secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000020212-22-000093
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Record Q1 revenue $364.1M, EPS $1.08; announces $2.485B P2E acquisition
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- Net revenue $364.1M (+12% YoY), net income $42.1M, diluted EPS $1.08 vs $0.91.
- Adjusted EBITDA $128.5M (+16% YoY); Gaming segment revenue grew 16%.
- Announced definitive agreement to acquire P2E for $2.485B; completed $3.2B in financing.
- Completed first two phases of $90M Rivers Des Plaines expansion; agreed to acquire Chasers Poker Room for up to $150M.
- Repurchased 116,863 shares for $25M in Q1; $420.6M remaining under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021222000093/0000020212-22-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021222000093/chdn-20220427.htm
  HTML page:      https://secwatch.observer/filing/0000020212-22-000093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer