secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000020212-24-000069
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs Q1 record revenue $590.9M (+6%); net income down 48% on prior-year gain
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- Record Q1 net revenue $590.9M (+6% YoY); Adj EBITDA $242.5M (+9% YoY); diluted EPS $1.08 vs $2.05.
- Net income $80.4M (-48% YoY) due to $86.2M after-tax gain on Arlington sale in prior-year quarter.
- Live & Historical revenue +15%, Adj EBITDA +23%; TwinSpires revenue +18%, Adj EBITDA +35% (includes Exacta). Gaming revenue -3% on weather and Lady Luck exit.
- Returned capital: $22M buybacks, $123.75M block repurchase from Duchossois, $0.382 dividend (13th consecutive increase).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021224000069/0000020212-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021224000069/chdn-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000020212-24-000069

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