Additional information is provided in the explanatory footnotes to the appended tables. The charge will be amortized within the non-IFRS measure ‘adjusted earnings’ on a straight-line basis over the seven-year period that the company expects to pay the tax.Ģ These and other non-IFRS financial measures are defined and reconciled to the most directly comparable IFRS measures in the tables appended to this news release.
dollars, except EPS and margins) IFRS Financial MeasuresĪs Thomson Reuters simplifies and consolidates technology and content assets in order to achieve greater efficiencies, the company took a $235 million tax charge in the first quarter of 2013 which was the primary driver resulting in an IFRS loss of $0.04 per share in the quarter compared to $0.35 of EPS in the prior-year period.įor IFRS purposes, the entire charge was recorded in the first quarter.
"We are executing more effectively, launching better products, simplifying our systems and processes and managing with more rigor and discipline, which is why our confidence continues to build and we can affirm our full-year 2013 Outlook." Consolidated Financial Highlights Smith, chief executive officer of Thomson Reuters. "The first-quarter performance was consistent with our full-year expectations and I am pleased with the positive trajectory of the business as we begin the year," said James C. Underlying operating profit decreased 7% and the corresponding margin was 14.9% versus 16.2% in the prior-year period.įirst-quarter adjusted earnings per share (EPS) were $0.38, down $0.01 from the prior-year period. Adjusted EBITDA declined 2% and the corresponding margin was 24.4% versus 25.1% in the prior-year period. The company reported revenues from ongoing businesses of $3.1 billion, a 2% increase before currency. NEW YORK – Thomson Reuters (TSX / NYSE: TRI), the world's leading source of intelligent information for businesses and professionals, today reported results for the first quarter ended March 31, 2013.
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