Churchill Downs reports record 2023 revenue $2.5B; Q4 net income $57.6M

Churchill Downs Inc

2023-FY EPS reported $5.49 revenue$2,461,700,000

Record 2023 net revenue $2.5B, up 36% YoY; Adjusted EBITDA $1.0B, up 34%.
2023 net income $417M, down 5% vs $439M prior year; Q4 net income $57.6M vs $1.0M.
Completed Exacta acquisition Aug 2023; opened Derby City Gaming Downtown Dec 2023.
Annual dividend raised 7% to $0.382/share, 13th consecutive increase; repurchased $55.3M shares in 2023.
2024 project capital expected $450-550M; net bank leverage 4.0x.

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 1.0

Churchill Downs Inc reported the quarter and full year ended December 31, 2023 results: revenue $2,461.7, net income $417.3, EPS $5.49.

Period: the quarter and full year ended December 31, 2023
Revenue: $2,461.7
Net income: $417.3
EPS: $5.49
Result: reported results

Exact text from the filing

increased dividend per share. CONSOLIDATED RESULTS Fourth Quarter Years Ended December 31, (in millions, except per share data) 2023 2022 2023 2022 Net revenue $ 561.2 $ 480.1 $ 2,461.7 $ 1,809.8 Net income $ 57.6 $ 1.0 $ 417.3 $ 439.4 Diluted EPS $ 0.76 $ 0.01 $ 5.49 $ 5.71 Adjusted EBITDA (a) $ 219.1 $ 180.7 $ 1,023.9 $ 763.6 (a) This is a non-GAAP measure. See

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Source: SEC EDGAR

accession 0000020212-24-000053

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