secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000020212-23-000130
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs Q3 net revenue $572.5M (+49% YoY); record Adjusted EBITDA $218.2M; dividend raised 7%
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- Record net revenue $572.5M (+49% YoY); net income $61.0M (+7%); diluted EPS $0.79.
- Adjusted EBITDA record $218.2M (+34%); Live & Historical Racing EBITDA +134%, Gaming +10%, TwinSpires +9%.
- Completed Exacta Systems acquisition Aug 22; opened seventh Rosie's in Emporia, VA on Sept 26.
- Annual dividend raised 7% to $0.382/share, payable Jan 5, 2024 to holders of record Dec 1, 2023.
- Repurchased $37.3M in Q3; net bank leverage 4.1x; $232.9M remaining buyback authority.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021223000130/0000020212-23-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021223000130/chdn-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000020212-23-000130

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