TRI:CC - Thomson Reuters Corporation (TRI) Q1 2024 Earnings Call Transcript
2024-05-02 15:28:17 ET
Thomson Reuters Corporation (TRI)
Q1 2024 Earnings Conference Call
May 02, 2024, 09:00 ET
Company Participants
Gary Bisbee - Head, IR
Stephen Hasker - President, CEO & Director
Michael Eastwood - CFO
Conference Call Participants
Drew McReynolds - RBC Capital Markets
Aravinda Galappatthige - Canaccord Genuity
Manav Patnaik - Barclays Bank
Scott Fletcher - CIBC
Stephanie Yee - JPMorgan Chase & Co.
Vince Valentini - TD Cowen
Tim Casey - BMO Capital Markets
Sami Kassab - BNP Paribas Exane
Kevin McVeigh - UBS
George Tong - Goldman Sachs Group
Toni Kaplan - Morgan Stanley
Heather Balsky - Bank of America Merrill Lynch
Presentation
Operator
Good day, and welcome to the Thomson Reuters First Quarter Earnings Call. As a reminder, today's call is being recorded.
At this time, I'd like to turn the call over to Mr. Gary Bisbee, Head of Investor Relations. Please go ahead.
Gary Bisbee
Thank you, Maddie. Good morning, and thank you all for joining us today for our first quarter 2024 earnings call. I'm joined today by our CEO, Steve Hasker; and our CFO, Mike Eastwood, each of whom will discuss our results and take your questions following their remarks.
To enable us to get to as many questions as possible, we appreciate it if you'd limit yourself to one question and one follow up each when we open the phone lines.
Throughout today's presentation, when we compare performance period-on-period, we discuss revenue growth rates before currency as well as on an organic basis. We believe this provides the best basis to measure the underlying performance of our business.
Today's presentation contains forward-looking statements and non-IFRS financial measures. Actual results may differ materially due to a number of risks and uncertainties discussed in reports and filings that we provide to regulatory agencies. You may access these documents on our website or by contacting our Investor Relations Department.
Let me now turn it over to Steve Hasker.
Stephen Hasker
Thank you, Gary, and thanks to all of you for joining us today. With many of you having spent several hours with us at our Investor Day in March, we plan to keep our remarks today concise and focused on our first quarter results.
2024 has started out on a strong note, with revenue and profits exceeding our expectations. Total company organic revenues rose 9% with the Big 3 segments growing by 10%. In addition, strong revenue flow through boosted margins, driving a healthy profit beat. ...
Thomson Reuters Corporation (TRI) Q1 2024 Earnings Call Transcript