secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000020212-23-000082
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs Q1 net revenue $559.5M record; net income $155.7M; EPS $4.09
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- Record net revenue $559.5M (+54% YoY); net income $155.7M vs $42.1M; diluted EPS $4.09 vs $1.08.
- Record Adjusted EBITDA $222.9M (+73% YoY); all three segments posted record first-quarter EBITDA.
- Closed sale of Arlington Heights property to Chicago Bears for $197.2M on Feb 15, 2023.
- Amended credit facility to increase Term Loan A by $500M (to $1.3B); issued $600M of 6.750% senior notes due 2031.
- Board approved two-for-one stock split; distribution date May 19, 2023 to holders of record May 5, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021223000082/0000020212-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021223000082/chdn-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000020212-23-000082

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