Churchill Downs reports record 2022 revenue $1.81B (+13% YoY), net income $439.4M (+76% YoY)

Churchill Downs Inc

2022-FY EPS reported $11.42 revenue$1,809,800,000

Record 2022 net revenue $1,809.8M (+13% YoY); net income $439.4M (+76% YoY); Adjusted EBITDA $763.6M (+22% YoY).
Q4 net income $1.0M ($0.03 diluted EPS) vs $43.3M ($1.11) prior year; Q4 Adjusted EBITDA $180.7M vs $127.0M.
Completed $2.75B acquisition of Peninsula Pacific Entertainment on Nov 1, 2022; announced $250M acquisition of Exacta Systems on Dec 19, 2022.
Annual dividend increased 7% to $0.714 per share, 12th consecutive annual increase; share repurchases of $175.5M in 2022.
Sold Arlington Heights to Chicago Bears for $197.2M (Feb 15, 2023); 2023 capex guidance $575-675M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Churchill Downs Inc reported fourth quarter and full year ended December 31, 2022 results: revenue Record 2022 net revenue of $1,809.8 million, up 13% compared to $1,597.2 million in the prior year, net income Record 2022 net income of $439.4 million, up 76% compared to $249.1 million in the prior year, EPS Diluted EPS $0.03 for Q4 2022, $1.11 for Q4 2021; $11.42 for full year 2022, $6.35 for full year 2021.

Period: fourth quarter and full year ended December 31, 2022
Revenue: Record 2022 net revenue of $1,809.8 million, up 13% compared to $1,597.2 million in the prior year
Net income: Record 2022 net income of $439.4 million, up 76% compared to $249.1 million in the prior year
EPS: Diluted EPS $0.03 for Q4 2022, $1.11 for Q4 2021; $11.42 for full year 2022, $6.35 for full year 2021
Result: reported results

Exact text from the filing

A copy of the news release issued by Churchill Downs Incorporated (the "Company") on February 22, 2023 announcing the results of operations and financial condition for the fourth quarter and full year ended December 31, 2022 is attached hereto as Exhibit 99.1 and incorporated by reference herein.

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Source: SEC EDGAR

accession 0000020212-23-000057

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