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 (TRI) reported strong third-quarter results for 2020, with IFRS revenues rising 2% to $1,443 million and an operating profit increase of 21% to $318 million. Adjusted EBITDA surged 42%, showcasing improved efficiency with margins rising to 34%. The company anticipates full-year adjusted EBITDA margin and free cash flow enhancements. The 'Big 3' segments saw organic revenues grow by 5%, though Global Print revenues declined by 7%. The outlook for 2020 has been upgraded across multiple metrics, despite potential economic challenges from COVID-19.
Thomson Reuters (TRI) will release its third-quarter 2020 earnings on November 3, 2020, followed by a conference call at 8:30 a.m. EST. The call will be hosted by Steve Hasker, CEO, and Mike Eastwood, CFO, who may discuss forward-looking information. Access to the webcast is available on the Investor Relations section of the Thomson Reuters website. An archive of the call will be accessible after the presentation. Thomson Reuters continues to provide essential business information services, reflecting its strong position in the market.
Thomson Reuters (TSX/NYSE: TRI) announced the appointments of Deanna Oppenheimer and Simon Paris to its Board of Directors, effective November 11, 2020. Oppenheimer brings extensive experience from Barclays and Washington Mutual, while Paris is the current CEO of Finastra. Chairman David Thomson emphasized their roles in reshaping product delivery and technology as part of the company's strategic growth. The appointments aim to enhance leadership and drive innovation within Thomson Reuters.
Thomson Reuters (TSX/NYSE: TRI) reported Q2 2020 results, meeting or exceeding financial guidance. Revenues decreased 1% to $1,405 million. Operating profit fell 18%, while diluted EPS dropped 31% to $0.25. However, adjusted EBITDA rose 35% to $479 million, with an adjusted EBITDA margin of 34.1%. Notably, cash flow from operations surged to $422 million, up 288%. The company raised its free cash flow outlook to $1.0-$1.1 billion and expects Q3 revenue growth of 1-2%. Despite challenges in Global Print and Reuters News, recurring revenues showed resilience, growing 4%.
Thomson Reuters (NYSE, TSX: TRI) will release its second-quarter 2020 earnings on August 5, 2020. A conference call and webcast, hosted by Steve Hasker and Mike Eastwood, will take place at 8:30 a.m. EDT on the same day. The call will likely include forward-looking information. Stakeholders can access the webcast through the Investor Relations section of the company's website, with a recorded archive available afterward.