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Thomson Reuters Corporation (NYSE/TSX: TRI) is a global content and technology leader, delivering trusted intelligence, technology, and human expertise to professionals. With a focus on the financial and risk, legal, tax and accounting, and media markets, Thomson Reuters empowers professionals to make the decisions that matter most, supported by the world's most trusted news organization.
The company is the result of a $17.6 billion merger in 2008 between Canada's Thomson and the UK's Reuters Group. Thomson Reuters' core segments include Legal Professionals, Tax and Accounting, and Corporates, collectively contributing to the majority of its revenue and adjusted EBITDA. The Legal Professionals segment, which generates around 42% of the firm's revenue, offers solutions that enable legal professionals to enhance productivity, manage risk, and drive efficient compliance. Meanwhile, the Tax and Accounting segment, making up about 20-25% of the firm's revenue, provides software and services that assist professionals in managing tax compliance, planning, and financial reporting.
Thomson Reuters has diversified into strategic partnerships and acquisitions to bolster its market presence and expand its service offerings. Recent notable acquisitions include Pagero Group AB, a leader in e-invoicing and indirect tax solutions, and World Business Media Limited, a provider of editorial coverage for the insurance industry. These acquisitions align with Thomson Reuters' strategic vision to offer a comprehensive suite of global indirect tax, reporting, and e-invoicing solutions.
The company's financial condition remains robust, with strong revenue growth, strategic capital allocation, and consistent shareholder returns. In recent years, Thomson Reuters has focused on delivering innovative solutions powered by Generative AI, enhancing its product portfolio, and driving digital transformation across its client base. The firm’s commitment to innovation is evident through launches like AI-Assisted Research on Westlaw Precision and various AI-driven enhancements across its product suite.
Thomson Reuters is listed on the Toronto and New York Stock Exchanges, and its extensive product line reaches a global customer base. The company's revenue streams are well-diversified across its primary segments, ensuring stability and growth potential. The firm's strategic focus on expanding compliance, automation, and digital solutions positions it well to navigate the evolving regulatory and technological landscape.
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.
Thomson Reuters (TRI) will release its fourth-quarter and full-year 2020 earnings on February 23, 2021.
The company's CEO Steve Hasker and CFO Mike Eastwood will host a conference call and webcast on the same day at 8:30 a.m. EST. This event will potentially include forward-looking information.
Investors can register for the webcast via the Investor Relations section of the Thomson Reuters website, with an archive available post-presentation.
Thomson Reuters Corporation (TSX/NYSE: TRI) has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid (NCIB) to repurchase up to 5 million common shares from January 4, 2021, to January 3, 2022. This repurchase aims to maintain roughly 500 million shares outstanding, countering dilution from dividend reinvestment and equity plans. The company previously repurchased about 6.9 million shares at an average price of US$72.61, costing approximately US$500 million. Future purchases will rely on market conditions and share price.
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