVerne Council also stood for election for the first time. Notably, Vance Opperman and Wulf von Schimmelmann did not seek re-election. Michael E. Daniels was appointed as the new Lead Independent Director. Other business included the re-appointment of PricewaterhouseCoopers LLP as auditor and an advisory resolution on executive compensation.
Thomson Reuters (TSX/NYSE: TRI) has received approval from the TSX for its annual normal course issuer bid, allowing it to repurchase up to US$2.0 billion of its shares. This program permits the repurchase of approximately 24 million shares from June 13, 2022 to June 12, 2023. The company plans to enter a pre-defined repurchase plan to execute transactions during trading blackout periods. Thomson Reuters expects significant capital capacity for future investments and continues to monetize its interest in the London Stock Exchange Group, valued at about US$6.5 billion.
On May 17, 2022, Thomson Reuters (TSX/NYSE: TRI) announced that CEO Steve Hasker and CFO Mike Eastwood will present at the TD Securities Telecom & Media Conference on May 25, 2022, at 1:00 p.m. EDT. The session is expected to include forward-looking information. A live audio webcast will be available in the Investor Relations section of tr.com, with an archive post-presentation. Thomson Reuters is a leader in business information services, offering specialized software and tools for professionals alongside the global news service, Reuters.
Altira Group LLC announced the sale of its portfolio company ThoughtTrace, Inc. to Thomson Reuters (NYSE: TRI). ThoughtTrace offers an AI-based software platform that interprets complex oil and gas contracts, enabling users to quickly extract insights from extensive documents. The transaction's terms remain undisclosed. Altira emphasized the role of their oil and gas partners in ThoughtTrace's success, which contributed to competitive advantages and superior returns on capital. Altira continues to seek innovative technologies to drive advancements in the energy sector.