secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000020212-24-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021224000053/0000020212-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021224000053/chdn-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000020212-24-000053

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