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 (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.
Thomson Reuters Corporation (TRI) announced its acquisition of SurePrep, LLC for $500 million in cash. This US-based company specializes in 1040 tax automation software, serving over 23,000 tax professionals. The acquisition is expected to yield a tax benefit with a net present value of $60 million. SurePrep is projected to generate approximately $60 million in revenue for 2022 and grow over 20% annually thereafter. The deal is subject to regulatory approvals and expected to close in the first quarter of 2023.
Thomson Reuters (TSX/NYSE: TRI) will present at the JP Morgan Ultimate Services Conference on November 17, 2022, at 2:15 p.m. EST. The presentation will be led by Steve Hasker, CEO, and Mike Eastwood, CFO, and may contain forward-looking information. A live audio webcast will be accessible in the Investor Relations section on tr.com, with an archive available after the event.
Thomson Reuters is a premier provider of business information services, offering specialized software and tools for professionals across various sectors.
Thomson Reuters (TRI) reported a 3% revenue growth in Q3 2022, totaling $1.574 billion, with organic revenue rising 6%. The 'Big 3' segments—Legal Professionals, Corporates, and Tax & Accounting—contributed to this growth. Adjusted EBITDA increased by 17% to $535 million, boosting margins to 34%. Notably, the company executed an $855 million share buyback under a $2 billion plan. Despite macroeconomic uncertainties, TRI maintains its 2022 guidance, buoyed by robust recurring revenues and a successful launch of Westlaw Precision. CEO Steve Hasker noted a positive momentum in performance.
Thomson Reuters (NYSE, TSX: TRI) will release its third-quarter 2022 earnings on November 1, 2022. A conference call with CEO Steve Hasker and CFO Mike Eastwood will be held at 9:00 a.m. EDT the same day, which may include forward-looking information. Investors can access the webcast through the Investor Relations section of their website. Thomson Reuters provides specialized software and tools for legal, tax, accounting, and compliance professionals, alongside global news services.
Thomson Reuters (TRI) reported a 5% increase in total revenue for Q2 2022, rising to $1,614 million, with organic revenue up 7%. The company raised its full-year revenue guidance from approximately 5.5% to 6.0%. Strong growth was noted in its 'Big 3' segments, with a forecasted revenue increase of 7%. Operating profit surged 24% to $391 million, while adjusted EBITDA rose 12% to $561 million. Despite a diluted loss per share of $(0.24), adjusted EPS improved by 25% to $0.60. The company repurchased $394 million in shares and continues to focus on its Change Program, aiming for significant operational savings.
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