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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 (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.
Thomson Reuters (TRI) reported a 6% revenue increase for Q4 2021 and FY 2021, reaching $1.71 billion and $6.35 billion respectively. Organic revenue grew 6% in Q4 and 5% for the year. The Big 3 segments saw 7% organic growth. However, operating profit declined by 73% to $257 million, and net cash provided from operations fell by 30%. The company raised its guidance for 2022/2023 and increased its dividend by 10%, marking its 29th consecutive annual increase. The Change Program is on track, delivering $217 million in operating expense savings.
Thomson Reuters (NYSE, TSX: TRI) has rescheduled its earnings webcast for the fourth quarter and full-year 2021. The new time is set for 9:00 A.M. EST on February 8, 2022, previously scheduled for 8:30 A.M. EST. Interested parties can access the webcast through the Investor Relations section of their website. An archive will be available after the presentation.
Thomson Reuters (TSX/NYSE: TRI) has appointed LaVerne Council to its Board of Directors, effective immediately. Council, with extensive expertise in information technology and business operations, aims to aid the company's transition from a holding company to an operating firm. Previously, she held significant roles in organizations like Grant Thornton and the U.S. Department of Veterans Affairs. Council's appointment is expected to enhance innovation and growth strategies at Thomson Reuters, aligning with their commitment to delivering quality services to customers.
Thomson Reuters will release its Q4 and FY 2022 earnings on February 8, 2022. A conference call featuring CEO Steve Hasker and CFO Mike Eastwood will take place at 8:30 a.m. EST to discuss potential forward-looking information. The webcast is accessible through the Investor Relations section of their website, with registration currently open. An archive of the session will be available post-event. Thomson Reuters is noted for its business information services, catering primarily to professionals in legal, tax, accounting, and compliance sectors.
Thomson Reuters (TSX/NYSE: TRI) announced the appointment of Gary Bisbee as the new Head of Investor Relations, effective March 1, 2022. He replaces Frank Golden, who will retire in July 2022 after 18 years. Bisbee brings over 20 years of experience in equity research from top financial institutions including Bank of America Securities and Lehman Brothers. His extensive knowledge and connections in the financial community are expected to enhance the company's strategy amidst its transformation into a content-driven technology firm.
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