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.
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.
Thomson Reuters (TRI) reported strong Q1 2022 results, with total revenue up 6% to $1,674 million and organic revenue up 7%. The company raised its full-year revenue guidance from approximately 5% to 5.5%. Key segments, including Legal Professionals, Corporates, and Tax & Accounting Professionals, showed organic growth of 7%. Despite an 80% drop in diluted EPS to $2.06 due to prior gains, adjusted EPS increased 14% to $0.66. Operating profit grew 7% and adjusted EBITDA margin improved to 35.8%. The Change Program remains on track, targeting $305 million in savings.
Thomson Reuters (NYSE, TSX: TRI) will release its first-quarter 2022 earnings on May 3, 2022. A conference call featuring Steve Hasker and Mike Eastwood is scheduled for 9:00 a.m. EDT on the same day. The call will cover forward-looking information regarding financial performance. Investors can access the webcast via the Investor Relations section of their website. The release is expected to provide insights into revenue, earnings, and future guidance.
Thomson Reuters (TSX/NYSE: TRI) has filed its annual report for the fiscal year ending December 31, 2021. The report includes audited financial statements and management's discussion and analysis (MD&A). It is available in the Investor Relations section of tr.com and has been filed with Canadian securities regulators and the U.S. Securities and Exchange Commission on Form 40-F. Hard copies can be requested via email or mail. Thomson Reuters continues to provide specialized information services, featuring products for legal, tax, and compliance professionals.
Thomson Reuters (TSX/NYSE: TRI) executives Mike Eastwood and Paul Fischer will present at the Bank of America Securities 2022 Information Services Virtual Conference on March 17, 2022, at 1:05 p.m. EDT. The presentation may feature forward-looking information. A live audio webcast will be accessible via the Investor Relations section of their website, with an archived version available afterward. Thomson Reuters is recognized as a leading provider of news and information tools globally, focusing on legal, regulatory, and tax changes.
Thomson Reuters (TSX/NYSE: TRI) CFO Mike Eastwood will present at the Scotiabank TMT Conference on March 8, 2022, at 1:05 p.m. EST. The presentation may feature forward-looking information regarding the company’s performance and strategic direction. Investors and interested parties can access a live audio webcast in the Investor Relations section of their website, along with an archived version post-event. Thomson Reuters remains a leading provider of news and information for professionals across various industries.
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.