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 (NYSE, TSX: TRI) has announced that it will release its fourth-quarter and full-year 2022 earnings on February 9, 2023. A conference call and webcast, led by CEO Steve Hasker and CFO Mike Eastwood, is scheduled for 8:30 a.m. EST on the same day. The company provides business information services, focusing on legal, tax, accounting, and compliance sectors, along with global news through Reuters.
Thomson Reuters has completed its acquisition of SurePrep, a leader in 1040 tax automation software, for $500 million in cash. The acquisition enhances Thomson Reuters' offerings by integrating SurePrep's products, used by over 23,000 tax professionals, into its Tax and Accounting division. SurePrep is projected to generate approximately $60 million in revenue in 2022, with expected annual growth exceeding 20%. The deal aligns with Thomson Reuters' strategy for both organic and inorganic growth, promising enhanced productivity tools for tax professionals.
Thomson Reuters (TRI) announced a share sale of London Stock Exchange Group plc (LSEG) to Microsoft, bringing in approximately $1B in gross proceeds. The funds will be used for key growth opportunities and to return value to shareholders. Closing is pending antitrust and regulatory approvals, expected in Q1 2023. Additionally, lock-up provisions on LSEG shares held by Blackstone and Thomson Reuters will be amended, allowing for a reduced selling quota after the transaction completes. The company cautioned that forward-looking statements may be impacted by various risks.
Thomson Reuters is hosting an investor webcast at 2:00 pm EST today to discuss Westlaw Precision. The webcast will showcase insights from CEO Steve Hasker, CFO Mike Eastwood, and legal professionals, detailing the updates of the Westlaw platform, which was launched in September 2022. Interested parties can register for the webcast on the Investor Relations section of the Thomson Reuters website, where an archive will also be available post-event.
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.