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Thomson Reuters Corporation (TRI) CEO Steve Hasker on Q1 2020 Results - Earnings Call Transcript

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Thomson Reuters Corporation (NYSE:TRI) Q1 2020 Earnings Conference Call May 5, 2020 8:30 AM ET

Company Participants

Frank Golden - IR

Steve Hasker - CEO

Mike Eastwood - CFO

Conference Call Participants

Michael Cho - JP Morgan

Drew McReynolds - RBC Capital Markets

George Tong - Goldman Sachs

Toni Kaplan - Morgan Stanley

Manav Patnaik - Barclays

Aravinda Galappatthige - Canaccord

Tim Casey - BMO

Vince Valentini - TD Securities

Gary Bisbee - Bank of America Merrill Lynch


Ladies and gentlemen, thank you for standing by. Welcome to the Thomson Reuters First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Head of Investor Relations, Mr. Frank Golden. Please go ahead.

Frank Golden

Good morning and thank you for joining us today. This call marks the first time our new CEO, Steve Hasker; and our new CFO, Mike Eastwood, will report our results, and we'll follow a similar format to past practice. Given the impact COVID-19 is having on the economy, discussing Q1 results feels like looking in the rearview mirror, and the guidance we gave only two months ago is already dated. Nevertheless, we believe transparency is critical at a time like this for our stakeholders. Steve and Mike will discuss where the company stands today, both operationally and financially. They will also discuss our updated outlook for the full year as well as for the second quarter, taking into account the tremendous uncertainty resulting from the global COVID-19 pandemic and its evolving impact on businesses. [Operator Instructions]

Before getting started, I'd like to remind you about the 2019 segment revisions that we mentioned last quarter and are now reflected in our first quarter results. Throughout today's presentation, when we compare performance period-on-period, we discuss

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