secwatch.observer — SEC 8-K summary
======================================

Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000020212-24-000100
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs Q2 2024: record revenue $890.7M, EPS $2.79, Adjusted EBITDA $444.8M
--------------------------------------------------------------------------------

- Net revenue $890.7M (record, +16% YoY); net income $209.3M (+46%); diluted EPS $2.79 (vs $1.86).
- Record Adjusted EBITDA $444.8M (+22%); Live & Historical +25%, TwinSpires +36%, Gaming +14%.
- Terre Haute Casino Resort opened April 2024; hotel opened May 2024.
- Signed 7-year NBC agreement for Kentucky Derby Week (2026-2032); record Derby Week handle and EBITDA contribution.
- Repurchased ~93.9k shares for $13M; credit facility amendment extended maturity to 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021224000100/0000020212-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021224000100/chdn-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000020212-24-000100

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