secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0000020212-22-000124
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs Q2 2022: Record revenue $582.5M, EPS $8.79, Adjusted EBITDA $291.2M
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- Net revenue $582.5M (+13% YoY); net income $339.3M; diluted EPS $8.79 vs $2.76.
- Live & Historical Racing segment revenue $275.9M, Adjusted EBITDA $163.9M, driven by unrestricted Kentucky Derby.
- Closed sale of 115.7 acres near Calder Casino for $291M; after-tax gain of $193.6M.
- Repurchased 321,554 shares for $61.5M at avg $191.37; $359.1M remaining authorization.
- P2E acquisition ($2.485B) expected to close before end of 2022; financing arranged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021222000124/0000020212-22-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021222000124/chdn-20220727.htm
  HTML page:      https://secwatch.observer/filing/0000020212-22-000124

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