Thomson Reuters Corporation - TRI STOCK NEWS

Thomson Reuters (TSX/NYSE: TRI) will have its CEO, Steve Hasker, present at the Bank of America Securities 2023 Information Services Conference on March 16, 2023, at 10:30am EDT. The presentation is expected to contain forward-looking information, offering insights into the company's strategic direction. A live audio webcast of the event will be accessible in the 'Investor Relations' section of TR.com, along with an archived version post-presentation. Thomson Reuters is recognized for its comprehensive business information services, encompassing specialized software tools for legal, tax, accounting, and compliance professionals.

Thomson Reuters (TSX/NYSE: TRI) announced the sale of 28 million shares of London Stock Exchange Group PLC (LSEG) at £71.50 per share, generating approximately $1.10 billion in pre-tax net proceeds. Of the shares sold, around 13.6 million were indirectly owned by Thomson Reuters. Following the transaction, the company will retain approximately 47.5 million shares of LSEG. The sale was conducted through institutional and retail placements, reflecting Thomson Reuters' ongoing strategy to manage its investment portfolio effectively.

Thomson Reuters (TSX/NYSE: TRI) has filed its annual report for the year ended December 31, 2022. The report includes audited financial statements and management's discussion and analysis. It is accessible in the Investor Relations section on their website and has been submitted to Canadian securities regulators and the U.S. SEC on Form 40-F. Hard copies of the report can be requested via email or through the company's Investor Relations office in New York. Thomson Reuters continues to be a leading provider of business information services, including specialized software and tools for professionals.

On March 1, 2023, Thomson Reuters announced that its President and CEO, Steve Hasker, along with CFO Mike Eastwood, will present at the Scotiabank TMT Conference on March 8, 2023, at 11:40 am EST. The presentation is expected to include forward-looking information about the company's future performance and strategic direction. Following the event, a replay will be accessible in the Investor Relations section of TR.com. Thomson Reuters is a premier provider of business information services, specializing in legal, tax, accounting, and compliance solutions.

Thomson Reuters (TRI) reported a 4% increase in full-year revenue, totaling $6.63 billion, with organic revenue growth of 6%. In Q4, revenue grew 3%, driven largely by its Legal Professionals, Corporates, and Tax & Accounting segments. The company achieved $540 million in annualized operating expense savings through its Change Program, contributing to a significant 146% increase in operating profit for Q4. The board approved a 10% increase in the annual dividend, marking the 30th consecutive year of growth. Looking ahead, TRI maintains its 2023 outlook for organic revenue growth of 5.5% - 6% despite economic challenges.

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.