Thomson Reuters (TSX /NYSE: TRI) today reported results for the full year and fourth quarter ended December 31, 2016.
- The company achieved its full-year 2016 Outlook.
- Fourth-quarter diluted earnings per share (EPS) was $3.03, reflecting the gain on the sale of IP & Science.
- Fourth-quarter adjusted EPS was $0.31, a decrease of $0.24 per share.
- Excluding fourth-quarter charges, adjusted EPS was $0.60, an increase of 9%.
- Full-year diluted EPS was $4.13, reflecting the gain on the sale of IP & Science.
- Full-year adjusted EPS was $1.79, an increase of $0.01 per share.
- Excluding fourth-quarter charges, adjusted EPS was $2.07, up 16% from the prior year.
- Full-year cash flow from operations increased 5% to $3.0 billion.
- Full-year free cash flow increased 12% to $2.0 billion.
- The company’s board of directors approved an additional $1 billion share buyback program and also approved a $0.02 per share annualized increase in the dividend to $1.38.
"2016 was a year of continued progress. I am encouraged by the momentum and the foundation we have built heading into 2017, and we are well positioned to deliver on our commitments," said Jim Smith , president and chief executive officer of Thomson Reuters. "Today's results reflect the clear progress we are making against the objectives we set out three years ago. 2017 is the year we work to accelerate revenue growth. In these uncertain times, customers lean more heavily on trusted partners like Thomson Reuters to help navigate a changing environment – and we are ready to help them."
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