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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 (NYSE, TSX: TRI) announced that it will release its second-quarter 2022 earnings on August 4, 2022. A conference call and webcast will follow at 8:30 a.m. EDT, featuring CEO Steve Hasker and CFO Mike Eastwood discussing potential forward-looking information. Investors can access the webcast on the Investor Relations section of the company's website. The earnings report is anticipated to provide insights into the company's financial performance and future outlook.
On June 9, 2022, Thomson Reuters (TSX/NYSE: TRI) announced the results of its Board of Directors election held virtually. All 14 nominees, including newly elected Beth Wilson, were approved by shareholders. LaVerne Council also stood for election for the first time. Notably, Vance Opperman and Wulf von Schimmelmann did not seek re-election. Michael E. Daniels was appointed as the new Lead Independent Director. Other business included the re-appointment of PricewaterhouseCoopers LLP as auditor and an advisory resolution on executive compensation.
Thomson Reuters (TSX/NYSE: TRI) has received approval from the TSX for its annual normal course issuer bid, allowing it to repurchase up to US$2.0 billion of its shares. This program permits the repurchase of approximately 24 million shares from June 13, 2022 to June 12, 2023. The company plans to enter a pre-defined repurchase plan to execute transactions during trading blackout periods. Thomson Reuters expects significant capital capacity for future investments and continues to monetize its interest in the London Stock Exchange Group, valued at about US$6.5 billion.
On May 17, 2022, Thomson Reuters (TSX/NYSE: TRI) announced that CEO Steve Hasker and CFO Mike Eastwood will present at the TD Securities Telecom & Media Conference on May 25, 2022, at 1:00 p.m. EDT. The session is expected to include forward-looking information. A live audio webcast will be available in the Investor Relations section of tr.com, with an archive post-presentation. Thomson Reuters is a leader in business information services, offering specialized software and tools for professionals alongside the global news service, Reuters.
Altira Group LLC announced the sale of its portfolio company ThoughtTrace, Inc. to Thomson Reuters (NYSE: TRI). ThoughtTrace offers an AI-based software platform that interprets complex oil and gas contracts, enabling users to quickly extract insights from extensive documents. The transaction's terms remain undisclosed. Altira emphasized the role of their oil and gas partners in ThoughtTrace's success, which contributed to competitive advantages and superior returns on capital. Altira continues to seek innovative technologies to drive advancements in the energy sector.
Thomson Reuters (TRI) reported strong Q1 2022 results, with total revenue up 6% to $1,674 million and organic revenue up 7%. The company raised its full-year revenue guidance from approximately 5% to 5.5%. Key segments, including Legal Professionals, Corporates, and Tax & Accounting Professionals, showed organic growth of 7%. Despite an 80% drop in diluted EPS to $2.06 due to prior gains, adjusted EPS increased 14% to $0.66. Operating profit grew 7% and adjusted EBITDA margin improved to 35.8%. The Change Program remains on track, targeting $305 million in savings.
Thomson Reuters (NYSE, TSX: TRI) will release its first-quarter 2022 earnings on May 3, 2022. A conference call featuring Steve Hasker and Mike Eastwood is scheduled for 9:00 a.m. EDT on the same day. The call will cover forward-looking information regarding financial performance. Investors can access the webcast via the Investor Relations section of their website. The release is expected to provide insights into revenue, earnings, and future guidance.
Thomson Reuters (TSX/NYSE: TRI) has filed its annual report for the fiscal year ending December 31, 2021. The report includes audited financial statements and management's discussion and analysis (MD&A). It is available in the Investor Relations section of tr.com and has been filed with Canadian securities regulators and the U.S. Securities and Exchange Commission on Form 40-F. Hard copies can be requested via email or mail. Thomson Reuters continues to provide specialized information services, featuring products for legal, tax, and compliance professionals.
Thomson Reuters (TSX/NYSE: TRI) executives Mike Eastwood and Paul Fischer will present at the Bank of America Securities 2022 Information Services Virtual Conference on March 17, 2022, at 1:05 p.m. EDT. The presentation may feature forward-looking information. A live audio webcast will be accessible via the Investor Relations section of their website, with an archived version available afterward. Thomson Reuters is recognized as a leading provider of news and information tools globally, focusing on legal, regulatory, and tax changes.
Thomson Reuters (TSX/NYSE: TRI) CFO Mike Eastwood will present at the Scotiabank TMT Conference on March 8, 2022, at 1:05 p.m. EST. The presentation may feature forward-looking information regarding the company’s performance and strategic direction. Investors and interested parties can access a live audio webcast in the Investor Relations section of their website, along with an archived version post-event. Thomson Reuters remains a leading provider of news and information for professionals across various industries.
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