Thomson Reuters Corp Q4 2019 Earnings Call Summary - Thomson StreetEvents

Thomson Reuters Corp Q4 2019 Earnings Call Summary

Thomson Reuters Corp Q4 2019 Earnings Call Summary - Thomson StreetEvents
Thomson Reuters Corp Q4 2019 Earnings Call Summary
Published Feb 25, 2020
20 pages (10583 words) — Published Feb 25, 2020
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of TRI.TO earnings conference call or presentation 25-Feb-20 1:30pm GMT

  
Brief Excerpt:

...A. Note: Mike Eastwood will succeed Stephane Bello as CFO. 1. 2. Has clear view of how to allocate enterprise center expenses and certain revenues across business segments, following completion of transformation program in 4Q19; reassessed allocation methodology. Will adjust cost allocations amongst business segments beginning in 1Q20, such that: a. Adjusted EBITDA for Reuters News will increase. i. ii. Adjusted EBITDA for other business segments will marginally decrease. b. Will transfer $14m of revenues primarily from Corporates business to Legal business where it will be managed where it fits better. 3. No changes to consolidated results. 4. When comparing performance period on period, discusses revenue growth rate before currency and on organic basis, as Co. believes this provides the best basis to measure underlying performance of business....

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Thomson Reuters Corp
Ticker
TRI.TO
Time
1:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Vince Valentini - TD Securities Equity Research - Analyst : Congrats, everybody. If I can try to unpack the revenue a bit. I'm not sure if I heard you correct, Stephane. Did you say the organic revenue growth for Tax would have been 7% in Q4 instead of 12% if you take out that UltraTax timing shift?

Question: Vince Valentini - TD Securities Equity Research - Analyst : Okay. So if we adjust for that, is it fair to say that the organic revenue growth guidance for 2020 would be pushing up towards 5%, if not for that somewhat anomaly of December versus January revenue?

Question: Vince Valentini - TD Securities Equity Research - Analyst : And last -- sorry, Frank, but it's one really big related question, I promise. The -- on your Slide 12, the revenue target, organic, 3% to 5% and then add 1% to 2% for acquisitions. Is that 3% to 5% meant to be your longer-term target? Is that some sort of average over the course of a business cycle? Because it seems like you're trending already -- especially if you adjust for this Tax item we just talked about, you're already trending towards the high end of that 3% to 5%. And it sounds like things could get even better, maybe in the 5%, 6% range within a year or 2. I'm wondering why this target is only 3% to 5% and what that time frame is supposed to be.

Table Of Contents

Thomson Reuters Corp at TD Securities Telecom & Media Virtual Conference Transcript – 2020-05-27 – US$ 54.00 – Edited Transcript of TRI.TO presentation 27-May-20 4:55pm GMT

Thomson Reuters Corp at Barclays Americas Select Franchise Conference (Virtual) Transcript – 2020-05-12 – US$ 54.00 – Edited Transcript of TRI.TO presentation 12-May-20 4:00pm GMT

Thomson Reuters Corp Q1 2020 Earnings Call Summary – 2020-05-05 – US$ 54.00 – Edited Brief of TRI.TO earnings conference call or presentation 5-May-20 12:30pm GMT

Thomson Reuters Corp Q1 2020 Earnings Call Transcript – 2020-05-05 – US$ 54.00 – Edited Transcript of TRI.TO earnings conference call or presentation 5-May-20 12:30pm GMT

Thomson Reuters Corp Q4 2019 Earnings Call Transcript – 2020-02-25 – US$ 54.00 – Edited Transcript of TRI.TO earnings conference call or presentation 25-Feb-20 1:30pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Thomson Reuters Corp Q4 2019 Earnings Call Summary" Feb 25, 2020. Alacra Store. May 23, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2019-Thomson-Reuters-Corp-Earnings-Call-B12992885>
  
APA:
Thomson StreetEvents. (2020). Thomson Reuters Corp Q4 2019 Earnings Call Summary Feb 25, 2020. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2019-Thomson-Reuters-Corp-Earnings-Call-B12992885>
  
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