Feb 23 (Reuters) - Thomson Reuters Corp TRI.TO :
* THOMSON REUTERS REPORTS FOURTH-QUARTER AND FULL-YEAR 2020 RESULTS
* Q4 ADJUSTED EARNINGS PER SHARE $0.54
* Q4 IFRS EARNINGS PER SHARE $1.13
* Q4 REVENUE $1,616 MILLION, UP 2% ON CONSTANT CURRENCY BASIS
* Q4 EARNINGS PER SHARE VIEW $0.46, REVENUE VIEW $1.61 BILLION -- REFINITIV IBES DATA
* ANNOUNCED A $0.10 INCREASE IN ITS ANNUALIZED COMMON SHARE DIVIDEND
* SAYS TRANSITION PROGRAM EXPECTED TO TAKE 24 MONTHS TO LARGELY COMPLETE
* QUARTERLY LEGAL PROFESSIONALS REVENUES INCREASED 5% (4% ORGANIC) TO $653 MILLION AT CONSTANT CURRENCY
* DOES NOT CURRENTLY INTEND TO REPURCHASE ADDITIONAL SHARES IN 2021
* QUARTERLY TAX & ACCOUNTING PROFESSIONALS REVENUES OF $285 MILLION INCREASED 6% (8% ORGANIC) AT CONSTANT CURRENCY
* SAYS TRANSITION PROGRAM PROJECTED TO REQUIRE AN INVESTMENT OF BETWEEN $500 MILLION AND $600 MILLION DURING COURSE OF TIME
* IN 2023, THOMSON REUTERS CHANGE PROGRAM IS FORECAST TO REDUCE CAPITAL EXPENDITURES AS PERCENTAGE OF REVENUE TO 6.0%-6.5%
* QUARTERLY CORPORATES REVENUES INCREASED 4% (3% ORGANIC) TO $338 MILLION AT CONSTANT CURRENCY
* QUARTERLY REUTERS NEWS REVENUES OF $164 MILLION DECREASED 1% AT CONSTANT CURRENCY
* QUARTERLY GLOBAL PRINT REVENUES DECREASED 10% TO $177 MILLION AT CONSTANT CURRENCY
* SEES FY21 BIG 3 TOTAL REVENUE GROWTH BETWEEN 4.5% - 5.5% BEFORE CURRENCY
* SEES FY21 BIG 3 ORGANIC REVENUE GROWTH BETWEEN 4.5% - 5.5% BEFORE CURRENCY
* SEES FY21 BIG 3 ADJUSTED EBITDA MARGIN BETWEEN 38% - 39% BEFORE CURRENCY
* SEES FY 2021 TOTAL REVENUE GROWTH OF 3.0% - 4.0% BEFORE CURRENCY
* SEES FY 2021 ORGANIC REVENUE GROWTH OF 3.0% - 4.0% BEFORE CURRENCY
* SEES FY 2021 ADJUSTED EBITDA MARGIN 30% - 31% BEFORE CURRENCY
* SEES FY 2021 FREE CASH FLOW $1.0 - $1.1 BILLION BEFORE CURRENCY
* SEES FY 2021 CAP EX ABOUT 9.0% - 9.5% OF REVENUE BEFORE CURRENCY
* GLOBAL PRINT REVENUES ARE EXPECTED TO DECLINE BETWEEN 4% AND 7% IN FULL YEAR 2021
* NOW INDIRECTLY OWNS ABOUT 82.5 MILLION LSEG SHARES, WORTH ABT $11.2 BILLION BASED ON LSEG'S CLOSING SHARE PRICE ON FEB 22, 2021
* QUARTERLY CORPORATE COSTS AT ADJUSTED EBITDA LEVEL WERE $37 MILLION COMPARED TO $138 MILLION IN PRIOR-YEAR PERIOD
* SEES FY22 BIG 3 TOTAL REVENUE GROWTH BETWEEN 5.5% - 6.5% BEFORE CURRENCY
* SEES FY22 BIG 3 ORGANIC REVENUE GROWTH BETWEEN 5.5% - 6.5% BEFORE CURRENCY
* SEES FY22 BIG 3 ADJUSTED EBITDA MARGIN BETWEEN 41% - 42% BEFORE CURRENCY
* SEES FY 2022 TOTAL REVENUE GROWTH OF 4.0% - 5.0% BEFORE CURRENCY
* SEES FY 2022 ORGANIC REVENUE GROWTH OF 4.0% - 5.0% BEFORE CURRENCY
* SEES FY 2022 ADJUSTED EBITDA MARGIN 34% - 35% BEFORE CURRENCY
* SEES FY 2022 FREE CASH FLOW $1.2 - $1.3 BILLION BEFORE CURRENCY
* SEES FY 2022 CAP EX ABOUT 7.5% - 8.0% OF REVENUE BEFORE CURRENCY
* SEES ORGANIC REVENUE GROWTH OF 5% - 6% IN 2023
* SEES ADJUSTED EBITDA MARGIN OF 38% - 40% IN 2023
* SEES FREE CASH FLOW OF $1.8 BILLION - $2.0 BILLION IN 2023
* BIG 3 TOTAL REVENUE GROWTH AND ORGANIC REVENUE GROWTH IN Q1 IS FORECAST TO RANGE BETWEEN 4% AND 5%
* TOTAL COMPANY REVENUES AND TOTAL ORGANIC REVENUES FOR Q1 OF 2021 ARE EXPECTED TO INCREASE BETWEEN 1.5% AND 2.5%
* SEES DECLINE IN GLOBAL PRINT REVENUE OF BETWEEN 13% AND 15% IN Q1
* REFINITIV'S Q4 REVENUE WAS $1.68 BILLION, UP 4% BEFORE CURRENCY
* CEO STEVE HASKER 'CHANGE PROGRAM WILL TRANSITION THOMSON REUTERS FROM A CONTENT PROVIDER TO A CONTENT-DRIVEN TECHNOLOGY COMPANY'
* CEO STEVE HASKER 'PREVAILING TAILWINDS ARE FAVORABLE AND PLAY TO OUR STRENGTHS'
* SAYS WHILE EXPECTS THAT LSEG TRANSACTION WILL BE PREDOMINANTLY TAX DEFERRED, ABOUT $700 MILLION OF TAX BECAME PAYABLE WHEN DEAL CLOSED ON JAN 29
* PLANS TO SELL APPROXIMATELY $1 BILLION OF ITS LSEG SHARES TO GENERATE APPROXIMATELY $750 MILLION OF TOTAL NET PROCEEDS
* DOES NOT PLAN TO SELL ANY LSEG SHARES PRIOR TO LSEG'S ANNOUNCEMENT OF ITS FULL-YEAR 2020 RESULTS ON MARCH 5, 2021