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.
Overview of Thomson Reuters Corporation
Thomson Reuters Corporation (TRI) is a global content and technology powerhouse that provides trusted intelligence, specialized software, and innovative solutions to professionals across legal, tax, accounting, compliance, government, and media sectors. With a rich history that began over a century ago and was solidified by the 2008 megamerger between Canada’s Thomson and the United Kingdom’s Reuters Group, the company has built a reputation for delivering reliable content, actionable insights, and advanced technological platforms. In today’s complex regulatory and commercial environment, Thomson Reuters empowers its diverse clientele by offering products that combine deep analytical expertise with the latest in digital and AI-driven technology.
Core Business Segments and Offerings
The operational framework of Thomson Reuters is anchored by three primary segments:
- Legal Professionals: Serving the legal community with cutting-edge research tools, case law databases, and practice management solutions, this segment underscores the company's commitment to rigorous, evidence-based information. Legal professionals rely on detailed legal analytics and data-driven insights that help streamline case preparation and evidence evaluation.
- Tax, Accounting, and Corporate Services: This segment offers an integrated suite of products that cater to tax, accounting, and financial compliance departments. With specialized software that simplifies complex regulatory requirements and automates labor-intensive workflows, the company enhances operational efficiency and improves decision-making across corporate environments.
- Reuters News and Media: As part of its diversified portfolio, the Reuters news business continues to be a key source of trusted journalism and up-to-date global news. This division provides comprehensive coverage that journalists, analysts, and investors worldwide rely on for accurate and timely information.
Technology, Innovation, and Trust
At the core of Thomson Reuters’ value proposition is the synthesis of trusted content and technology. The company integrates advanced platforms—including AI-enabled solutions and sophisticated analytics tools—into its product offerings. These technologies not only facilitate accurate research and compliance tracking but also enable professionals to make informed, data-backed decisions in environments marked by fast-paced change. By continuously investing in technology, including generative AI tools designed for specialized markets, the company reinforces its role as a pivotal player in transforming professional work practices.
Market Position and Competitive Landscape
Thomson Reuters occupies a unique niche in a competitive market that values both historical reliability and forward-thinking innovation. Its longevity in the marketplace is rooted in a clear commitment to quality journalism, real-time intelligence, and precision in legal and financial data services. The company’s diversified revenue model—spanning subscription services, licensing agreements, and software solutions—ensures a stable foothold across multiple market segments. Despite the presence of other service providers in the legal and financial sectors, Thomson Reuters differentiates itself through a holistic approach that blends deeply researched content with state-of-the-art technology.
Operational Excellence and Business Model
The company’s business model is built on long-term relationships with its customers and a focus on delivering ongoing value through recurring revenues. Its integrated suite of products and services provides a seamless experience that addresses the intricate demands of professionals tasked with navigating regulatory complexity, managing global risks, and delivering justice. Thomson Reuters is known for its rigorous editorial standards and the consistent application of advanced risk analytics and intellectual property management, making it a trusted ally in markets where precision and reliability are paramount.
Commitment to Expertise and Integrity
Thomson Reuters’ commitment to expertise and integrity is evident in every facet of its operations. The company’s products and services are underpinned by decades of industry experience, a robust editorial process, and a proactive approach to technological innovation. Its reputation for trustworthiness is further bolstered by a strong emphasis on compliance, accuracy, and customer-centric solutions. This focus makes it an indispensable resource not only for legal, tax, and accounting professionals but also for institutions seeking to make complex decisions with a clear understanding of the risks and opportunities inherent in today’s global marketplace.
Conclusion
In summary, Thomson Reuters Corporation stands as a beacon of trusted intelligence and content-driven technology. By marrying an enduring legacy of quality journalism with innovative digital solutions, the company continues to meet the evolving needs of a broad spectrum of professionals. Its strategic focus on product integration, advanced analytics, and customer-focused service ensures that it remains at the forefront of transforming how professionals access and utilize information to make informed decisions.
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.
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.
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